Stocks of Diamondrock Hospitality Co (NYSE:DRH) traded higher last session on Wall Street, up 0.82% to $7.40.
DRH stock price is now -3.20% away from the 50-day moving average and -11.94% away from the 200-day moving average. The market capitalization of the company currently stands at $1.55B.
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With the price target maintained at $9.50, BofA Securities recently Upgraded its rating from Underperform to Buy for Diamondrock Hospitality Co (NYSE: DRH). On November 22, 2024, Stifel Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $10.75 to quote $10.25, while ‘Evercore ISI’ rates the stock as ‘In-line’
In other news, Donnelly Jeffrey, Chief Executive Officer bought 10,000 shares of the company’s stock on Mar 11 ’25. The stock was bought for $79,800 at an average price of $7.98. Upon completion of the transaction, the Chief Executive Officer now directly owns 672,894 shares in the company, valued at $4.98 million. A total of 2.99% of the company’s stock is owned by insiders.
During the past 12 months, Diamondrock Hospitality Co has had a low of $6.18 and a high of $9.78. According to the stock market information, the enterprise value for the company is $2679387648, which is based on a 41.04 price-to-earnings ratio, a 1.15 price-to-earnings-growth ratio, and a beta of 1.34. The fifty day moving average price for DRH is $7.6444 and a two-hundred day moving average price translates $8.51545 for the stock.
The latest earnings results from Diamondrock Hospitality Co (NYSE: DRH) was released for 2024-12-31. The net profit margin was 3.39% and return on equity was 2.98% for DRH. The company reported revenue of $279.05 million for the quarter, compared to $263.55 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.88 percent.
