FBR Capital Maintains a 'Market Perform' on Diamondrock Hospitality (DRH); Observations and Thoughts Following 1Q Earnings and Conference Call
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Price: $12.36 +0.57%
Rating Summary:
11 Buy, 15 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
11 Buy, 15 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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FBR Capital maintains a 'Market Perform' on Diamondrock Hospitality (NYSE: DRH), PT $12.
FBR analyst says, "DiamondRock’s positives include high-quality assets located in urban and resort destinations, a moderately attractive dividend yield of approximately 3%, a well-reputed and seasoned management team, sourcing relationship with Marriott, and a strong balance sheet. We do not, however, find valuation overly compelling at this time."
"Following DiamondRock Hospitality Company’s 1Q results, we are increasing our 2011 AFFO/share estimate to $0.63 from $0.62, which accounts for higher interest expense and slightly stronger margin improvements in 3Q–4Q. We are, however, lowering our 2012 AFFO to $0.83 from $0.85 previously on higher interest expense expectations."
For more ratings news on Diamondrock Hospitality click here and for the rating history of Diamondrock Hospitality click here.
Shares of Diamondrock Hospitality closed at $11.30 yesterday.
FBR analyst says, "DiamondRock’s positives include high-quality assets located in urban and resort destinations, a moderately attractive dividend yield of approximately 3%, a well-reputed and seasoned management team, sourcing relationship with Marriott, and a strong balance sheet. We do not, however, find valuation overly compelling at this time."
"Following DiamondRock Hospitality Company’s 1Q results, we are increasing our 2011 AFFO/share estimate to $0.63 from $0.62, which accounts for higher interest expense and slightly stronger margin improvements in 3Q–4Q. We are, however, lowering our 2012 AFFO to $0.83 from $0.85 previously on higher interest expense expectations."
For more ratings news on Diamondrock Hospitality click here and for the rating history of Diamondrock Hospitality click here.
Shares of Diamondrock Hospitality closed at $11.30 yesterday.
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