Diamondrock Hospitality Company (DRH) Receives ‘Analyst’ Rating

Diamondrock Hospitality Company (DRH) : 12 analysts are covering Diamondrock Hospitality Company (DRH) and their average rating on the stock is 2.58, which is read as a Hold. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

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.


Also, In a research note released to the investors, Deutsche Bank maintains its rating on Diamondrock Hospitality Company (NYSE:DRH).The analysts at the brokerage house have a current rating of Hold on the shares. In a recent information released to the investors, Deutsche Bank lowers the new price target from $11 per share to $10 per share. The rating by the firm was issued on July 19, 2016.

Diamondrock Hospitality Company (NYSE:DRH): After opening at $9.12, the stock dipped to an intraday low of $9.08 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $9.31 and the buying power remained strong till the end. The stock closed at $9.28 for the day, a gain of 1.09% for the day session. The total traded volume was 3,176,653. The stocks close on the previous trading day was $9.18.

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.

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