Evercore ISI Downgrades DiamondRock Hospitality (NYSE:DRH) to Inline

DiamondRock Hospitality (NYSE:DRH - Get Free Report) was downgraded by stock analysts at Evercore ISI from an "outperform" rating to an "inline" rating in a research report issued on Friday, MarketBeat.com reports. They presently have a $10.50 price objective on the real estate investment trust's stock. Evercore ISI's price objective would indicate a potential upside of 18.51% from the stock's previous close.

Other equities analysts have also issued research reports about the company. Compass Point raised DiamondRock Hospitality from a "neutral" rating to a "buy" rating and set a $10.00 price objective for the company in a research report on Monday, August 5th. Truist Financial dropped their price objective on shares of DiamondRock Hospitality from $11.00 to $10.00 and set a "hold" rating on the stock in a research note on Wednesday, September 4th. StockNews.com raised shares of DiamondRock Hospitality from a "sell" rating to a "hold" rating in a research note on Tuesday. Finally, Wells Fargo & Company dropped their price target on DiamondRock Hospitality from $9.50 to $9.00 and set an "equal weight" rating on the stock in a research report on Friday, September 13th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $10.17.

DiamondRock Hospitality Stock Down 2.0 %

Shares of NYSE:DRH traded down $0.18 during trading on Friday, hitting $8.86. The stock had a trading volume of 1,591,330 shares, compared to its average volume of 1,870,271. The company has a market capitalization of $1.84 billion, a PE ratio of 32.30, a PEG ratio of 5.38 and a beta of 1.60. The company has a quick ratio of 2.03, a current ratio of 1.73 and a debt-to-equity ratio of 0.66. The firm's fifty day moving average is $8.83 and its 200 day moving average is $8.54. DiamondRock Hospitality has a 12 month low of $7.74 and a 12 month high of $9.99.

Hedge Funds Weigh In On DiamondRock Hospitality

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

DiamondRock Hospitality Company Profile

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.