Diamondrock Hospitality Company (NYSE:DRH) : 3 brokerage houses believe that Diamondrock Hospitality Company (NYSE:DRH) is a Strong Buy at current levels. 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Diamondrock Hospitality Company (NYSE:DRH). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 12 Wall Street Analysts endorse the stock as a Hold with a rating of 2.58.
Diamondrock Hospitality Company (NYSE:DRH) : The most positive equity analysts on Diamondrock Hospitality Company (NYSE:DRH) expects the shares to touch $11, whereas, the least positive believes that the stock will trade at $8 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $9.86 with an expected fluctuation of $1.18 from the mean.
Company shares have received an average consensus rating of Hold for the current week
Diamondrock Hospitality Company (NYSE:DRH): stock turned positive on Tuesday. Though the stock opened at $8.57, the bulls momentum made the stock top out at $8.83 level for the day. The stock recorded a low of $8.57 and closed the trading day at $8.66, in the green by 1.94%. The total traded volume for the day was 2,187,181. The stock had closed at $8.495 in the previous days trading.
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.