NYSE:DRH DiamondRock Hospitality (DRH) Stock Forecast, Price & News $8.48 -0.01 (-0.12%) (As of 06/8/2023 ET) Add Compare Share Share Today's Range$8.32▼$8.5050-Day Range$7.69▼$8.4952-Week Range$7.14▼$10.83Volume1.64 million shsAverage Volume2.22 million shsMarket Capitalization$1.78 billionP/E Ratio18.84Dividend Yield1.42%Price Target$9.94 ProfileProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media DiamondRock Hospitality MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside17.2% Upside$9.94 Price TargetShort InterestBearish5.93% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.97Based on 6 Articles This WeekInsider TradingN/AProj. Earnings Growth5.00%From $1.00 to $1.05 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.89 out of 5 starsFinance Sector690th out of 858 stocksReal Estate Investment Trusts Industry152nd out of 190 stocks 2.3 Analyst's Opinion Consensus RatingDiamondRock Hospitality has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $9.94, DiamondRock Hospitality has a forecasted upside of 17.2% from its current price of $8.48.Amount of Analyst CoverageDiamondRock Hospitality has only been the subject of 2 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted5.93% of the float of DiamondRock Hospitality has been sold short.Short Interest Ratio / Days to CoverDiamondRock Hospitality has a short interest ratio ("days to cover") of 4.8.Change versus previous monthShort interest in DiamondRock Hospitality has recently increased by 4.26%, indicating that investor sentiment is decreasing. Previous Next 2.5 Dividend Strength Dividend YieldDiamondRock Hospitality pays a meaningful dividend of 1.41%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthDiamondRock Hospitality does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of DiamondRock Hospitality is 26.67%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, DiamondRock Hospitality will have a dividend payout ratio of 11.43% next year. This indicates that DiamondRock Hospitality will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for DRH. Previous Next 2.8 News and Social Media Coverage News SentimentDiamondRock Hospitality has a news sentiment score of 0.97. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 6 news articles for DiamondRock Hospitality this week, compared to 2 articles on an average week. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, DiamondRock Hospitality insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.40% of the stock of DiamondRock Hospitality is held by insiders. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for DiamondRock Hospitality are expected to grow by 5.00% in the coming year, from $1.00 to $1.05 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of DiamondRock Hospitality is 18.84, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.18.Price to Earnings Ratio vs. SectorThe P/E ratio of DiamondRock Hospitality is 18.84, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 144.64.Price to Earnings Growth RatioDiamondRock Hospitality has a PEG Ratio of 5.27. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioDiamondRock Hospitality has a P/B Ratio of 1.12. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About DiamondRock Hospitality (NYSE:DRH) StockDiamondRock Hospitality Co. is a real estate investment trust which focuses on lodging properties. It engages in the acquisition, ownership, asset management, and renovation of hotels and resorts. Its brands include Autograph Collection Hotels, Courtyard Marriott, Hilton Garden Inn, Hilton Hotels & Resorts, JW Marriott, and Kimpton Hotels & Restaurants. The company was founded by Mark W. Brugger, William W. McCarten, and John L. Williams in 2004 and is headquartered in Bethesda, MD.Read More Receive DRH Stock News and Ratings via Email Sign-up to receive the latest news and ratings for DiamondRock Hospitality and its competitors with MarketBeat's FREE daily newsletter. Email Address DRH Stock News HeadlinesJune 7, 2023 | americanbankingnews.comDiamondRock Hospitality to Issue Quarterly Dividend of $0.03 (NYSE:DRH)June 5, 2023 | msn.comDiamondrock Hospitality (DRH) Declares $0.03 DividendJune 8, 2023 | Legacy Research (Affiliate) (Ad)Sell Every Stock, Except ONE (Ticker Revealed)We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.June 1, 2023 | msn.comDiamondRock Hospitality Company declares $0.03 dividendJune 1, 2023 | finance.yahoo.comDIAMONDROCK HOSPITALITY COMPANY DECLARES DIVIDENDS FOR SECOND QUARTER 2023May 19, 2023 | americanbankingnews.comAnalysts Set DiamondRock Hospitality (NYSE:DRH) PT at $10.06May 18, 2023 | americanbankingnews.comDiamondRock Hospitality (NYSE:DRH) Research Coverage Started at StockNews.comMay 17, 2023 | americanbankingnews.comDiamondRock Hospitality (NYSE:DRH) vs. Arbor