DiamondRock Hospitality Price Target Raised to $14.00 at FBR Capital Markets (DRH)
Stock analysts at FBR Capital Markets upped their price objective on shares of DiamondRock Hospitality (NYSE:DRH) from $13.00 to $14.00 in a report issued on Wednesday, Stock Ratings Network.com reports. FBR Capital Markets’ price objective would suggest a potential upside of 11.29% from the stock’s previous close.
In other DiamondRock Hospitality news, Director William Mccarten sold 46,101 shares of the company’s stock on the open market in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $12.25, for a total value 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 sale was disclosed in a filing with the SEC, which can be accessed through this link.
Several other analysts have also recently commented on the stock. Analysts at ISI Group downgraded shares of DiamondRock Hospitality from a “buy” rating to a “neutral” rating in a research note on Wednesday. They now have a $13.00 price target on the stock, up previously from $12.50. Separately, analysts at Ned Davis Research upgraded shares of DiamondRock Hospitality from a “sell” rating to a “neutral” rating in a research note on Monday. Finally, 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. DiamondRock Hospitality currently has a consensus rating of “Hold” and an average target price of $11.80.
Shares of DiamondRock Hospitality (NYSE:DRH) traded down 0.64% during mid-day trading on Wednesday, hitting $12.50. The stock had a trading volume of 1,651,000 shares. DiamondRock Hospitality has a 52 week low of $8.50 and a 52 week high of $12.69. The stock has a 50-day moving average of $11.75 and a 200-day moving average of $11.14. The company has a market cap of $2.443 billion and a price-to-earnings ratio of 68.37.
DiamondRock Hospitality (NYSE:DRH) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $0.02. The company had revenue of $201.47 million for the quarter, compared to the consensus estimate of $208.60 million. 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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