In a report released yesterday, Jeffrey Donnelly from Wells Fargo maintained a Sell rating on Diamondrock (DRH). The company’s shares closed yesterday at $9.74.
According to TipRanks.com, Donnelly is a 3-star analyst with an average return of 4.3% and a 59.2% success rate. Donnelly covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Hersha Hospitality Trust, and Host Hotels & Resorts.
The word on The Street in general, suggests a Hold analyst consensus rating for Diamondrock with a $10.33 average price target, representing a 6.1% upside. In a report issued on January 10, Goldman Sachs also downgraded the stock to Sell with a $8 price target.
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Based on Diamondrock’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $31.44 million. In comparison, last year the company had a net profit of $24.77 million.
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DiamondRock Hospitality Co. is a real estate investment trust with interests in hotels and resorts portfolio. Its activities include owning and management of lodging properties. The company was founded by Mark W. Brugger, William W. McCarten, and John L. Williams in July 2004 and is headquartered in Bethesda, MD.
