Analysts At Stifel Nicolaus Upgraded Diamondrock Hospitality (NYSE:DRH) To Buy

DiamondRock Hospitality Company (NYSE:DRH) pays an annual dividend of 3 Sell Ratings, 6 Hold Ratings, 3 Buy Ratings with a yield of 4.73% and an average dividend growth of 14.30% based on a 3 Year Average. Stifel Nicolaus now has $11.75 price objective on the real estate investment trust’s stock, up from their prior price objective of $11.50. Stifel Nicolaus upgraded the shares of DRH in report on Monday, May 15 to “Buy” rating.

U.S. based company, DiamondRock Hospitality Company (DRH)’s latest closing price distance was 4.00% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at -1.74% and -2.97% compared with the 20 Day Moving Average. The analysts noted that the move was a valuation call.

According to Stifel Nicolauss price target of 11.75 on the company’s stock this indicates the broker now believes there is an increase of 11.16% from Diamondrock Hospitality’s current price of 10.57. Finally, Boenning Scattergood reaffirmed an “underperform” rating on shares of DiamondRock Hospitality Company in a report on Wednesday, April 12th. Goldman Sachs has “Neutral” rating and $11 target. The stock of DiamondRock Hospitality Company (NYSE:DRH) earned “Sector Weight” rating by KeyBanc Capital Markets on Monday, October 5. (NYSE:JEC), 4 have Buy rating, 0 Sell and 10 Hold. The company has a consensus rating of Hold and a consensus price target of $11.02. Morgan Stanley downgraded DiamondRock Hospitality Company (NYSE:DRH) on Monday, September 26 to “Underweight” rating. Loeb Prtn invested in 84,350 shares or 0.33% of the stock. The stock has a 50 day moving average of $11.04 and a 200-day moving average of $10.96. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 20.72 and a beta of 1.28.

Shares in Diamondrock Hospitality have risen as high as 12 in the past 52 weeks whilst the lowest price in the last 52 weeks has been 8.22. Cna Fin holds 0.09% of its portfolio in DiamondRock Hospitality Company (NYSE:DRH) for 33,571 shares. The company beat the analyst EPS Estimate with the difference of $-0.01.

While considering growth estimates of the company, it has next quarter growth estimates of -6.7% whereas during current quarter it has -13.6% estimations over growth, comparing to the estimations of -12.3% during current year and 4% for next year. The business’s revenue for the quarter was down 7.9% compared to the same quarter a year ago. During the same period in the prior year, the business earned $0.21 earnings per share.

A look at some of the inputs to technical analysis model shows how DiamondRock Hospitality Company current price compares to its recent moving averages. Moreover, Suntrust Banks has 0% invested in DiamondRock Hospitality Company (NYSE:DRH). If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of USA & worldwide trademark & copyright law. The correct version of this story can be accessed at Nuveen Fund Advisors LLC now owns 28,746 shares of the real estate investment trust’s stock worth $262,000 after buying an additional 939 shares during the period. Metropolitan Life Ins New York holds 0% or 3,308 shares.

About 1.39 million shares traded. Echo Street Capital Management LLC purchased a new position in DiamondRock Hospitality Company during the third quarter valued at about $4,135,000. State Street Corp now owns 7,710,081 shares of the real estate investment trust’s stock worth $85,967,000 after buying an additional 165,675 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new position in shares of DiamondRock Hospitality Company during the fourth quarter worth approximately $16,884,000. Alpha One also assigned media headlines about the real estate investment trust an impact score of 77 out of 100, meaning that recent press coverage is likely to have an effect on the stock’s share price in the near term.

On the other hand the company has Relative Strength Index (RSI 14) of 45.77 along with Average True Range (ATR 14) of 0.27, Consequently Diamondrock Hospitality Company (NYSE:DRH)’s weekly and monthly volatility is 2.21%, 2.42% respectively.