The EVP & GC of Diamondrock (NYSE: DRH) is Selling Shares

By Carrie Williams

Today, the EVP & GC of Diamondrock (NYSE: DRH), William Tennis, sold shares of DRH for $383.7K.

Following William Tennis’ last DRH Sell transaction on March 03, 2014, the stock climbed by 2.5%. In addition to William Tennis, 2 other DRH executives reported Sell trades in the last month.

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DRH’s market cap is $2.57B and the company has a P/E ratio of 29.81. Currently, Diamondrock has an average volume of 297.7K.

Based on 3 analyst ratings, the analyst consensus is Hold with an average price target of $11.17, reflecting a 14.5% upside. Four different firms, including Boenning & Scattergood and Merrill Lynch, currently also have a Sell rating on the stock.

The insider sentiment on Diamondrock has been negative according to 37 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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DiamondRock Hospitality Co. is a real estate investment trust with interests in hotels and resorts portfolio. Its activities include owning and management of lodging properties. The company was founded by Mark W. Brugger, William W. McCarten, and John L. Williams in July 2004 and is headquartered in Bethesda, MD.