DiamondRock Hospitality (NYSE:DRH) Stock Rating Lowered by Stifel Nicolaus

DiamondRock Hospitality (NYSE:DRH) was downgraded by research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, MarketBeat.com reports. They presently have a $10.25 price objective on the real estate investment trust’s stock, down from their previous price objective of $10.75. Stifel Nicolaus’ price objective suggests a potential upside of 11.90% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Wells Fargo & Company dropped their price objective on DiamondRock Hospitality from $9.50 to $9.00 and set an “equal weight” rating on the stock in a report on Friday, September 13th. Evercore ISI downgraded shares of DiamondRock Hospitality from an “outperform” rating to an “inline” rating and set a $10.50 price target for the company. in a report on Friday, November 15th. StockNews.com raised shares of DiamondRock Hospitality from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Truist Financial dropped their target price on shares of DiamondRock Hospitality from $11.00 to $10.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Finally, Compass Point raised DiamondRock Hospitality from a “neutral” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Monday, August 5th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, DiamondRock Hospitality presently has a consensus rating of “Hold” and a consensus target price of $10.13.

DiamondRock Hospitality Price Performance

Shares of DRH opened at $9.16 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.66. The stock’s 50 day moving average is $8.92 and its two-hundred day moving average is $8.55. DiamondRock Hospitality has a twelve month low of $7.74 and a twelve month high of $9.99. The firm has a market capitalization of $1.90 billion, a PE ratio of 32.73, a P/E/G ratio of 5.54 and a beta of 1.60.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Quarry LP grew its holdings 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 valued at $33,000 after buying an additional 3,769 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of DiamondRock Hospitality in the second quarter valued at $42,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of DiamondRock Hospitality by 35.1% during the third 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 acquiring an additional 2,116 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in DiamondRock Hospitality during the 3rd quarter worth about $74,000. Finally, Choreo LLC acquired a new position in DiamondRock Hospitality in the 2nd quarter valued at about $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.