DiamondRock Hospitality (DRH) Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for DiamondRock Hospitality in the last year. 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.
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6 brokers have issued twelve-month target prices for DiamondRock Hospitality's shares. Their DRH share price forecasts range from $8.00 to $11.00. On average, they predict the company's stock price to reach $9.94 in the next twelve months. This suggests a possible upside of 19.7% from the stock's current price.
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DiamondRock Hospitality's stock was trading at $8.19 at the start of the year. Since then, DRH stock has increased by 1.3% and is now trading at $8.30.
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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 trading volume of 2,360,000 shares, the days-to-cover ratio is presently 5.0 days. Approximately 5.7% of the company's shares are sold short.
View DiamondRock Hospitality's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our DRH earnings forecast.

DiamondRock Hospitality (NYSE:DRH) announced its quarterly 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 firm's revenue for the quarter was up 170.0% compared to the same quarter last year. During the same period last year, the business earned ($0.12) earnings per share.

DiamondRock Hospitality announced a quarterly dividend on Thursday, March 2nd. Shareholders of record on Friday, March 31st will be given a dividend of $0.03 per share on Wednesday, April 12th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Thursday, March 30th.
Read our dividend analysis for DRH.

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).

DiamondRock Hospitality (NYSE:DRH) pays an annual dividend of $0.12 per share and currently has a dividend yield of 1.52%. 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 11.32% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DRH.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "DRH."

DiamondRock Hospitality's stock is owned by a number of institutional and retail investors. Top institutional shareholders 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.
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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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DRH stock can currently be purchased for approximately $8.30.

DiamondRock Hospitality (NYSE:DRH) has a market capitalization of $1.74 billion and generates $1.05 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.

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.