DiamondRock Hospitality Company Reaches New 12-Month High at $13.06 (DRH)
DiamondRock Hospitality Company (NYSE:DRH)’s share price reached a new 52-week high during mid-day trading on Wednesday , Stock Ratings Network.com reports. The stock traded as high as $13.06 and last traded at $13.04, with a volume of 757,196 shares traded. The stock had previously closed at $12.92.
A number of analysts have recently weighed in on DRH shares. Analysts at JMP Securities reiterated a “market outperform” rating on shares of DiamondRock Hospitality Company in a research note on Tuesday, May 13th. They now have a $14.00 price target on the stock, down previously from $15.00. Analysts at MLV & Co
raised their price target on shares of DiamondRock Hospitality Company to $14.00 in a research note on Tuesday, May 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. DiamondRock Hospitality Company currently has a consensus rating of “Hold” and an average price target of $12.72.
The stock’s 50-day moving average is $12.67 and its 200-day moving average is $12.1. The company has a market cap of $2.544 billion and a P/E ratio of 45.33.
DiamondRock Hospitality Company (NYSE:DRH) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.14 by $0.01. The company had revenue of $190.08 million for the quarter, compared to the consensus estimate of $189.25 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 8.1% on a year-over-year basis. Analysts expect that DiamondRock Hospitality Company will post $0.86 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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