Diamondrock Hospitality Company (DRH) has an average broker rating of 2.58, which is interpreted as a Hold, as rated by 12 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 considers that the stock is a Sell.
Diamondrock Hospitality Company (DRH) : The highest short term price target forecast on Diamondrock Hospitality Company (DRH) is $11 and the lowest target price is $8. 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 $1.18.
Company shares have received an average consensus rating of Hold for the current week
Diamondrock Hospitality Company (NYSE:DRH): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.56 and $9.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.72. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.71, notching a gain of 2.10% for the day. The total traded volume was 1,521,822 . The stock had closed at $9.51 on the previous day.
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.