NYSE:DRH DiamondRock Hospitality (DRH) Stock Forecast, Price & News $8.07 +0.04 (+0.50%) (As of 04:00 PM ET) Add Compare Share Share Today's Range$7.98▼$8.1150-Day Range$7.51▼$8.5052-Week Range$7.14▼$10.02Volume3.03 million shsAverage Volume2.24 million shsMarket Capitalization$1.69 billionP/E Ratio20.69Dividend Yield1.49%Price Target$9.75 ProfileProfileAnalyst RatingsChartCompetitorsDividendFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media DiamondRock Hospitality MarketRank™ ForecastAnalyst RatingHold2.40 Rating ScoreUpside/Downside21.1% Upside$9.75 Price TargetShort InterestHealthy7.69% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment1.43Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth5.32%From $0.94 to $0.99 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.2.16 out of 5 starsFinance Sector597th out of 878 stocksReal Estate Investment Trusts Industry127th out of 183 stocks 2.2 Analyst's Opinion Consensus RatingDiamondRock Hospitality has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $9.75, DiamondRock Hospitality has a forecasted upside of 21.1% from its current price of $8.05.Amount of Analyst CoverageDiamondRock Hospitality has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted7.69% 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 7.3.Change versus previous monthShort interest in DiamondRock Hospitality has recently decreased by 10.04%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldDiamondRock Hospitality pays a meaningful dividend of 1.49%, 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 30.77%. 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 12.12% 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 3.6 News and Social Media Coverage News SentimentDiamondRock Hospitality has a news sentiment score of 1.43. 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 0.71 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 3 news articles for DiamondRock Hospitality this week, compared to 2 articles on an average week.MarketBeat Follows89 people have added DiamondRock Hospitality to their MarketBeat watchlist in the last 30 days. This is an increase of 4,350% compared to the previous 30 days. 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 5.32% in the coming year, from $0.94 to $0.99 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of DiamondRock Hospitality is 20.64, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.33.Price to Earnings Ratio vs. SectorThe P/E ratio of DiamondRock Hospitality is 20.64, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 59.87.Price to Book Value per Share RatioDiamondRock Hospitality has a P/B Ratio of 1.06. 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 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.Read More DRH Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart DRH Stock News HeadlinesSeptember 15, 2023 | msn.comTruist Securities Maintains Diamondrock Hospitality (DRH) Hold RecommendationSeptember 12, 2023 | finance.yahoo.comDIAMONDROCK HOSPITALITY PROVIDES UPDATED INVESTOR PRESENTATIONOctober 2, 2023 | Goldco (Ad)Biden's Digital Dollar NightmareOn July 20th, 2023, the Federal Reserve launched FedNow, which could spark the fuse for a Digital Dollar. If a Digital Dollar happens, the government could: Monitor every transaction, keep track of your spending habits, and potentially control your individual choices… Which MAY steal your freedoms in one way or another. And if you don’t plan for this now... 