DiamondRock Hospitality (DRH) Expected to Announce Quarterly Earnings on Thursday

DiamondRock Hospitality (NYSE:DRH) is expected to be issuing its Q1 2025 quarterly earnings data after the market closes on Thursday, May 1st. Analysts expect DiamondRock Hospitality to post earnings of $0.18 per share and revenue of $256.47 million for the quarter.

DiamondRock Hospitality Price Performance

Shares of NYSE DRH opened at $7.07 on Thursday. DiamondRock Hospitality has a one year low of $6.19 and a one year high of $10.00. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.73 and a current ratio of 1.73. The firm has a market capitalization of $1.48 billion, a P/E ratio of 25.25, a PEG ratio of 2.06 and a beta of 1.38. The company’s fifty day moving average is $7.70 and its two-hundred day moving average is $8.57.

DiamondRock Hospitality Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 4.53%. The ex-dividend date of this dividend was Friday, March 28th. This is an increase from DiamondRock Hospitality’s previous quarterly dividend of $0.03. DiamondRock Hospitality’s dividend payout ratio is 188.24%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DRH. Morgan Stanley cut their price target on DiamondRock Hospitality from $9.00 to $7.00 and set an “equal weight” rating for the company in a report on Tuesday. Wells Fargo & Company cut their target price on shares of DiamondRock Hospitality from $10.50 to $9.50 and set an “equal weight” rating for the company in a research note on Tuesday, February 18th. Finally, Stifel Nicolaus decreased their price target on shares of DiamondRock Hospitality from $9.75 to $8.00 and set a “hold” rating on the stock in a research note on Wednesday, April 16th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, DiamondRock Hospitality has a consensus rating of “Hold” and a consensus target price of $9.17.

DiamondRock Hospitality Company Profile

DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in leisure destinations and top gateway markets. The Company currently owns 36 premium quality hotels with over 9,700 rooms. The Company has strategically positioned its portfolio to be operated both under leading global brand families as well as independent boutique hotels in the lifestyle segment.