Diamondrock Hospitality Company (DRH) Given “Buy” Rating at Barclays PLC

Barclays PLC reiterated their buy rating on shares of Diamondrock Hospitality Company (NYSE:DRH) in a research note issued to investors on Tuesday. Barclays PLC currently has a $12.00 price objective on the real estate investment trust’s stock.

A number of other equities analysts have also weighed in on DRH. Zacks Investment Research raised Diamondrock Hospitality Company from a hold rating to a buy rating and set a $13.00 target price for the company in a research report on Wednesday, January 11th. Canaccord Genuity reissued a buy rating and issued a $13.00 target price on shares of Diamondrock Hospitality Company in a research report on Wednesday, January 4th. Nomura assumed coverage on Diamondrock Hospitality Company in a research report on Wednesday, December 14th. They issued a neutral rating and a $12.00 target price for the company. Finally, Instinet assumed coverage on Diamondrock Hospitality Company in a research report on Wednesday, December 14th. They issued a neutral rating and a $12.00 target price for the company. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of $11.18.

Diamondrock Hospitality Company (NYSE:DRH) traded down 0.26% on Tuesday, reaching $11.38. 1,385,834 shares of the company were exchanged. The company’s 50-day moving average price is $11.42 and its 200-day moving average price is $10.30. Diamondrock Hospitality Company has a 12-month low of $8.21 and a 12-month high of $12.00. The stock has a market capitalization of $2.28 billion, a P/E ratio of 19.62 and a beta of 1.28.

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The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Investors of record on Friday, December 30th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, December 28th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.38%. Diamondrock Hospitality Company’s dividend payout ratio (DPR) is presently 84.75%.

In related news, CFO Sean M. Mahoney sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $11.45, for a total transaction of $343,500.00. Following the completion of the transaction, the chief financial officer now directly owns 417,744 shares in the company, valued at approximately $4,783,168.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.20% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in DRH. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Diamondrock Hospitality Company by 2.0% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 32,222 shares of the real estate investment trust’s stock valued at $293,000 after buying an additional 619 shares during the last quarter. Paragon Capital Management Ltd increased its position in Diamondrock Hospitality Company by 8.1% in the third quarter. Paragon Capital Management Ltd now owns 11,280 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 841 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in Diamondrock Hospitality Company by 2.1% in the third quarter. Municipal Employees Retirement System of Michigan now owns 44,720 shares of the real estate investment trust’s stock valued at $407,000 after buying an additional 930 shares during the last quarter. Nuveen Fund Advisors LLC increased its position in Diamondrock Hospitality Company by 3.4% in the third quarter. Nuveen Fund Advisors LLC now owns 28,746 shares of the real estate investment trust’s stock valued at $262,000 after buying an additional 939 shares during the last quarter. Finally, Utah Retirement Systems increased its position in Diamondrock Hospitality Company by 12.4% in the third quarter. Utah Retirement Systems now owns 16,363 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 1,800 shares during the last quarter.

Diamondrock Hospitality Company Company Profile

DiamondRock Hospitality Company is a lodging-focused Maryland corporation operating as a real estate investment trust (REIT). The Company owns a portfolio of approximately 30 hotels and resorts throughout North America and the United States Virgin Islands that consists of over 10,925 guest rooms. Its primary business is to acquire, own, asset manage and renovate full-service hotel properties in the United States.

5 Day Chart for NYSE:DRH

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