News headlines about Diamondrock Hospitality Company (NYSE:DRH) have trended positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Diamondrock Hospitality Company earned a news sentiment score of 0.37 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 59 out of 100, indicating that recent media coverage is somewhat likely to have an impact on the company’s share price in the immediate future.
DRH has been the subject of a number of recent research reports. Boenning Scattergood reiterated an “underperform” rating on shares of Diamondrock Hospitality Company in a research note on Wednesday, April 12th. Canaccord Genuity reaffirmed a “buy” rating and set a $13.00 price target on shares of Diamondrock Hospitality Company in a research note on Friday, May 5th. Stifel Nicolaus raised shares of Diamondrock Hospitality Company from a “hold” rating to a “buy” rating and raised their target price for the stock from $11.50 to $11.75 in a research report on Monday, May 15th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Diamondrock Hospitality Company from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, BidaskClub upgraded shares of Diamondrock Hospitality Company from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $11.28.
Diamondrock Hospitality Company (NYSE:DRH) traded up 1.103% during mid-day trading on Wednesday, reaching $11.455. The company’s stock had a trading volume of 1,104,684 shares. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 21.613 and a beta of 1.37. The stock’s 50 day moving average is $11.25 and its 200 day moving average is $11.22. Diamondrock Hospitality Company has a 12 month low of $8.73 and a 12 month high of $12.00.
Diamondrock Hospitality Company (NYSE:DRH) last released its earnings results on Friday, May 5th. The real estate investment trust reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. Diamondrock Hospitality Company had a return on equity of 5.83% and a net margin of 12.15%. The firm had revenue of $196.21 million for the quarter, compared to analyst estimates of $192.85 million. During the same quarter in the prior year, the firm posted $0.21 earnings per share. The company’s quarterly revenue was down 7.9% on a year-over-year basis. Equities research analysts predict that Diamondrock Hospitality Company will post $0.49 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 12th. Shareholders of record on Friday, June 30th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 4.41%. The ex-dividend date is Wednesday, June 28th. Diamondrock Hospitality Company’s payout ratio is 94.34%.
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About Diamondrock Hospitality Company
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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