DiamondRock Hospitality (NYSE:DRH) Shares Pass Above Two Hundred Day Moving Average - Should You Sell?

DiamondRock Hospitality (NYSE:DRH - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.82 and traded as high as $9.08. DiamondRock Hospitality shares last traded at $9.03, with a volume of 1,452,192 shares.

Analyst Ratings Changes

Several research analysts have commented on the company. Evercore ISI downgraded DiamondRock Hospitality from an "outperform" rating to an "inline" rating and set a $10.50 price objective on the stock. in a report on Friday, November 15th. Stifel Nicolaus downgraded DiamondRock Hospitality from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $10.75 to $10.25 in a report on Friday, November 22nd. Wells Fargo & Company raised their price objective on DiamondRock Hospitality from $10.00 to $10.50 and gave the stock an "equal weight" rating in a report on Monday, December 9th. Finally, StockNews.com upgraded DiamondRock Hospitality from a "sell" rating to a "hold" rating in a report on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, DiamondRock Hospitality currently has an average rating of "Hold" and a consensus price target of $10.25.

DiamondRock Hospitality Price Performance

The stock has a fifty day moving average price of $9.19 and a 200-day moving average price of $8.83. The firm has a market capitalization of $1.82 billion, a PE ratio of 31.39, a P/E/G ratio of 4.90 and a beta of 1.59. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.73 and a current ratio of 1.73.

DiamondRock Hospitality Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 14.56%. This is an increase from DiamondRock Hospitality's previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 31st. DiamondRock Hospitality's payout ratio is 42.86%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DRH. Quarry LP grew its stake in DiamondRock Hospitality by 2,093.9% during the 2nd quarter. Quarry LP now owns 3,949 shares of the real estate investment trust's stock worth $33,000 after buying an additional 3,769 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake 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 worth $73,000 after buying an additional 2,116 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in DiamondRock Hospitality during the 3rd quarter worth $74,000. KBC Group NV grew its stake in DiamondRock Hospitality by 55.9% during the 4th quarter. KBC Group NV now owns 10,436 shares of the real estate investment trust's stock worth $94,000 after buying an additional 3,744 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in DiamondRock Hospitality during the 3rd quarter worth $100,000.

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.