Shares of Diamondrock Hospitality Company (NYSE:DRH) gapped up prior to trading on Tuesday . The stock had previously closed at $10.69, but opened at $11.16. Diamondrock Hospitality shares last traded at $11.26, with a volume of 3036000 shares trading hands.

DRH has been the subject of several research analyst reports. Stifel Nicolaus reissued a “buy” rating on shares of Diamondrock Hospitality in a report on Thursday, August 10th. Robert W. Baird reissued a “buy” rating and issued a $12.00 price objective on shares of Diamondrock Hospitality in a report on Friday, November 10th. Zacks Investment Research raised Diamondrock Hospitality from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Wednesday, October 11th. TheStreet lowered Diamondrock Hospitality from a “b” rating to a “c+” rating in a report on Monday, November 6th. Finally, KeyCorp reissued a “hold” rating on shares of Diamondrock Hospitality in a report on Sunday, September 24th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $12.00.

The company has a market capitalization of $2,251.43, a PE ratio of 11.35, a price-to-earnings-growth ratio of 2.31 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 (NYSE:DRH) last released its earnings results 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. The firm had revenue of $223.50 million during the quarter, compared to the consensus estimate of $223.30 million. Diamondrock Hospitality had a return on equity of 4.97% and a net margin of 10.47%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.26 earnings per share. research analysts anticipate that Diamondrock Hospitality Company will post 0.97 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Diamondrock Hospitality by 5.1% during the 2nd quarter. Vanguard Group Inc. now owns 34,866,908 shares of the real estate investment trust’s stock valued at $381,793,000 after acquiring an additional 1,694,293 shares during the last quarter. BlackRock Inc. lifted its position in shares of Diamondrock Hospitality by 4.6% during the 2nd quarter. BlackRock Inc. now owns 32,509,608 shares of the real estate investment trust’s stock valued at $355,983,000 after acquiring an additional 1,421,711 shares during the last quarter. FMR LLC lifted its holdings in shares of Diamondrock Hospitality by 2.2% in the second quarter. FMR LLC now owns 21,377,145 shares of the real estate investment trust’s stock valued at $234,080,000 after purchasing an additional 453,851 shares in the last quarter. State Street Corp lifted its holdings in shares of Diamondrock Hospitality by 4.6% in the second quarter. State Street Corp now owns 8,067,041 shares of the real estate investment trust’s stock valued at $88,338,000 after purchasing an additional 356,960 shares in the last quarter. Finally, Resolution Capital Ltd lifted its holdings in shares of Diamondrock Hospitality by 8.0% in the third quarter. Resolution Capital Ltd now owns 7,232,784 shares of the real estate investment trust’s stock valued at $79,199,000 after purchasing an additional 535,876 shares in the last quarter.

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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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