DiamondRock Hospitality (NYSE:DRH) Lowered to "Hold" Rating by Stifel Nicolaus

DiamondRock Hospitality (NYSE:DRH - Get Free Report) was downgraded by Stifel Nicolaus from a "buy" rating to a "hold" rating in a research note issued to investors on Friday, Marketbeat reports. They presently have a $10.25 target price on the real estate investment trust's stock, down from their previous target price of $10.75. Stifel Nicolaus' price target suggests a potential upside of 12.27% from the company's current price.

Several other equities analysts have also recently commented on DRH. Compass Point upgraded DiamondRock Hospitality from a "neutral" rating to a "buy" rating and set a $10.00 target price for the company in a research report on Monday, August 5th. Truist Financial cut their price objective on DiamondRock Hospitality from $11.00 to $10.00 and set a "hold" rating for the company in a report on Wednesday, September 4th. StockNews.com upgraded DiamondRock Hospitality from a "sell" rating to a "hold" rating in a report on Tuesday, November 12th. Wells Fargo & Company cut their price objective on DiamondRock Hospitality from $9.50 to $9.00 and set an "equal weight" rating for the company in a report on Friday, September 13th. Finally, Evercore ISI cut DiamondRock Hospitality from an "outperform" rating to an "inline" rating and set a $10.50 price objective for the company. in a report on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $10.13.

DiamondRock Hospitality Stock Performance

Shares of NYSE:DRH traded down $0.01 during midday trading on Friday, reaching $9.13. 751,016 shares of the company traded hands, compared to its average volume of 1,853,748. DiamondRock Hospitality has a 12 month low of $7.74 and a 12 month high of $9.99. The firm's fifty day moving average price is $8.90 and its two-hundred day moving average price is $8.55. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 32.61, a price-to-earnings-growth ratio of 5.43 and a beta of 1.60.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DRH. Quarry LP raised its position in shares of DiamondRock Hospitality by 2,093.9% in the 2nd quarter. Quarry LP now owns 3,949 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 3,769 shares in the last quarter. Headlands Technologies LLC bought a new position in DiamondRock Hospitality during the 2nd quarter valued at approximately $42,000. Mirae Asset Global Investments Co. Ltd. increased its position in DiamondRock Hospitality by 35.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,153 shares of the real estate investment trust's stock valued at $73,000 after buying an additional 2,116 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in DiamondRock Hospitality during the 3rd quarter valued at approximately $74,000. Finally, Choreo LLC bought a new position in DiamondRock Hospitality during the 2nd quarter valued at approximately $89,000.

About DiamondRock Hospitality

DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in leisure destinations and top gateway markets. The Company currently owns 36 premium quality hotels with over 9,700 rooms. The Company has strategically positioned its portfolio to be operated both under leading global brand families as well as independent boutique hotels in the lifestyle segment.