Realty Trust (NYSE:ABR) Financial ComparisonJune 8, 2023 | Legacy Research (Affiliate) (Ad)Sell Every Stock, Except ONE (Ticker Revealed)We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.May 16, 2023 | americanbankingnews.comContrasting One Liberty Properties (NYSE:OLP) & DiamondRock Hospitality (NYSE:DRH)May 9, 2023 | americanbankingnews.comDiamondRock Hospitality (NYSE:DRH) Lowered to Sell at StockNews.comMay 6, 2023 | finance.yahoo.comQ1 2023 Diamondrock Hospitality Co Earnings CallMay 5, 2023 | seekingalpha.comDiamondRock Hospitality Company (DRH) Q1 2023 Earnings Call TranscriptMay 5, 2023 | finance.yahoo.comDiamondRock Hospitality (DRH) Reports Q1 Earnings: What Key Metrics Have to SayMay 4, 2023 | msn.comDiamondRock Hospitality FFO of $0.18 in-line, revenue of $240.4M beats by $5MMay 4, 2023 | finance.yahoo.comDiamondRock Hospitality (DRH) Tops Q1 FFO and Revenue EstimatesMay 2, 2023 | americanbankingnews.comDiamondRock Hospitality (DRH) Scheduled to Post Quarterly Earnings on ThursdayApril 30, 2023 | americanbankingnews.comContrasting Cherry Hill Mortgage Investment (NYSE:CHMI) and DiamondRock Hospitality (NYSE:DRH)April 26, 2023 | seekingalpha.comNavigating The REIT Landscape: A Spotlight On DiamondRock HospitalityApril 19, 2023 | seekingalpha.comDRH.PA DiamondRock Hospitality Company 8.25 SR A PFD SHApril 18, 2023 | americanbankingnews.comDiamondRock Hospitality Forecasted to Post Q1 2023 Earnings of $0.16 Per Share (NYSE:DRH)April 15, 2023 | thestreet.comDiamondRock Hospitality (DRH) Stock Rises Despite Q2 MissApril 1, 2023 | americanbankingnews.comDiamondRock Hospitality (NYSE:DRH) Shares Gap Up to $7.73April 1, 2023 | americanbankingnews.comDiamondRock Hospitality (NYSE:DRH) Given Average Rating of "Hold" by BrokeragesMarch 31, 2023 | americanbankingnews.comDiamondRock Hospitality (NYSE:DRH) Upgraded by Wells Fargo & Company to "Overweight"March 30, 2023 | americanbankingnews.comCitigroup Cuts DiamondRock Hospitality (NYSE:DRH) Price Target to $8.00March 28, 2023 | americanbankingnews.comDiamondRock Hospitality (DRH) To Go Ex-Dividend on March 30thSee More Headlines DRH Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart DRH Company Calendar Last Earnings5/05/2022Ex-Dividend for 4/12 Dividend3/30/2023Dividend Payable4/12/2023Today6/08/2023Ex-Dividend for 7/12 Dividend6/29/2023Dividend Payable7/12/2023Next Earnings (Estimated)8/02/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustrySpecialized REITs SectorFinance Current SymbolNYSE:DRH CUSIP25278430 CIK1298946 Webwww.drhc.com Phone(240) 744-1150FaxN/AEmployees28Year FoundedN/APrice Target and Rating Average Stock Price Forecast$9.94 High Stock Price Forecast$11.00 Low Stock Price Forecast$8.00 Forecasted Upside/Downside+17.2%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$0.45 Trailing P/E Ratio18.84 Forward P/E Ratio8.48 P/E Growth5.27Net Income$109.33 million Net Margins10.35% Pretax Margin10.61% Return on Equity6.80% Return on Assets3.36% Debt Debt-to-Equity Ratio0.74 Current Ratio1.80 Quick Ratio1.80 Sales & Book Value Annual Sales$1.00 billion Price / Sales1.78 Cash Flow$1.04 per share Price / Cash Flow8.12 Book Value$7.57 per share Price / Book1.12Miscellaneous Outstanding Shares209,790,000Free Float206,852,000Market Cap$1.78 billion OptionableOptionable Beta1.65 Key ExecutivesMark W. BruggerPresident, Chief Executive Officer & DirectorJustin L. LeonardChief Operating Officer & Executive Vice PresidentJeff DonnellyChief Financial Officer & Executive Vice PresidentWilliam J. TennisSecretary, Executive VP & General CounselTroy G. FurbayChief Investment Officer & Executive VPKey CompetitorsPebblebrook Hotel TrustNYSE:PEBRLJ Lodging TrustNYSE:RLJService Properties TrustNASDAQ:SVCLTC PropertiesNYSE:LTCNational Health InvestorsNYSE:NHIView All CompetitorsInstitutional OwnershipMacquarie Group Ltd.Bought 140,057 shares on 6/1/2023Ownership: 3.279%ProShare Advisors LLCSold 2,693 shares on 5/26/2023Ownership: 0.014%Ameriprise Financial Inc.Bought 372,931 shares on 5/22/2023Ownership: 0.614%JPMorgan Chase & Co.Bought 2,697,132 shares on 5/18/2023Ownership: 2.250%New York State Common Retirement FundSold 4,051 shares on 5/18/2023Ownership: 0.070%View All Institutional Transactions DRH Stock - Frequently Asked Questions Should I buy or sell DiamondRock Hospitality stock right now? 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for DiamondRock Hospitality in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" DRH shares. View DRH analyst ratings or view top-rated stocks. What is DiamondRock Hospitality's stock price forecast for 2023? 