DiamondRock Hospitality (NYSE:DRH – Get Free Report) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
Several other analysts have also recently issued reports on DRH. Truist Financial reduced their price objective on DiamondRock Hospitality from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Compass Point upgraded DiamondRock Hospitality from a “neutral” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Monday, August 5th. Finally, Wells Fargo & Company cut their price target on DiamondRock Hospitality from $9.50 to $9.00 and set an “equal weight” rating on the stock in a research note on Friday, September 13th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.10.
Check Out Our Latest Stock Analysis on DRH
DiamondRock Hospitality Trading Down 0.1 %
Hedge Funds Weigh In On DiamondRock Hospitality
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP boosted its holdings in DiamondRock Hospitality by 2,093.9% in the 2nd quarter. Quarry LP now owns 3,949 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 3,769 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of DiamondRock Hospitality during the 2nd quarter worth approximately $42,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of DiamondRock Hospitality by 35.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,153 shares of the real estate investment trust’s stock worth $73,000 after purchasing an additional 2,116 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in DiamondRock Hospitality in the 3rd quarter valued at $74,000. Finally, Choreo LLC purchased a new position in shares of DiamondRock Hospitality during the 2nd quarter worth $89,000.
DiamondRock Hospitality Company Profile
DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in leisure destinations and top gateway markets. The Company currently owns 36 premium quality hotels with over 9,700 rooms. The Company has strategically positioned its portfolio to be operated both under leading global brand families as well as independent boutique hotels in the lifestyle segment.
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