News headlines about Diamondrock Hospitality (NYSE:DRH) have trended positive this week, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Diamondrock Hospitality earned a coverage optimism score of 0.26 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 46.7464695132067 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
- Zacks: Analysts Anticipate Diamondrock Hospitality Company (DRH) Will Announce Quarterly Sales of $224.07 Million (americanbankingnews.com)
- Brokerages Anticipate Diamondrock Hospitality Company (DRH) Will Post Earnings of $0.26 Per Share (americanbankingnews.com)
- Reviewing Diamondrock Hospitality (DRH) and MGM Growth Properties (MGP) (americanbankingnews.com)
- Diamondrock Hospitality Company (DRH) PT Set at $12.00 by Robert W. Baird (americanbankingnews.com)
Shares of Diamondrock Hospitality (NYSE:DRH) opened at 10.90 on Friday. Diamondrock Hospitality has a 52 week low of $8.73 and a 52 week high of $12.08. The company has a 50-day moving average price of $11.01 and a 200-day moving average price of $11.14. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 22.06 and a beta of 1.39.
Diamondrock Hospitality (NYSE:DRH) last posted its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. Diamondrock Hospitality had a return on equity of 5.41% and a net margin of 11.47%. The business had revenue of $243.30 million for the quarter, compared to the consensus estimate of $240.73 million. During the same quarter in the prior year, the company earned $0.31 EPS. The business’s revenue was up 1.2% compared to the same quarter last year. Equities analysts anticipate that Diamondrock Hospitality will post $0.46 EPS for the current year.
DRH has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Diamondrock Hospitality from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Monday, July 10th. BidaskClub cut shares of Diamondrock Hospitality from a “buy” rating to a “hold” rating in a report on Saturday, July 1st. Finally, Canaccord Genuity restated a “buy” rating and issued a $13.00 target price on shares of Diamondrock Hospitality in a report on Monday, August 7th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. Diamondrock Hospitality has an average rating of “Hold” and an average price target of $11.60.
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In related news, Director Maureen L. Mcavey sold 6,000 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $11.20, for a total transaction of $67,200.00. Following the completion of the sale, the director now directly owns 81,030 shares in the company, valued at approximately $907,536. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.
About Diamondrock Hospitality
DiamondRock Hospitality Company is a real estate investment trust (REIT). As of December 31, 2016, the Company owned a portfolio of 26 hotels and resorts that contains 9,472 guest rooms located in 17 different markets in North America and the United States Virgin Islands. Its business is to acquire, own, asset manage and renovate hotel properties in the United States.
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