DiamondRock Hospitality Co. Hits New 52-Week High at $11.85 (DRH)
DiamondRock Hospitality (NYSE:DRH)’s share price reached a new 52-week high during mid-day trading on Thursday, ARN reports. The stock traded as high as $11.85 and last traded at $11.82, with a volume of 1,653,525 shares traded. The stock had previously closed at $11.75.
DRH has been the subject of a number of recent research reports. Analysts at Ned Davis Research upgraded shares of DiamondRock Hospitality from a “sell” rating to a “neutral” rating in a research note to investors on Monday. Separately, analysts at ISI Group upgraded shares of DiamondRock Hospitality from a “neutral” rating to a “buy” rating in a research note to investors on Monday, January 6th. Finally, analysts at KeyCorp upgraded shares of DiamondRock Hospitality from a “hold” rating to a “buy” rating in a research note to investors on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $11.60.
DiamondRock Hospitality has a 52 week low of $8.50 and a 52 week high of $11.83. The stock’s 50-day moving average is $11.40 and its 200-day moving average is $10.73. The company has a market cap of $2.310 billion and a price-to-earnings ratio of 63.86.
DiamondRock Hospitality (NYSE:DRH) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.03. The company had revenue of $210.60 million for the quarter, compared to the consensus estimate of $218.74 million. During the same quarter last year, the company posted $0.18 earnings per share. DiamondRock Hospitality’s revenue was up 14.5% compared to the same quarter last year. 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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