FBR Capital Raises Diamondrock Hospitaly to Market Perform (DRH)
Diamondrock Hospitaly (NYSE: DRH) was upgraded by equities research analysts at FBR Capital (NASDAQ: FBCM) from an “underperform” rating to a “market perform” rating in a research note issued to investors on Tuesday. The firm currently has a $11.00 price target on the stock, up from their previous price target of $9.00.
Separately, analysts at Goldman Sachs (NYSE: GS) cut their price target on shares of Diamondrock Hospitaly to $9.83 in a research note to investors on Wednesday, March 7th.
Diamondrock Hospitaly traded down 0.28% on Tuesday, hitting $10.63. Diamondrock Hospitaly has a 1-year low of $6.30 and a 1-year high of $11.60. The company has a market cap of $1.785 billion and a price-to-earnings ratio of 304.57.
Diamondrock Hospitaly last released its earnings data on Monday, April 30th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. Analysts expect that Diamondrock Hospitaly will post $0.19 EPS next quarter.
DiamondRock Hospitality Company is a lodging-focused real estate company. It owns a portfolio of 20 premium hotels and resorts that contain approximately 9,600 guestrooms.