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New York, NY -- (SBWIRE) -- 09/11/2013 -- Pennystocksupdate.biz issues special report on - DiamondRock Hospitality Company
DiamondRock Hospitality Company (NYSE:DRH) is a lodging-focused Maryland corporation operating as a real estate investment trust (REIT). It owns a portfolio of 27 premium hotels and resorts that contain 11,590 guest rooms. It also holds the senior note on a mortgage loan secured by an additional hotel and has the right to acquire, upon completion, a hotel under development.
DiamondRock Hospitality (DRH) was upgraded by research analysts at FBR & Co. from a “market perform” rating to an “outperform” rating in a report released on Wednesday.
Several other analysts also recently commented on the stock. Analysts at FBR Capital Markets upgraded shares of DiamondRock Hospitality (DRH) from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday. They now have a $12.00 price target on the stock, up previously from $11.00. Separately, analysts at MLV Capital raised their price target on shares of DiamondRock Hospitality (DRH) from $10.00 to $11.00 in a research note to investors on Tuesday, August 13th. They now have a “hold” rating on the stock.
One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating on the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $10.62.
Shares of DiamondRock Hospitality Company (DRH) started out at 9.99 on Wed. DiamondRock Hospitality Company has a 1-year low of $8.11 and a 1-year high of $10.60. The stock’s 50-day shifting regular is $9.92 and its 200-day shifting regular is $9.61. The business's market cap is $1.953 billion dollars.
DiamondRock Hospitality Company (DRH) last released its every quarter income data on Friday, Aug 9th. The organization revealed $0.22 income per discuss for the one fourth, defeating the analysts’ agreement calculate of $0.21 by $0.01. The organization had income of $221.18 thousand for the one fourth, as opposed to agreeing calculate of $218.74 thousand.
During the same one fourth last season, the organization published $0.20 income per discuss. DiamondRock Hospitality Company ‘s income was up 23.9% as opposed to same one fourth last season. On regular, experts predict that DiamondRock Hospitality Company will post $0.73 income per discuss for the current financial season.
How Should Investors Trade DRH After The Recent Volatile Moves? Find Out Here.
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