Insider Selling: DiamondRock Hospitality Director Sells 46,101 Shares of Stock (DRH)
DiamondRock Hospitality (NYSE:DRH) Director William W. Mccarten unloaded 46,101 shares of the company’s stock on the open market in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $12.25, for a total transaction of $564,737.25. Following the completion of the sale, the director now directly owns 333,712 shares in the company, valued at approximately $4,087,972. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on DRH shares. Analysts at Ned Davis Research upgraded shares of DiamondRock Hospitality from a “sell” rating to a “neutral” rating in a research note on Monday, January 13th. Separately, analysts at ISI Group upgraded shares of DiamondRock Hospitality from a “neutral” rating to a “buy” rating in a research note 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 on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $11.60.
DiamondRock Hospitality (NYSE:DRH) traded up 0.32% on Friday, hitting $12.35. 824,934 shares of the company’s stock traded hands. DiamondRock Hospitality has a 1-year low of $8.50 and a 1-year high of $12.31. The stock’s 50-day moving average is $11.67 and its 200-day moving average is $11.07. The company has a market cap of $2.414 billion and a price-to-earnings ratio of 66.90.
DiamondRock Hospitality Company is a lodging-focused Maryland corporation operating as a real estate investment trust (NYSE:DRH).
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