6 Wall Street analysts have issued 1 year price objectives for DiamondRock Hospitality's stock. Their DRH share price forecasts range from $8.00 to $11.00. On average, they anticipate the company's share price to reach $9.94 in the next twelve months. This suggests a possible upside of 17.2% from the stock's current price. View analysts price targets for DRH or view top-rated stocks among Wall Street analysts. How have DRH shares performed in 2023? DiamondRock Hospitality's stock was trading at $8.19 at the beginning of the year. Since then, DRH stock has increased by 3.5% and is now trading at $8.48. View the best growth stocks for 2023 here. Are investors shorting DiamondRock Hospitality? DiamondRock Hospitality saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 11,740,000 shares, an increase of 26.4% from the April 15th total of 9,290,000 shares. Based on an average daily volume of 2,360,000 shares, the short-interest ratio is currently 5.0 days. Approximately 5.7% of the company's stock are sold short. View DiamondRock Hospitality's Short Interest. When is DiamondRock Hospitality's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023. View our DRH earnings forecast. How were DiamondRock Hospitality's earnings last quarter? DiamondRock Hospitality (NYSE:DRH) issued its earnings results on Thursday, May, 5th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by $0.03. The real estate investment trust had revenue of $196.80 million for the quarter, compared to analyst estimates of $179.36 million. DiamondRock Hospitality had a net margin of 10.35% and a trailing twelve-month return on equity of 6.80%. The company's revenue for the quarter was up 170.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.12) EPS. How often does DiamondRock Hospitality pay dividends? What is the dividend yield for DiamondRock Hospitality? DiamondRock Hospitality announced a quarterly dividend on Thursday, June 1st. Investors of record on Friday, June 30th will be paid a dividend of $0.03 per share on Wednesday, July 12th. This represents a $0.12 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, June 29th. Read our dividend analysis for DRH. What ETFs hold DiamondRock Hospitality's stock? ETFs with the largest weight of DiamondRock Hospitality (NYSE:DRH) stock in their portfolio include Principal Real Estate Active Opportunities ETF (BYRE), Fidelity Real Estate Investment ETF (FPRO), Kelly Hotel & Lodging Sector ETF (HOTL), Nuveen Short-Term REIT ETF (NURE), Invesco S&P SmallCap Financials ETF (PSCF), JPMorgan Realty Income ETF (JPRE), First Trust Small Cap Value AlphaDEX Fund (FYT) and iShares S&P Small-Cap 600 Value ETF (IJS). Is DiamondRock Hospitality a good dividend stock? DiamondRock Hospitality (NYSE:DRH) pays an annual dividend of $0.12 per share and currently has a dividend yield of 1.41%. The dividend payout ratio is 26.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DRH will have a dividend payout ratio of 11.43% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for DRH. What is Mark W. Brugger's approval rating as DiamondRock Hospitality's CEO? 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. What other stocks do shareholders of DiamondRock Hospitality own? 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). What is DiamondRock Hospitality's stock symbol? DiamondRock Hospitality trades on the New York Stock Exchange (NYSE) under the ticker symbol "DRH." Who are DiamondRock Hospitality's major shareholders? DiamondRock Hospitality's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (18.86%), FMR LLC (6.79%), State Street Corp (6.55%), Principal Financial Group Inc. (4.37%), Macquarie Group Ltd. (3.28%) and Macquarie Group Ltd. (3.28%). Insiders that own company stock include Briony R Quinn, Jeffrey Donnelly, Mark W Brugger and William J Tennis. View institutional ownership trends. How do I buy shares of DiamondRock Hospitality? Shares of DRH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is DiamondRock Hospitality's stock price today? One share of DRH stock can currently be purchased for approximately $8.48. How much money does DiamondRock Hospitality make? DiamondRock Hospitality (NYSE:DRH) has a market capitalization of $1.78 billion and generates $1.00 billion in revenue each year. The real estate investment trust earns $109.33 million in net income (profit) each year or $0.45 on an earnings per share basis. How can I contact DiamondRock Hospitality? DiamondRock Hospitality's mailing address is 2 BETHESDA METRO CENTER SUITE 1400, BETHESDA MD, 20814. The official website for the company is www.drhc.com. The real estate investment trust can be reached via phone at (240) 744-1150 or via email at info@drhc.com. This page (NYSE:DRH) was last updated on 6/8/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding DiamondRock Hospitality Please log in to your account or sign up in order to add this asset to your watchlist. 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