Diamondrock Hospitality Company (NYSE:DRH) Director Maureen L. Mcavey sold 6,000 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $11.20, for a total value of $67,200.00. Following the completion of the transaction, the director now owns 81,030 shares in the company, valued at $907,536. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Diamondrock Hospitality Company (NYSE DRH) traded down 1.16% on Tuesday, reaching $11.08. The company’s stock had a trading volume of 1,174,974 shares. The stock’s 50 day moving average price is $11.46 and its 200 day moving average price is $11.22. Diamondrock Hospitality Company has a 12 month low of $8.73 and a 12 month high of $12.07. The company has a market cap of $2.22 billion, a P/E ratio of 22.43 and a beta of 1.38.

Diamondrock Hospitality (NYSE:DRH) last issued its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.01. The business had revenue of $243.30 million for the quarter, compared to analysts’ expectations of $240.73 million. Diamondrock Hospitality had a net margin of 11.47% and a return on equity of 5.41%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 earnings per share. Equities research analysts forecast that Diamondrock Hospitality Company will post $0.48 earnings per share for the current year.

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DRH has been the topic of several recent research reports. BidaskClub lowered Diamondrock Hospitality from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. Stifel Nicolaus upgraded Diamondrock Hospitality from a “hold” rating to a “buy” rating and raised their price target for the stock from $11.50 to $11.75 in a research report on Monday, May 15th. They noted that the move was a valuation call. Zacks Investment Research lowered Diamondrock Hospitality from a “buy” rating to a “hold” rating in a research report on Thursday, May 25th. ING Group upgraded Diamondrock Hospitality to an “outperform” rating and set a $13.00 price target on the stock in a research report on Monday, July 17th. They noted that the move was a valuation call. Finally, Boenning Scattergood restated an “underperform” rating and issued a $10.00 price target on shares of Diamondrock Hospitality in a research report on Tuesday, April 18th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. Diamondrock Hospitality currently has an average rating of “Hold” and a consensus price target of $11.56.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in shares of Diamondrock Hospitality by 4,611.0% in the first quarter. BlackRock Inc. now owns 31,087,897 shares of the real estate investment trust’s stock worth $346,632,000 after buying an additional 30,427,991 shares during the period. Vanguard Group Inc. boosted its stake in shares of Diamondrock Hospitality by 2.8% in the first quarter. Vanguard Group Inc. now owns 33,172,615 shares of the real estate investment trust’s stock worth $369,874,000 after buying an additional 895,263 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Diamondrock Hospitality by 5.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 2,106,698 shares of the real estate investment trust’s stock worth $23,490,000 after buying an additional 100,596 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in shares of Diamondrock Hospitality by 0.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 146,014 shares of the real estate investment trust’s stock worth $1,628,000 after buying an additional 1,130 shares during the period. Finally, Comerica Bank boosted its stake in shares of Diamondrock Hospitality by 4.2% in the first quarter. Comerica Bank now owns 221,366 shares of the real estate investment trust’s stock worth $2,543,000 after buying an additional 8,876 shares during the period.

About Diamondrock Hospitality

DiamondRock Hospitality Company is a real estate investment trust (REIT). As of December 31, 2016, the Company owned a portfolio of 26 hotels and resorts that contains 9,472 guest rooms located in 17 different markets in North America and the United States Virgin Islands. Its business is to acquire, own, asset manage and renovate hotel properties in the United States.

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