Media stories about DiamondRock Hospitality Company (NYSE:DRH) have trended somewhat positive this week, according to AlphaOne Sentiment. The research group, a division of Accern, identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. DiamondRock Hospitality Company earned a coverage optimism score of 0.10 on AlphaOne’s scale. AlphaOne also gave press coverage about the real estate investment trust an impact score of 75 out of 100, meaning that recent press coverage is likely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Alpha One’s scoring:
- DiamondRock Hospitality Company to Post Q2 2017 Earnings of $0.27 Per Share, SunTrust Banks Forecasts (DRH) (americanbankingnews.com)
- DiamondRock Hospitality Company (DRH) Earns “Underperform” Rating from Boenning Scattergood (americanbankingnews.com)
- DiamondRock Hospitality Co. breached its 50 day moving average in a Bullish Manner : DRH-US : April 18, 2017 (finance.yahoo.com)
- DiamondRock Hospitality Company (DRH) Given Media Sentiment Rating of 0.16 (americanbankingnews.com)
DiamondRock Hospitality Company (NYSE:DRH) traded down 1.07% during midday trading on Friday, reaching $11.12. 1,499,724 shares of the company traded hands. The company has a 50-day moving average price of $10.96 and a 200-day moving average price of $10.69. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 19.51 and a beta of 1.28. DiamondRock Hospitality Company has a 12-month low of $8.22 and a 12-month high of $12.00.
DiamondRock Hospitality Company (NYSE:DRH) last issued its earnings results on Wednesday, February 22nd. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.01. DiamondRock Hospitality Company had a return on equity of 6.37% and a net margin of 12.62%. The firm had revenue of $206.62 million for the quarter, compared to analysts’ expectations of $210.85 million. During the same quarter last year, the business earned $0.26 earnings per share. The company’s revenue was down 11.6% compared to the same quarter last year. On average, analysts predict that DiamondRock Hospitality Company will post $0.50 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 12th. Shareholders of record on Friday, March 31st were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date of this dividend was Wednesday, March 29th. DiamondRock Hospitality Company’s dividend payout ratio (DPR) is currently 84.75%.
Several equities analysts have recently issued reports on the stock. Boenning Scattergood reissued an “underperform” rating and set a $10.00 price target on shares of DiamondRock Hospitality Company in a report on Tuesday. Goldman Sachs Group Inc assumed coverage on shares of DiamondRock Hospitality Company in a report on Monday, April 10th. They set a “neutral” rating and a $11.00 price target for the company. Canaccord Genuity reissued a “buy” rating and set a $13.00 price target on shares of DiamondRock Hospitality Company in a report on Monday, March 6th. Evercore ISI downgraded shares of DiamondRock Hospitality Company from a “hold” rating to an “underperform” rating in a report on Friday, March 3rd. Finally, Barclays PLC reissued a “buy” rating and set a $12.00 price target on shares of DiamondRock Hospitality Company in a report on Tuesday, February 14th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. DiamondRock Hospitality Company has an average rating of “Hold” and an average target price of $11.05.
DiamondRock Hospitality Company 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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