Fintel reports that on September 15, 2023, Truist Securities maintained coverage of Diamondrock Hospitality (NYSE:DRH) with a Hold recommendation.
Analyst Price Forecast Suggests 23.90% Upside
As of August 31, 2023, the average one-year price target for Diamondrock Hospitality is 10.06. The forecasts range from a low of 8.08 to a high of $11.55. The average price target represents an increase of 23.90% from its latest reported closing price of 8.12.
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The projected annual revenue for Diamondrock Hospitality is 1,058MM, a decrease of 0.01%. The projected annual non-GAAP EPS is 0.53.
What is the Fund Sentiment?
There are 546 funds or institutions reporting positions in Diamondrock Hospitality. This is unchanged over the last quarter. Average portfolio weight of all funds dedicated to DRH is 0.14%, a decrease of 2.33%. Total shares owned by institutions increased in the last three months by 3.09% to 261,066K shares. 
The put/call ratio of DRH is 1.48, indicating a bearish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 14,707K shares representing 7.02% ownership of the company. In it's prior filing, the firm reported owning 15,250K shares, representing a decrease of 3.69%. The firm decreased its portfolio allocation in DRH by 7.99% over the last quarter.
VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 9,203K shares representing 4.39% ownership of the company. In it's prior filing, the firm reported owning 9,408K shares, representing a decrease of 2.23%. The firm decreased its portfolio allocation in DRH by 8.71% over the last quarter.
Principal Financial Group holds 9,129K shares representing 4.35% ownership of the company. In it's prior filing, the firm reported owning 9,225K shares, representing a decrease of 1.06%. The firm decreased its portfolio allocation in DRH by 9.70% over the last quarter.
Pzena Investment Management holds 8,909K shares representing 4.25% ownership of the company. In it's prior filing, the firm reported owning 6,142K shares, representing an increase of 31.06%. The firm increased its portfolio allocation in DRH by 41.28% over the last quarter.
Macquarie Group holds 6,988K shares representing 3.33% ownership of the company. In it's prior filing, the firm reported owning 6,879K shares, representing an increase of 1.56%. The firm increased its portfolio allocation in DRH by 3.49% over the last quarter.
Diamondrock Hospitality Background Information
(This description is provided by the company.)
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 such as Hilton and Marriott as well as unique boutique hotels in the lifestyle segment.
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