Diamondrock Hospitality Company (DRH) : The consensus on Diamondrock Hospitality Company (DRH) based on 12 analyst recommendation on the company stock is 2.58, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 5 which endorses a Strong Sell on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 8 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Diamondrock Hospitality Company (DRH).
Diamondrock Hospitality Company (DRH) : The highest short term price target forecast on Diamondrock Hospitality Company (DRH) is $11 and the lowest target price is $9. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $9.86 with a standard deviation of $0.85.
Company shares have received an average consensus rating of Hold for the current week Diamondrock Hospitality Company (NYSE:DRH): The stock opened at $10.32 on Thursday but the bulls could not build on the opening and the stock topped out at $10.38 for the day. The stock traded down to $10.19 during the day, due to lack of any buying support eventually closed down at $10.23 with a loss of -0.68% for the day. The stock had closed at $10.30 on the previous day. The total traded volume was 1,180,638 shares.
In a related news, The Securities and Exchange Commission has divulged that Tennis William J, officer (EVP & General Counsel) of Diamondrock Hospitality Co, had unloaded 100 shares at an average price of $14.95 in a transaction dated on March 24, 2015. The total value of the transaction was worth $1,495.
DiamondRock Hospitality Company is a lodging focused Maryland corporation operating as a real estate investment trust (REIT). As of December 31, 2014, the Company owned a portfolio of 27 hotels and resorts throughout North America and the United States Virgin Islands that consists of 10,552 guest rooms. The Company conducts its business through a traditional umbrella partnership REIT, or umbrella partnership real estate investment trust (UPREIT) in , which the Companys hotels are owned by subsidiaries of its operating partnership, DiamondRock Hospitality Limited Partnership. The Company is the sole general partner of its operating partnership and owns either directly or indirectly, all of the limited partnership units of its operating partnership. The Company leases all of its domestic hotels to REIT subsidiary or TRS lessees. In turn, the Companys TRS lessees must engage a third-party management company to manage the hotels.