DiamondRock Hospitality Company (DRH) Releases FY17 Earnings Guidance

Author

04 June, 2017

Analysts' mean recommendation for DiamondRock Hospitality Company (DRH) stands at 2.70. 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. It closed at $11.2 lastly. It has outperformed by 23.81% the S&P500. Loeb Partners invested in 0.33% or 84,350 shares. Meetme Inc now has $328.17 million valuation. It is down 40.79% since May 30, 2016 and is uptrending. It has outperformed by 13.85% the S&P500.

Since December 9, 2016, it had 0 insider buys, and 1 sale for $343,400 activity.

A number of institutional investors have recently added to or reduced their stakes in DRH. Shares have risen 10.53% over the trailing 6 months. Eqis Cap Mngmt holds 0.01% or 18,631 shares in its portfolio. Geode Management Limited Liability Company invested 0.01% in DiamondRock Hospitality Company (NYSE:DRH). This technical setup was reported by Barchart.com. According to Thomson Reuters, sell-side analysts are forecasting a harmony target price of $25.23 on company shares. We have $12.12 PT which if reached, will make NYSE:DRH worth $181.60 million more.

DiamondRock Hospitality Company is a real estate investment trust. State Common Retirement Fund reported 0% stake. Victory Cap, Ohio-based fund reported 649,498 shares. LLC increased its position in DiamondRock Hospitality Company by 4.6% in the first quarter. The legal version of this report can be accessed at https://www.thestockobserver.com/2017/06/01/diamondrock-hospitality-company-drh-lowered-to-hold-at-zacks-investment-research.html.

Other analysts have also issued research reports about the company. Zacks Investment Research downgraded shares of DiamondRock Hospitality Company from a buy rating to a hold rating in a research report on Wednesday. 30,000 shares were sold by Mahoney Sean M, worth $343,400. Jacobs Levy Equity Mgmt owns 10,200 shares. Albemarle Corp (NYSE:ALB) was reduced too.

DiamondRock Hospitality Company (DRH) stock price ended its day with gain 1.08% and finalized at the value of $11.21. The stock's market capitalization is 2.22B, it has a 52-week low of 8.57 and a 52-week high of 12.00. The company was upgraded on Thursday, August 20 by Credit Suisse.

01/11/2016 - Diamondrock Hospitality Company was downgraded to "market perform" by analysts at JMP Securities.

DiamondRock Hospitality Company (NYSE:DRH) last released its earnings results on Friday, May 5th. The firm has "Outperform" rating given on Wednesday, March 23 by Credit Suisse. They set a "neutral" rating and a $11.00 target price for the company. Therefore 60% are positive. Normally this spread should be in positive territory, indicating that analysts expect an investment's value to increase over time. They now have a Dollars 11 price target on the stock. The Company, as of the date herein, owns 28 premium quality hotels with over 9,600 rooms. Citigroup maintained it with "Buy" rating and $56 target in Thursday, September 1 report. Roth Capital initiated the shares of MEET in report on Wednesday, October 28 with "Buy" rating. 900 shares were sold by Matthews Steven D II, worth $45,419 on Friday, February 17.

While trading at volume above than average, Pattern Energy Group Inc.

Investors sentiment decreased to 1.09 in 2016 Q4. Its up 0.06, from 1.08 in 2016Q3. Blackrock Invest accumulated 1.09M shares. 15 funds opened positions while 38 raised stakes. Mairs & Pwr invested 0.11% of its portfolio in Hawkins, Inc. Amalgamated Bank accumulated 27,148 shares. Bnp Paribas Arbitrage invested 0% in Meet Group Inc (NASDAQ:MEET). The company has market cap of $14.01 billion. Morgan Stanley reported 3.59 million shares. Calvert Inv holds 0.1% or 226,459 shares. Its down 0.11, from 2 in 2016Q3. Glenmede Tru Na holds 57,009 shares or 0% of its portfolio.

