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Actionable news in DRH: DIAMONDROCK HOSPITALITY COMPANY,

DiamondRock Hospitality (DRH) Stock Closed Up on Q1 Results

NEW YORK (TheStreet) -- Shares of DiamondRock Hospitality (DRH - Get Report) closed higher by 3.61% to $9.47 on heavy trading volume on Friday, after the Bethesda, MD-based company reported mixed results for the 2016 first quarter.

Before today's market open, the hotel real estate investment trust posted adjusted funds from operations of 21 cents per share, surpassing analysts' estimates of 18 cents per share.

Funds from operations is a key metric in the REIT industry, which takes net income and adds back items such as depreciation and amortization.

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