DiamondRock Hospitality Co. (DRH) Stock Price Down 2.6%
Shares of DiamondRock Hospitality Co. (NYSE:DRH) traded down 2.6% on Thursday . The stock traded as low as $10.13 and last traded at $10.31, with a volume of 2,133,202 shares. The stock had previously closed at $10.59.
Several analysts recently commented on DRH shares. Deutsche Bank AG reiterated a “hold” rating and issued a $11.00 price target on shares of DiamondRock Hospitality in a research report on Sunday, June 26th. Barclays PLC reiterated a “buy” rating and issued a $11.00 price target on shares of DiamondRock Hospitality in a research report on Thursday, August 11th. Janney Montgomery Scott started coverage on shares of DiamondRock Hospitality in a research report on Monday, May 23rd. They issued a “neutral” rating and a $9.50 price target for the company. TheStreet upgraded shares of DiamondRock Hospitality from a “hold” rating to a “buy” rating in a research report on Tuesday, July 19th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $12.00 price target on shares of DiamondRock Hospitality in a research report on Friday, May 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $11.27.
The firm has a 50-day moving average price of $10.12 and a 200-day moving average price of $9.48. The company has a market cap of $2.03 billion and a price-to-earnings ratio of 18.40.
DiamondRock Hospitality (NYSE:DRH) last released its quarterly earnings results on Friday, August 5th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $256.66 million for the quarter, compared to analyst estimates of $259.26 million. The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 earnings per share. Equities analysts predict that DiamondRock Hospitality Co. will post $1.02 earnings per share for the current year.
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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