News coverage about DiamondRock Hospitality (NYSE:DRH) has trended positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. DiamondRock Hospitality earned a news impact score of 0.26 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.6719540002941 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Jay Johnson Named Executive Vice President & Chief Financial Officer for DiamondRock (hotelnewsresource.com)
- Briony Quinn (hospitalitynet.org)
- Form 8-K DiamondRock Hospitality For: Mar 12 (streetinsider.com)
- DiamondRock Names Jay Johnson New Executive Vice President & Chief Financial Officer (finance.yahoo.com)
- DiamondRock Announces Promotion Of Briony Quinn To Senior Vice President & Treasurer (finance.yahoo.com)
A number of equities research analysts have recently issued reports on DRH shares. TheStreet upgraded shares of DiamondRock Hospitality from a “c+” rating to a “b-” rating in a research report on Friday, December 29th. Boenning Scattergood reiterated a “hold” rating on shares of DiamondRock Hospitality in a research report on Wednesday, February 28th. Evercore ISI upgraded shares of DiamondRock Hospitality from an “in-line” rating to an “outperform” rating in a research report on Monday, December 4th. Finally, Morgan Stanley reduced their price target on shares of DiamondRock Hospitality from $11.00 to $10.00 and set an “underweight” rating for the company in a research report on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $11.78.
DiamondRock Hospitality (NYSE:DRH) last issued its quarterly earnings data on Monday, February 26th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.02. DiamondRock Hospitality had a return on equity of 5.02% and a net margin of 10.56%. The firm had revenue of $207.04 million during the quarter, compared to the consensus estimate of $206.36 million. During the same period in the previous year, the firm posted $0.24 EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year. analysts predict that DiamondRock Hospitality will post 1 earnings per share for the current fiscal year.
In related news, insider Mark W. Brugger acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The stock was purchased at an average cost of $9.98 per share, for a total transaction of $99,800.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.
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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