DiamondRock Hospitality (NYSE:DRH) Receives Consensus Rating of “Hold” from Analysts

Shares of DiamondRock Hospitality (NYSE:DRH) have received an average rating of “Hold” from the four analysts that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $10.05.

Separately, Wells Fargo & Company reduced their price target on shares of DiamondRock Hospitality from $10.50 to $9.50 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th.

DiamondRock Hospitality Trading Down 8.3 %

Shares of DRH stock opened at $7.23 on Friday. The firm has a fifty day moving average of $8.28 and a 200-day moving average of $8.79. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 25.80, a P/E/G ratio of 2.06 and a beta of 1.63. DiamondRock Hospitality has a 52-week low of $7.07 and a 52-week high of $10.00. 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 business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, March 28th. This is a boost from DiamondRock Hospitality’s previous quarterly dividend of $0.03. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.43%. DiamondRock Hospitality’s dividend payout ratio is 188.24%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc boosted its position in shares of DiamondRock Hospitality by 156.3% during the first quarter. Versant Capital Management Inc now owns 3,699 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 2,256 shares in the last quarter. GF Fund Management CO. LTD. acquired a new stake in DiamondRock Hospitality during the 4th quarter worth $34,000. State of Wyoming bought a new position in DiamondRock Hospitality during the fourth quarter worth about $54,000. FIL Ltd acquired a new position in DiamondRock Hospitality in the fourth quarter valued at about $60,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of DiamondRock Hospitality by 278.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 9,769 shares of the real estate investment trust’s stock worth $89,000 after acquiring an additional 7,189 shares in 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.