Diamondrock Hospitality Company with ticker code (DRH) now have 11 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 11 and 8 calculating the average target price we see $10.05. Given that the stocks previous close was at $8.06 this would indicate that there is a potential upside of 24.7%. Also worth taking note is the 50 day moving average now sits at $8.63 and the 200 day moving average is $8.69. The total market capitalization for the company now stands at $1,721m. Company Website: https://www.drhc.com
The potential market cap would be $2,145m based on the market consensus.
DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in top gateway markets and destination resort locations. The Company owns 31 premium quality hotels with over 10,000 rooms. The Company has strategically positioned its hotels to be operated both under leading global brand families as well as unique boutique hotels in the lifestyle segment.
The company has a dividend yield of 1.48% with the ex dividend date set at 30-3-2023 (DMY).
Other points of data to note are a P/E ratio of 17.28, revenue per share of 4.72 and a 3.31% return on assets.
