Diamondrock Hospitality (DRH) Receiving Favorable Media Coverage, Accern Reports

Paterniano Del Favero
Agosto 11, 2017

On Tuesday, April 11 the stock rating was maintained by Goldman Sachs with "Neutral". During the same quarter in the previous year, the business earned $0.31 EPS. Boenning Scattergood now has a "Underperform" rating and a $10.00 target price on the stock. Boenning Scattergood also issued estimates for Diamondrock Hospitality's Q2 2018 earnings at $0.32 EPS and Q4 2018 earnings at $0.24 EPS.

Canaccord Genuity reiterated their buy rating on shares of Diamondrock Hospitality Company (NYSE:DRH) in a research note released on Monday. A month ago, analyst EPS consensus estimated earnings of US$0.14 per share. It has a Return on Investment (ROI) of 5.30% and a gross margin of 31.30%. The firm had revenue of $243.30 million during the quarter, compared to the consensus estimate of $240.73 million. During the same quarter a year ago, the firm earned $0.31 earnings per share. The business's revenue for the quarter was up 1.2% compared to the same quarter previous year.

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DiamondRock Hospitality Company (NYSE:DRH) has declined -2.43% since January and is down -3.85% for the past week.

DiamondRock Hospitality Company (DRH) reported sales (ttm) of 879.7 Million, whereas, 14 number of analysts estimated the mean sale of 225.95 million. BidaskClub dropped Diamondrock Hospitality from a buy recommendation to a hold recommendation in a note on Saturday, Jul 1st. Raymond James Financial, Inc. raised Diamondrock Hospitality from a "market perform" rating to an "outperform" rating and set a $13.00 target price for the company in a report on Friday, July 14th. Stifel Nicolaus reissued a "buy" rating on shares of Diamondrock Hospitality in a report on Thursday. UBS AG raised shares of Diamondrock Hospitality from a "market perform" rating to an "outperform" rating in a research note on Friday, July 14th. Three analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company's stock. Mesirow Financial Investment Management Us Value Equity who had been investing in Diamondrock Hospitality Co for a number of months, seems to be bullish on the $2.17 billion market cap company.

Many analysts are providing their Estimated Earnings analysis for DiamondRock Hospitality Company and for the current quarter 6 analysts have projected that the stock could give an Average Earnings estimate of $0.19/share. Given that liquidity is king in short-term, DRH is a stock with 200.65 million shares outstanding that normally trades 8.06% of its float. The corporation has a 50 Day SMA price of $11.50 and a two hundred day SMA of $11.24. Diamondrock Hospitality Company has a 12-month low of $8.73 and a 12-month high of $12.08.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 12th. Wellington Mngmt Group Llp owns 0.01% invested in DiamondRock Hospitality Company (NYSE:DRH) for 4.32 million shares. Wilbanks Smith And Thomas Asset Mngmt Limited Liability Co holds 4,003 shares or 0.05% of its portfolio. The rating was maintained by Bank of America on Wednesday, June 14 with "Buy". Blackrock Japan Limited has invested 0% in DiamondRock Hospitality Company (NYSE:DRH). However, the company's most recent quarter increase of 2.5% looks unattractive. Comerica Bank boosted its position in Diamondrock Hospitality by 4.2% in the first quarter. Meadow Creek Investment Management LLC now owns 10,892 shares of the real estate investment trust's stock valued at $122,000 after buying an additional 644 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Diamondrock Hospitality by 2.8% in the first quarter. LLC now owns 11,087 shares of the real estate investment trust's stock valued at $124,000 after buying an additional 483 shares during the last quarter. The original version of this news story can be read at https://www.baseball-news-blog.com/2017/08/11/public-employees-retirement-system-of-ohio-purchases-4732-shares-of-diamondrock-hospitality-company-nysedrh-updated-updated-updated.html. Louisiana State Employees Retirement System now owns 81,500 shares of the real estate investment trust's stock valued at $909,000 after buying an additional 1,000 shares during the period. With 94,400 avg volume, 0 days are for SSE PLC ADR (OTCMKTS:SSEZY)'s short sellers to cover SSEZY's short positions. Finally, State of Alaska Department of Revenue raised its position in Diamondrock Hospitality by 19.4% in the first quarter.

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