Diamondrock Hospitality Company (DRH) Receives Price Target

Diamondrock Hospitality Company (DRH) : The consensus price target for Diamondrock Hospitality Company (DRH) is $9.86 for the short term with a standard deviation of $0.85. 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 $9.

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).


Also, Deutsche Bank maintains its view on Diamondrock Hospitality Company (NYSE:DRH) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Deutsche Bank lowers the price target from $11 per share to $10 per share on Diamondrock Hospitality Company. The rating by the firm was issued on July 19, 2016.

Diamondrock Hospitality Company (NYSE:DRH): The stock opened at $10.56 on Thursday but the bulls could not build on the opening and the stock topped out at $10.56 for the day. The stock traded down to $10.08 during the day, due to lack of any buying support eventually closed down at $10.12 with a loss of -4.44% for the day. The stock had closed at $10.59 on the previous day. The total traded volume was 4,035,648 shares.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.