How Janney Capital Currently Rates Diamondrock Hospitality (NYSE:DRH)
Janney Capital have commenced coverage its coverage on Diamondrock Hospitality (NYSE:DRH), today Wednesday, 2 December. The financial firm finds the stock of Diamondrock Hospitality (NYSE:DRH) attractive and has given it “Neutral” rating.
From a total of 15 analysts covering Diamondrock Hospitality Company (NYSE:DRH) stock, 7 rate it a ”Buy”, 2 a “Sell”, and 7 a ”Hold”. This means that 44% of the ratings are positive. The highest target price is $17 while the lowest target price is $10.25. The mean of all analyst targets is $13.57 with a 20.00% above today’s ($11.25) stock price. Diamondrock Hospitality Company was the topic of 9 analyst reports since August 12, 2015 according to the firm StockzIntelligence Inc. KeyBanc Capital Markets downgraded shares on October 5 to “Sector Weight” rating. Zacks upgraded DRH stock in a recent report from August 31 to “Hold” rating. Finally, Barclays Capital upgraded the stock to “Equal-Weight” rating in a report issued on an August 12.
The stock increased 1.08% or $0.12 during the last trading session, striking $11.25. Approximately shares of stock traded hands. DiamondRock Hospitality Company (NYSE:DRH) has declined 19.47% since April 29, 2015 and is downtrending. It has underperformed by 19.27% the S&P500.
DiamondRock Hospitality Company is a lodging focused Maryland corporation operating as a real estate investment trust . The company has a market cap of $2.23 billion. 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. It has 18.15 P/E ratio. The Firm conducts its business through a traditional umbrella partnership REIT, or umbrella partnership real estate investment trust (UPREIT) in , which the Company’s hotels are owned by subsidiaries of its operating partnership, DiamondRock Hospitality Limited Partnership.
According to Zacks Investment Research, “DiamondRock Hospitality Company is a self-advised real estate company that owns, acquires and invests in upper upscale and upscale hotel properties located primarily in North America. To a lesser extent, it may invest, on a selective basis, in premium limited-service and extended-stay hotel properties in urban locations. The Company has a strategic acquisition sourcing relationship with Marriott International.” Get a free copy of the Zacks research report on DiamondRock Hospitality Company (DRH).