Zacks Rating on Diamondrock Hospitality Company (DRH)

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 4, which recommends a Sell 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) stock is expected to deviate a maximum of $0.85 from the average target price of $9.86 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $11 and the most muted being $9.


Shares of Diamondrock Hospitality Co. rose by 3.72% in the last five trading days and 5.48% for the last 4 weeks. Diamondrock Hospitality Co. is up 24.52% in the last 3-month period. Year-to-Date the stock performance stands at 12.8%. Diamondrock Hospitality Company (NYSE:DRH): stock turned positive on Tuesday. Though the stock opened at $10.62, the bulls momentum made the stock top out at $10.78 level for the day. The stock recorded a low of $10.52 and closed the trading day at $10.59, in the green by 0.47%. The total traded volume for the day was 3,779,554. The stock had closed at $10.54 in the previous days trading.

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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