Favorable Press Coverage Somewhat Unlikely to Impact Diamondrock Hospitality (NYSE:DRH) Share Price

Media coverage about Diamondrock Hospitality (NYSE:DRH) has been trending positive on Saturday, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Diamondrock Hospitality earned a media sentiment score of 0.32 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.7742538983335 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news stories that may have effected Accern’s analysis:

A number of equities analysts recently weighed in on the stock. ING Group upgraded shares of Diamondrock Hospitality to an “outperform” rating and set a $13.00 target price on the stock in a report on Monday, July 17th. They noted that the move was a valuation call. BidaskClub downgraded shares of Diamondrock Hospitality from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Canaccord Genuity restated a “buy” rating and set a $13.00 target price on shares of Diamondrock Hospitality in a report on Monday, August 7th. UBS AG upgraded shares of Diamondrock Hospitality from a “market perform” rating to an “outperform” rating in a report on Friday, July 14th. Finally, Raymond James Financial, Inc. upgraded shares of Diamondrock Hospitality from a “market perform” rating to an “outperform” rating and set a $13.00 target price on the stock in a report on Friday, July 14th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. Diamondrock Hospitality presently has a consensus rating of “Hold” and an average target price of $11.56.

Diamondrock Hospitality (NYSE:DRH) opened at 10.74 on Friday. The firm has a market capitalization of $2.15 billion, a P/E ratio of 21.74 and a beta of 1.38. The firm has a 50 day moving average of $11.41 and a 200 day moving average of $11.21. Diamondrock Hospitality has a 12-month low of $8.73 and a 12-month high of $12.07.

Diamondrock Hospitality (NYSE:DRH) last released its earnings results on Monday, August 7th. The real estate investment trust reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.01. The company had revenue of $243.30 million for the quarter, compared to analysts’ expectations of $240.73 million. Diamondrock Hospitality had a return on equity of 5.41% and a net margin of 11.47%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.31 EPS. On average, analysts forecast that Diamondrock Hospitality will post $0.46 EPS for the current fiscal year.

In related news, Director Maureen L. Mcavey sold 6,000 shares of Diamondrock Hospitality stock in a transaction dated 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 sale, the director now owns 81,030 shares of the company’s stock, valued at approximately $907,536. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.

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Diamondrock Hospitality Company Profile

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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