Diamondrock Hospitality Company (DRH) : 3 brokerage houses believe that Diamondrock Hospitality Company (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 (DRH). Zacks Investment Research suggests a Sell with a rank of 4. 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 (DRH) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $11 and the lowest price target forecast is $9. The average forecast of all the analysts is $9.86 and the expected standard deviation is $0.85.
Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Deutsche Bank maintains the rating on Diamondrock Hospitality Company (NYSE:DRH). The brokerage firm has issued a Hold rating on the shares. The Analysts at the ratings agency lowers the 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): The stock opened at $9.89 and touched an intraday high of $10.01 on Wednesday. During the day, the stock corrected to an intraday low of $9.71, however, the bulls stepped in and pushed the price higher to close in the green at $9.9 with a gain of 0.20% for the day. The total traded volume for the day was 1,950,047. The stock had closed at $9.88 in the previous trading session.
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.