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Robert W. Baird Reaffirms Their Buy Rating on Diamondrock (DRH)

In a report released yesterday, Michael Bellisario from Robert W. Baird maintained a Buy rating on Diamondrock (DRHResearch Report), with a price target of $11.00. The company’s shares closed last Thursday at $9.84.

According to TipRanks.com, Bellisario is a 4-star analyst with an average return of 12.0% and a 63.9% success rate. Bellisario covers the Financial sector, focusing on stocks such as Braemar Hotels & Resorts, Summit Hotel Properties, and Xenia Hotels & Resorts.

Diamondrock has an analyst consensus of Moderate Buy, with a price target consensus of $10.20, implying a 3.1% upside from current levels. In a report issued on March 10, Wells Fargo also maintained a Buy rating on the stock with a $11.00 price target.

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Diamondrock’s market cap is currently $2.12B and has a P/E ratio of -10.40.

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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.

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