Diamondrock Hospitality Company (DRH) Director Maureen L. Mcavey Sells 6,000 Shares of Stock
Diamondrock Hospitality Company (NYSE:DRH) Director Maureen L. Mcavey sold 6,000 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $11.20, for a total value of $67,200.00. Following the sale, the director now owns 81,030 shares in the company, valued at approximately $907,536. The sale was disclosed in a filing with the SEC, which is available through this link.
Shares of Diamondrock Hospitality Company (DRH) traded up 1.08% on Wednesday, reaching $11.20. The company’s stock had a trading volume of 182,641 shares. The company has a market cap of $2.24 billion, a P/E ratio of 22.67 and a beta of 1.38. Diamondrock Hospitality Company has a 12-month low of $8.73 and a 12-month high of $12.07. The company’s 50 day moving average price is $11.45 and its 200 day moving average price is $11.22.
Diamondrock Hospitality (NYSE:DRH) last posted its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ 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 return on equity of 5.41% and a net margin of 11.47%. The business’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.31 EPS. Analysts forecast that Diamondrock Hospitality Company will post $0.46 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the stock. UBS Asset Management Americas Inc. boosted its stake in shares of Diamondrock Hospitality by 70.1% in the fourth quarter. UBS Asset Management Americas Inc. now owns 647,100 shares of the real estate investment trust’s stock worth $7,460,000 after buying an additional 266,681 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Diamondrock Hospitality by 1.2% in the fourth quarter. Teachers Advisors LLC now owns 1,430,574 shares of the real estate investment trust’s stock worth $16,495,000 after buying an additional 16,988 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Diamondrock Hospitality by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 81,500 shares of the real estate investment trust’s stock worth $909,000 after buying an additional 1,000 shares in the last quarter. Everence Capital Management Inc. bought a new stake in shares of Diamondrock Hospitality during the first quarter worth approximately $157,000. Finally, State of Alaska Department of Revenue boosted its stake in shares of Diamondrock Hospitality by 19.4% in the first quarter. State of Alaska Department of Revenue now owns 176,749 shares of the real estate investment trust’s stock worth $1,969,000 after buying an additional 28,740 shares in the last quarter.
DRH has been the topic of several research analyst 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 upped their target price for the company 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 report on Monday, July 17th. They noted that the move was a valuation call. Finally, Boenning Scattergood reiterated an “underperform” rating and issued a $10.00 price target on shares of Diamondrock Hospitality in a report on Tuesday, April 18th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. Diamondrock Hospitality has a consensus rating of “Hold” and a consensus target price of $11.56.
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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