DiamondRock Hospitality Company (NYSE:DRH) has been given a consensus recommendation of “Buy” by the twelve ratings firms that are currently covering the company, Analyst Ratings Net reports.

Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $15.58.

Several brokerages have recently commented on DRH. Analysts at Zacks upgraded shares of DiamondRock Hospitality Company from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Thursday, July 16th. Analysts at Canaccord Genuity initiated coverage on shares of DiamondRock Hospitality Company in a report on Tuesday, July 14th. They issued a “buy” rating and a $16.00 price target on the stock. Analysts at SunTrust upgraded shares of DiamondRock Hospitality Company from a “reduce” rating to a “neutral” rating and set a $14.00 price target on the stock in a report on Thursday, May 21st. Finally, analysts at MLV & Co. set a $17.00 price target on shares of DiamondRock Hospitality Company and gave the company a “buy” rating in a report on Monday, April 27th.
DiamondRock Hospitality Company (NYSE:DRH) traded up 0.31% during mid-day trading on Tuesday, hitting $12.89. The stock had a trading volume of 527,119 shares. DiamondRock Hospitality Company has a 52-week low of $12.15 and a 52-week high of $16.01. The stock has a 50-day moving average of $13.23 and a 200-day moving average of $13.98. The company has a market cap of $2.59 billion and a P/E ratio of 15.06.
DiamondRock Hospitality Company (NYSE:DRH) last announced its earnings results on Friday, May 8th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. The company had revenue of $208.90 million for the quarter, compared to the consensus estimate of $205.63 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. Analysts expect that DiamondRock Hospitality Company will post $1.02 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.89%. The ex-dividend date was Friday, June 26th.
DiamondRock Hospitality Company is a lodging-focused Maryland corporation operating as a real estate investment trust (NYSE:DRH). It owns a portfolio of 26 premium hotels and resorts that contain 11,121 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. Its portfolio is concentrated in key gateway cities and destination resorts. Each of its hotels is managed by a third party and is operated under a brand owned by one of the global lodging brand companies (Marriott International, Inc. (Marriott), Starwood Hotels & Resorts Worldwide, Inc. (Starwood) or Hilton Worldwide (Hilton)). In November 2013, the Company sold the Torrance Marriott South Bay.

Source: http://www.lulegacy.com/2015/07/27/diamondrock-hospitality-company-receives-average-recommendation-of-buy-from-brokerages-nysedrh/562187/