DiamondRock Hospitality (DRH) Stock Price, News & Analysis

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for DiamondRock Hospitality in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" DRH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DRH, but not buy additional shares or sell existing shares.
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5 analysts have issued 12-month price objectives for DiamondRock Hospitality's shares. Their DRH share price targets range from $9.00 to $11.00. On average, they expect the company's share price to reach $10.30 in the next twelve months. This suggests a possible upside of 13.3% from the stock's current price.
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DiamondRock Hospitality's stock was trading at $9.39 on January 1st, 2024. Since then, DRH shares have decreased by 3.2% and is now trading at $9.09.
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DiamondRock Hospitality saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 13,290,000 shares, a decline of 16.5% from the March 15th total of 15,910,000 shares. Based on an average daily volume of 1,580,000 shares, the short-interest ratio is presently 8.4 days. Currently, 6.5% of the shares of the company are sold short.
View DiamondRock Hospitality's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our DRH earnings forecast.

DiamondRock Hospitality will be holding an earnings conference call on Friday, May 3rd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

DiamondRock Hospitality (NYSE:DRH) posted its quarterly earnings results on Friday, February, 23rd. The real estate investment trust reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by $0.14. The real estate investment trust earned $263.50 million during the quarter, compared to analysts' expectations of $261.45 million. DiamondRock Hospitality had a trailing twelve-month return on equity of 5.29% and a net margin of 8.03%. The firm's revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.23 EPS.

DiamondRock Hospitality declared a quarterly dividend on Monday, March 4th. Investors of record on Friday, March 29th will be paid a dividend of $0.03 per share on Friday, April 12th. This represents a $0.12 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Wednesday, March 27th.
Read our dividend analysis for DRH.

DiamondRock Hospitality (NYSE:DRH) pays an annual dividend of $0.12 per share and currently has a dividend yield of 1.36%. The dividend payout ratio is 33.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DRH will have a dividend payout ratio of 11.88% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DRH.

ETFs with the largest weight of DiamondRock Hospitality (NYSE:DRH) stock in their portfolio include SRH REIT Covered Call ETF (SRHR), Principal Real Estate Active Opportunities ETF (BYRE), Fidelity Real Estate Investment ETF (FPRO), Nuveen Short-Term REIT ETF (NURE), Cambria Global Real Estate ETF (BLDG), Kelly Hotel & Lodging Sector ETF (HOTL), JPMorgan Realty Income ETF (JPRE) and Intelligent Real Estate ETF (PRVT).

DiamondRock Hospitality issued an update on its FY 2024 earnings guidance on Monday, April, 15th. The company provided earnings per share guidance of 0.880-1.020 for the period, compared to the consensus estimate of 0.960. The company issued revenue guidance of -.

3 employees have rated DiamondRock Hospitality Chief Executive Officer Mark W. Brugger on Glassdoor.com. Mark W. Brugger has an approval rating of 100% among the company's employees. This puts Mark W. Brugger in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other DiamondRock Hospitality investors own include Energy Transfer (ET), InterDigital (IDCC), STAG Industrial (STAG), AT&T (T), CBL & Associates Properties (CBL), Ford Motor (F), General Electric (GE), NGL Energy Partners (NGL), Invesco Mortgage Capital (IVR) and Annaly Capital Management (NLY).

DiamondRock Hospitality's stock is owned by a variety of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.11%), Diversified Trust Co (0.03%), Allspring Global Investments Holdings LLC (0.02%) and Hazelview Securities Inc. (0.00%).
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Shares of DRH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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