Compass Point analyst Floris van Dijkum reiterated a Hold rating on Diamondrock (DRH – Research Report) today and set a price target of $10.00. The company’s shares closed last Friday at $9.33.
van Dijkum covers the Real Estate sector, focusing on stocks such as Acadia Realty, Regency Centers, and Diamondrock. According to TipRanks, van Dijkum has an average return of 3.7% and a 47.83% success rate on recommended stocks.
In addition to Compass Point, Diamondrock also received a Hold from Wells Fargo’s Dori Kesten in a report issued on February 22. However, on February 23, Stifel Nicolaus maintained a Buy rating on Diamondrock (NYSE: DRH).
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Based on Diamondrock’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $276.52 million and a net profit of $27.27 million. In comparison, last year the company earned a revenue of $268.21 million and had a net profit of $28.46 million
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Diamondrock (DRH) Company Description:
DiamondRock Hospitality Co. is a real estate investment trust which focuses on lodging properties. It engages in the acquisition, ownership, asset management, and renovation of hotels and resorts. The company was founded by Mark W. Brugger, William W. McCarten, and John L. Williams in July 2004 and is headquartered in Bethesda, MD.
Read More on DRH:
- DiamondRock price target raised to $10.50 from $10 at Stifel
- DiamondRock sees 2024 adjusted FFO 88c-$1.02, consensus 94c
- DiamondRock reports Q4 adjusted FFO 18c, consensus 18c
- DIAMONDROCK HOSPITALITY COMPANY REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS
- DRH Earnings this Week: How Will it Perform?