For more information about research offerings from Zacks Investment Research, visit Zacks.com Receive News & Ratings for DiamondRock Hospitality Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DiamondRock Hospitality Company and related companies with MarketBeat.com's FREE daily email newsletter.


More news


  • Hain Celestial Group's (HAIN) Market Perform Rating Reaffirmed at Oppenheimer Holdings Inc

    Hain Celestial Group's (HAIN) Market Perform Rating Reaffirmed at Oppenheimer Holdings Inc

    Investment House Llc increased Deluxe Corp (NYSE:DLX) stake by 30,985 shares to 69,945 valued at $5.01 million in 2016Q4. Wall Street analysts covering the stock are projecting that the stock will reach $44.93 within the next 52-weeks.
    1000 injured in panic after soccer game

    1000 injured in panic after soccer game

    Real Madrid went on to win their 12th European Cup, beating the Italian champions 4-1 in an exciting match in the Welsh capital. Among the injured five people sustained serious injuries, two more (including four children) in critical condition.
    Sun newspaper: Up to seven people feared dead in London incidents

    Sun newspaper: Up to seven people feared dead in London incidents

    Officers responded quickly to the incident and three suspects were shot dead shortly afterwards, the Met Police said. A van mowed down multiple civilians on the London Bridge in a hit-and-run just after 10 p.m. local time Saturday.
  • UK election to go ahead on June 8

    UK election to go ahead on June 8

    Corbyn has already said he would not entertain the idea of forming a coalition, which complicates matters for May. Polling companies went back to the drawing board after 2015, hoping to understand where they went wrong.

    Mayors to Trump: We'll enforce Paris accord without you

    It's a rather pathetic posture, but don't be surprised if the White House sticks to it until reporters get exhausted of asking. On Thursday, the Sierra Club, an environmental group, was scathing about Trump's endorsement of what he regards as clean coal.
    9 dead, 30 injured following London terror attacks

    9 dead, 30 injured following London terror attacks

    Australian Prime Minister Malcolm Turnbull called for "resolute solidarity" with Britain in the face of the "shocking" attacks. Attacks on civilians in two locations near the Thames River on Saturday night sent armed London police officers to each site.
  • Price T Rowe Group Inc (NASDAQ:TROW) Institutional Investor Sentiment Is 0.95

    Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of T. Out of 2 Wall Street analysts rating Apache, 0 give it "Buy", 1 "Sell" rating, while 1 recommend "Hold".
    Ariya to supplant Ko, first Thai to reach No. 1

    Ariya to supplant Ko, first Thai to reach No. 1

    She's only played six tournaments so far in 2017, but said she recovered well and has become "even stronger" after her injury. It's been a while, that's for sure", said Creamer of her performance of late. "I played solid.

    U.S. will meet its Paris commitments

    She was also accused by opponents of failing to stand up to the United States over its withdrawal from the Paris climate accord. In the past, Trump has called climate change a hoax despite most of the world having acknowledged it for more than a decade.
  • Putin: US hackers could have framed Russia in election hack

    Putin: US hackers could have framed Russia in election hack

    Hughley in 2016 over the fatal shootings of black men like Philando Castile and the protests that have spawned from them. If "they wake up and read that something is going on in interstate relations", they may decide to act, he added.
    Prime Minister Corbyn? UK polls narrowing dangerously for conservatives

    Prime Minister Corbyn? UK polls narrowing dangerously for conservatives

    Labour has said it would try to form a minority government , and Corbyn has refused to discuss forming a coalition after June 8. One woman asked why voters should trust her given her "track record" of "broken promises" during her tenure.
    Champions Trophy: New Zealand score 291 against Australia

    Champions Trophy: New Zealand score 291 against Australia

    He returned in the 45th over to dismiss Adam Milne and Mitchell Santner off successive deliveries to complete his fi-fer. Opting to bat first, the Blackcaps got off to a confident start except for the early dismissal of Martin Guptill .