Favorable News Coverage Somewhat Unlikely to Impact Diamondrock Hospitality (DRH) Share Price

Media headlines about Diamondrock Hospitality (NYSE:DRH) have trended positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Diamondrock Hospitality earned a media sentiment score of 0.30 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.5380946700051 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Diamondrock Hospitality (NYSE DRH) opened at $11.26 on Friday. The stock has a market capitalization of $2,253.43, a PE ratio of 11.36, a price-to-earnings-growth ratio of 2.32 and a beta of 1.33. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.41 and a quick ratio of 2.41. Diamondrock Hospitality has a 12-month low of $10.43 and a 12-month high of $12.07.

Diamondrock Hospitality (NYSE:DRH) last announced its earnings results on Monday, November 6th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.25. The business had revenue of $223.50 million for the quarter, compared to analysts’ expectations of $223.30 million. Diamondrock Hospitality had a return on equity of 4.97% and a net margin of 10.47%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the firm posted $0.26 earnings per share. equities analysts anticipate that Diamondrock Hospitality will post 0.97 EPS for the current fiscal year.

Several research firms recently commented on DRH. Robert W. Baird reaffirmed a “buy” rating and set a $12.00 price objective on shares of Diamondrock Hospitality in a research report on Friday, November 10th. Evercore ISI raised Diamondrock Hospitality from an “in-line” rating to an “outperform” rating in a research report on Monday, December 4th. TheStreet cut Diamondrock Hospitality from a “b” rating to a “c+” rating in a research report on Monday, November 6th. Boenning Scattergood raised Diamondrock Hospitality from an “under perform” rating to a “neutral” rating in a research report on Friday. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $12.00 price objective on shares of Diamondrock Hospitality in a research report on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target 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.

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