Diamondrock Receives a Sell from Boenning & Scattergood

In a report released today, Floris van Dijkum from Boenning & Scattergood reiterated a Sell rating on Diamondrock (NYSE: DRH), with a price target of $10. The company’s shares closed on Friday at $11.29.

According to TipRanks.com, Dijkum is a 3-star analyst with an average return of 2.0% and a 51.5% success rate. Dijkum covers the Financial sector, focusing on stocks such as Pennsylvania Real Estate ate Investment, Retail Properties of America Inc, and General Growth Properties Inc.

Diamondrock has an analyst consensus of Hold, with a price target consensus of $11.50.

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Diamondrock’s market cap is currently $2.26B and has a P/E ratio of 25.09. The company has a Price to Book ratio of 1.23.

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DRH in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.