Positive Press Coverage Somewhat Unlikely to Impact DiamondRock Hospitality (NYSE:DRH) Stock Price

Media stories about DiamondRock Hospitality (NYSE:DRH) have trended positive on Thursday, according to Accern Sentiment. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. 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 media sentiment score of 0.33 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.559006843487 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the media stories that may have effected Accern Sentiment’s rankings:

Shares of DiamondRock Hospitality (NYSE DRH) traded up $0.11 during trading on Thursday, reaching $11.45. 1,428,500 shares of the company were exchanged, compared to its average volume of 1,494,357. DiamondRock Hospitality has a one year low of $10.43 and a one year high of $12.07. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $2,245.42, a P/E ratio of 25.44, a P/E/G ratio of 2.27 and a beta of 1.33.

DiamondRock Hospitality (NYSE:DRH) last released its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.25. DiamondRock Hospitality had a net margin of 10.47% and a return on equity of 4.97%. The company had revenue of $223.50 million for the quarter, compared to analysts’ expectations of $223.30 million. During the same quarter last year, the company earned $0.26 earnings per share. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. analysts predict that DiamondRock Hospitality will post 0.97 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.50 dividend on an annualized basis and a yield of 4.37%. DiamondRock Hospitality’s payout ratio is currently 111.11%.

A number of equities research analysts have weighed in on the stock. Robert W. Baird reiterated a “buy” rating and set a $12.00 price target on shares of DiamondRock Hospitality in a research report on Friday, November 10th. Evercore ISI raised shares of DiamondRock Hospitality from an “in-line” rating to an “outperform” rating in a research note on Monday, December 4th. TheStreet lowered shares of DiamondRock Hospitality from a “b” rating to a “c+” rating in a research note on Monday, November 6th. Boenning Scattergood raised shares of DiamondRock Hospitality from an “under perform” rating to a “neutral” rating in a research note on Friday, December 8th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $12.00 price objective on shares of DiamondRock Hospitality in a research note on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $12.00.

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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.

Insider Buying and Selling by Quarter for DiamondRock Hospitality (NYSE:DRH)

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