DiamondRock Hospitality Co. Hits New 52-Week High at $11.28 (DRH)
Shares of DiamondRock Hospitality (NYSE:DRH) hit a new 52-week high during trading on Friday, AnalystRatings.Net reports. The stock traded as high as $11.28 and last traded at $11.20, with a volume of 1,437,779 shares trading hands. The stock had previously closed at $10.93.
A number of analysts have recently weighed in on DRH shares. Analysts at Goldman Sachs Group Inc. raised their price target on shares of DiamondRock Hospitality from $9.25 to $9.50 in a research note to investors on Thursday. They now have a “sell” rating on the stock. Separately, analysts at Morgan Stanley initiated coverage on shares of DiamondRock Hospitality in a research note to investors on Thursday. They set an “overweight” rating and a $13.00 price target on the stock. Finally, analysts at MLV Capital upgraded shares of DiamondRock Hospitality from a “hold” rating to a “buy” rating in a research note to investors on Friday, September 20th. They now have a $13.00 price target on the stock, up previously from $11.00. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $11.24.
DiamondRock Hospitality has a 52-week low of $8.11 and a 52-week high of $11.07. The stock has a 50-day moving average of $10.37 and a 200-day moving average of $9.85. The company’s market cap is $2.193 billion.
DiamondRock Hospitality (NYSE:DRH) last issued its quarterly earnings data on Friday, August 9th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.01. The company had revenue of $221.18 million for the quarter, compared to the consensus estimate of $218.74 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. The company’s revenue for the quarter was up 23.9% on a year-over-year basis. On average, analysts predict that DiamondRock Hospitality will post $0.73 earnings per share for the current fiscal year.
DiamondRock Hospitality Company is a lodging-focused Maryland corporation operating as a real estate investment trust (NYSE:DRH).
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