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DiamondRock Hospitality (NYSE:DRH) was downgraded by equities research analysts at ISI Group from a “buy” rating to a “neutral” rating in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports.

DRH has been the subject of a number of other 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 on Monday. 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 research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $11.60.

In other DiamondRock Hospitality news, Director William Mccarten sold 46,101 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $12.25, for a total value of $564,737.25. Following 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 legal filing with the SEC, which can be accessed through this link.

Shares of DiamondRock Hospitality (NYSE:DRH) opened at 12.58 on Wednesday. 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 $2.459 billion and a price-to-earnings ratio of 67.61.

DiamondRock Hospitality (NYSE:DRH) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share for the quarter, missing the analysts’ 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. Analysts expect that DiamondRock Hospitality will post $0.73 EPS 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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