Diamondrock Hospitality Company (NYSE:DRH) : The consensus price target for Diamondrock Hospitality Company (NYSE:DRH) is $9.86 for the short term with a standard deviation of $1.18. The most optimist securities analyst among the 7 who monitor the stock believes that the stock can reach $11, however, the pessimist price target for the company is $8.
Diamondrock Hospitality Co. has dropped 6.31% in the last five trading days, however, the shares have posted positive gains of 2.04% in the last 4 weeks. Diamondrock Hospitality Co. has dropped 7.16% during the last 3-month period . Year-to-Date the stock performance stands at -3.81%.
Diamondrock Hospitality Company (NYSE:DRH) : The consensus on Diamondrock Hospitality Company (NYSE: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 3 which endorses a Hold 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 (NYSE:DRH).
Diamondrock Hospitality Company (NYSE:DRH): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.98 and $8.81 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.03. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.03, notching a gain of 0.78% for the day. The total traded volume was 3,467,333 . The stock had closed at $8.96 on the previous day.
In an insider trading activity, 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.