DiamondRock Hospitality Co. (NYSE:DRH) shares were down 2.6% during trading on Thursday . The stock traded as low as $10.13 and last traded at $10.31, with a volume of 2,133,202 shares traded. The stock had previously closed at $10.59.

Several research analysts have recently commented on DRH shares. Canaccord Genuity reaffirmed a “buy” rating and set a $12.00 target price on shares of DiamondRock Hospitality in a report on Friday, May 6th. Zacks Investment Research raised shares of DiamondRock Hospitality from a “sell” rating to a “hold” rating in a report on Tuesday, May 10th. Janney Montgomery Scott started coverage on shares of DiamondRock Hospitality in a report on Monday, May 23rd. They set a “neutral” rating and a $9.50 target price on the stock. Deutsche Bank AG reaffirmed a “hold” rating and set a $11.00 target price on shares of DiamondRock Hospitality in a report on Sunday, June 26th. Finally, TheStreet raised shares of DiamondRock Hospitality from a “hold” rating to a “buy” rating in a report on Tuesday, July 19th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $11.27.

The company has a market cap of $2.03 billion and a PE ratio of 18.40. The firm has a 50 day moving average price of $10.07 and a 200-day moving average price of $9.47.

DiamondRock Hospitality (NYSE:DRH) last released its earnings results on Friday, August 5th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.01. The business had revenue of $256.66 million for the quarter, compared to analysts’ expectations of $259.26 million. The firm’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 EPS. Equities analysts expect that DiamondRock Hospitality Co. will post $1.02 EPS for the current year.

An institutional investor recently raised its position in DiamondRock Hospitality stock. Principal Financial Group Inc. raised its position in shares of DiamondRock Hospitality Co. (NYSE:DRH) by 4.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,362,785 shares of the real estate investment trust’s stock after buying an additional 57,648 shares during the period. Principal Financial Group Inc. owned approximately 0.68% of DiamondRock Hospitality worth $13,151,000 as of its most recent filing with the SEC.

DiamondRock Hospitality Company is a lodging-focused Maryland corporation operating as a real estate investment trust (REIT). The Company owns a portfolio of approximately 30 hotels and resorts throughout North America and the United States Virgin Islands that consists of over 10,925 guest rooms. Its primary business is to acquire, own, asset manage and renovate full-service hotel properties in the United States.

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