DiamondRock Hospitality (NYSE:DRH) Rating Increased to Hold at StockNews.com

DiamondRock Hospitality (NYSE:DRH) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

DRH has been the topic of a number of other research reports. Compass Point raised DiamondRock Hospitality from a “neutral” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Monday, August 5th. Truist Financial decreased their price objective on DiamondRock Hospitality from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Finally, Wells Fargo & Company decreased their price objective on DiamondRock Hospitality from $9.50 to $9.00 and set an “equal weight” rating on the stock in a research note on Friday, September 13th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.10.

DiamondRock Hospitality Trading Down 0.1 %

NYSE DRH opened at $9.25 on Tuesday. DiamondRock Hospitality has a 12 month low of $7.74 and a 12 month high of $9.99. The stock has a market cap of $1.92 billion, a P/E ratio of 33.04, a P/E/G ratio of 5.43 and a beta of 1.60. The stock’s fifty day moving average price is $8.79 and its 200-day moving average price is $8.54. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.71.

Institutional Trading of DiamondRock Hospitality

Several large investors have recently added to or reduced their stakes in DRH. Allspring Global Investments Holdings LLC lifted its holdings in shares of DiamondRock Hospitality by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 46,240 shares of the real estate investment trust’s stock valued at $444,000 after buying an additional 3,897 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of DiamondRock Hospitality by 13.1% during the first quarter. BNP Paribas Financial Markets now owns 105,115 shares of the real estate investment trust’s stock valued at $1,010,000 after acquiring an additional 12,194 shares during the last quarter. Texas Permanent School Fund Corp raised its holdings in shares of DiamondRock Hospitality by 7.1% during the first quarter. Texas Permanent School Fund Corp now owns 183,463 shares of the real estate investment trust’s stock valued at $1,763,000 after acquiring an additional 12,143 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of DiamondRock Hospitality during the first quarter valued at approximately $294,000. Finally, Sei Investments Co. raised its holdings in shares of DiamondRock Hospitality by 14.5% during the first quarter. Sei Investments Co. now owns 305,919 shares of the real estate investment trust’s stock valued at $2,940,000 after acquiring an additional 38,745 shares during the last quarter.

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.