Stock On Watch: DiamondRock Hospitality Company Has Another Very Strong Trading Session

Stock On Watch: DiamondRock Hospitality Company Has Another Very Strong Trading Session

The stock of DiamondRock Hospitality Company (NYSE:DRH) is a huge mover today! About 868,689 shares traded hands. DiamondRock Hospitality Company (NYSE:DRH) has risen 2.24% since April 11, 2016 and is uptrending. It has underperformed by 3.91% the S&P500.
The move comes after 6 months positive chart setup for the $1.97B company. It was reported on Nov, 11 by Barchart.com. We have $16.23 PT which if reached, will make NYSE:DRH worth $1.30 billion more.

DiamondRock Hospitality Company (NYSE:DRH) Ratings Coverage

Out of 7 analysts covering Diamondrock Hospitality Company (NYSE:DRH), 1 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 14% are positive. Diamondrock Hospitality Company has been the topic of 22 analyst reports since August 12, 2015 according to StockzIntelligence Inc. As per Monday, September 26, the company rating was downgraded by Morgan Stanley. The firm earned “Hold” rating on Monday, August 31 by Zacks. Stifel Nicolaus downgraded DiamondRock Hospitality Company (NYSE:DRH) on Thursday, December 17 to “Hold” rating. As per Tuesday, February 16, the company rating was maintained by Credit Suisse. The rating was upgraded by Barclays Capital on Wednesday, August 12 to “Equal-Weight”. As per Monday, January 11, the company rating was downgraded by JMP Securities. The firm has “Hold” rating by Evercore given on Monday, September 7. On Tuesday, March 29 the stock rating was reinitiated by Stifel Nicolaus with “Hold”. The company was maintained on Wednesday, October 5 by Citigroup. Zacks downgraded the stock to “Buy” rating in Monday, August 24 report.

According to Zacks Investment Research, “DiamondRock Hospitality Company is a self-advised real estate company that owns, acquires and invests in upper upscale and upscale hotel properties located primarily in North America. To a lesser extent, it may invest, on a selective basis, in premium limited-service and extended-stay hotel properties in urban locations. The Company has a strategic acquisition sourcing relationship with Marriott International.”

Insitutional Activity: The institutional sentiment increased to 1.62 in Q2 2016. Its up 0.27, from 1.35 in 2016Q1. The ratio increased, as 15 funds sold all DiamondRock Hospitality Company shares owned while 58 reduced positions. 33 funds bought stakes while 85 increased positions. They now own 222.51 million shares or 2.92% more from 216.20 million shares in 2016Q1.
The Japan-based Shinko Asset has invested 0.6% in DiamondRock Hospitality Company (NYSE:DRH). Ubs Asset Americas Incorporated last reported 372,564 shares in the company. Wellington Mngmt Group Llp accumulated 4.42M shares or 0.01% of the stock. Ameritas Prtn has invested 0.01% of its portfolio in DiamondRock Hospitality Company (NYSE:DRH). Foundry Partners Ltd Co last reported 18,045 shares in the company. Ameriprise Fincl Incorporated has invested 0.01% of its portfolio in DiamondRock Hospitality Company (NYSE:DRH). Eii Capital has 605,400 shares for 1.6% of their US portfolio. Moreover, Profund Advisors Ltd has 0.02% invested in DiamondRock Hospitality Company (NYSE:DRH) for 56,243 shares. Aperio Group Ltd Liability, a California-based fund reported 49,691 shares. The California-based Menta Cap Limited has invested 0.15% in DiamondRock Hospitality Company (NYSE:DRH). Swiss Bank & Trust holds 340,700 shares or 0% of its portfolio. Schwab Charles Investment Mgmt Inc has 1.63 million shares for 0.02% of their US portfolio. Pinebridge Invs Lp accumulated 0.01% or 25,471 shares. Smith Graham & Invest Limited Partnership last reported 0.76% of its portfolio in the stock. Exane Derivatives accumulated 41,791 shares or 0% of the stock.

More recent DiamondRock Hospitality Company (NYSE:DRH) news were published by: Reuters.com which released: “BRIEF-Diamondrock Hospitality Company reports Q3 EPS $0.15” on November 09, 2016. Also Prnewswire.com published the news titled: “DiamondRock Hospitality Company Reports Second Quarter 2016 Results” on August 05, 2016. Prnewswire.com‘s news article titled: “DiamondRock Hospitality Announces Third Quarter 2016 Earnings Release And …” with publication date: October 13, 2016 was also an interesting one.

DRH Company Profile

DiamondRock Hospitality Company, incorporated on May 6, 2004, is a lodging-focused Maryland corporation operating as a real estate investment trust (REIT). The Firm owns a portfolio of approximately 30 hotels and resorts throughout North America and the United States Virgin Islands that consists of over 10,925 guest rooms. The Company’s primary business is to acquire, own, asset manage and renovate full-service hotel properties in the United States. The Company’s portfolio is concentrated in gateway cities and destination resort locations. The Firm conducts its business through an umbrella partnership REIT (UPREIT) in which the Company’s hotels are owned by subsidiaries of its operating partnership, DiamondRock Hospitality Limited Partnership. The Firm is the sole general partner of its operating partnership and owns either directly or indirectly, all of the limited partnership units of its operating partnership. The Firm leases all of its domestic hotels to taxable REIT subsidiary (TRS) lessees. In turn, the Company’s TRS lessees must engage a third-party management firm to manage the hotels. Each of its hotels is managed by a third party and a number of its hotels are operated under a brand owned by lodging brand companies, such as Marriott International, Inc. (Marriott), Starwood Hotels & Resorts Worldwide, Inc. (Starwood) and Hilton Worldwide (Hilton).

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