Insider Selling: Sean M. Mahoney Sells 20,000 Shares of DiamondRock Hospitality Company Stock (DRH)
DiamondRock Hospitality Company (NYSE:DRH) CFO Sean M. Mahoney sold 20,000 shares of the company’s stock on the open market in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $13.25, for a total value of $265,000.00. Following the completion of the sale, the chief financial officer now directly owns 316,354 shares in the company, valued at approximately $4,191,691. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
DRH has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of DiamondRock Hospitality Company in a research note on Wednesday. They now have a $13.25 price target on the stock, up previously from $13.00. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of DiamondRock Hospitality Company in a research note on Monday. They now have a $14.00 price target on the stock, up previously from $13.00. Finally, analysts at ISI Group initiated coverage on shares of DiamondRock Hospitality Company in a research note on Wednesday, July 23rd. They set a “neutral” rating and a $3.00 price target on the stock. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $12.31.
DiamondRock Hospitality Company (NYSE:DRH) traded up 0.30% during mid-day trading on Thursday, hitting $13.36. The stock had a trading volume of 1,865,984 shares. DiamondRock Hospitality Company has a 1-year low of $9.52 and a 1-year high of $13.40. The stock’s 50-day moving average is $12.78 and its 200-day moving average is $12.35. The company has a market cap of $2.615 billion and a P/E ratio of 27.75.
DiamondRock Hospitality Company (NYSE:DRH) last issued its quarterly earnings data on Friday, August 8th. The company reported $0.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.25 by $0.01. The company had revenue of $229.93 million for the quarter, compared to the consensus estimate of $231.99 million. During the same quarter last year, the company posted $0.22 earnings per share. DiamondRock Hospitality Company’s revenue was up 5.5% compared to the same quarter last year. On average, analysts predict that DiamondRock Hospitality Company will post $0.87 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).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.