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September 12, 2023 | seekingalpha.comDiamondRock Hospitality estimates fall in Q3 revenue generated per roomSeptember 6, 2023 | finance.yahoo.comDIAMONDROCK HOSPITALITY COMPANY DECLARES DIVIDENDS FOR THIRD QUARTER 2023August 16, 2023 | msn.comDiamondRock Hospitality: Undervalued Thanks To Room Pricing Strategies And Hotel EnhancementsAugust 7, 2023 | finance.yahoo.comDiamondRock Hospitality Company (NYSE:DRH) Q2 2023 Earnings Call TranscriptAugust 4, 2023 | finance.yahoo.comHere's What Key Metrics Tell Us About DiamondRock Hospitality (DRH) Q2 EarningsOctober 2, 2023 | Goldco (Ad)Biden's Digital Dollar NightmareOn July 20th, 2023, the Federal Reserve launched FedNow, which could spark the fuse for a Digital Dollar. If a Digital Dollar happens, the government could: Monitor every transaction, keep track of your spending habits, and potentially control your individual choices… Which MAY steal your freedoms in one way or another. And if you don’t plan for this now... 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August 2, 2023 | finance.yahoo.comDIAMONDROCK ACQUIRES CHICO HOT SPRINGS RESORTAugust 1, 2023 | finance.yahoo.comDIAMONDROCK HOSPITALITY DEBUTS THE DAGNY IN BOSTONJuly 12, 2023 | msn.comWells Fargo Maintains Diamondrock Hospitality (DRH) Overweight RecommendationJuly 12, 2023 | benzinga.comWells Fargo Maintains Overweight on Diamondrock Hospitality, Raises Price Target to $10July 1, 2023 | benzinga.comDiamondrock Hospitality Stock (NYSE:DRH), Insider Trading ActivityJune 27, 2023 | markets.businessinsider.comMorgan Stanley Keeps Their Hold Rating on Diamondrock (DRH)June 27, 2023 | msn.comMorgan Stanley Reiterates Diamondrock Hospitality (DRH) Equal-Weight RecommendationJune 22, 2023 | finance.yahoo.comImplied Volatility Surging for DiamondRock Hospitality (DRH) Stock OptionsJune 5, 2023 | msn.comDiamondrock Hospitality (DRH) Declares $0.03 DividendJune 1, 2023 | msn.comDiamondRock Hospitality Company declares $0.03 dividendJune 1, 2023 | finance.yahoo.comDIAMONDROCK HOSPITALITY COMPANY DECLARES DIVIDENDS FOR SECOND QUARTER 2023May 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 EstimatesApril 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 SHSee More Headlines 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 Company Calendar Last Earnings5/05/2022Ex-Dividend for 7/12 Dividend6/29/2023Dividend Payable7/12/2023Ex-Dividend for 10/12 Dividend9/28/2023Today10/02/2023Dividend Payable10/12/2023Next Earnings (Confirmed)11/01/2023Fiscal 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/AEmployees30Year FoundedN/APrice Target and Rating Average Stock Price Forecast$9.75 High Stock Price Forecast$11.00 Low Stock Price Forecast$8.00 Forecasted Upside/Downside+21.3%Consensus RatingHold Rating Score (0-4)2.40 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$0.39 Trailing P/E Ratio20.62 Forward P/E Ratio8.55 P/E GrowthN/ANet Income$109.33 million Net Margins8.97% Pretax Margin9.21% Return on Equity5.91% Return on Assets2.92% Debt Debt-to-Equity Ratio0.72 Current Ratio1.88 Quick Ratio1.88 Sales & Book Value Annual Sales$1.00 billion Price / Sales1.68 Cash Flow$1.05 per share Price / Cash Flow7.68 Book Value$7.57 per share Price / Book1.06Miscellaneous Outstanding Shares209,630,000Free Float206,692,000Market Cap$1.69 billion OptionableOptionable Beta1.62 (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. Get This Free Report Key ExecutivesMr. Mark W. Brugger (Age 53)Co-Founder, Pres, CEO & Director Comp: $2.92MMr. Jeffrey John Donnelly C.F.A. (Age 52)Exec. VP & CFO Comp: $1.3MMr. Justin L. Leonard (Age 45)Exec. VP of Asset Management & COO Comp: $1.25MMr. Troy G. Furbay (Age 56)Exec. VP & Chief Investment Officer Comp: $1.28MMr. William J. Tennis (Age 68)Exec. VP, Gen. Counsel & Corp. Sec. Comp: $1.15MMr. Dustin ResnickVP of Acquisitions and InvestmentsMs. Briony R. Quinn CPA (Age 52)Sr. VP & Treasurer More ExecutivesKey CompetitorsPebblebrook Hotel TrustNYSE:PEBRLJ Lodging TrustNYSE:RLJLTC PropertiesNYSE:LTCService Properties TrustNASDAQ:SVCCoreCivicNYSE:CXWView All CompetitorsInstitutional OwnershipCalifornia State Teachers Retirement SystemSold 6,339 shares on 8/21/2023Ownership: 0.122%Teachers Retirement System of The State of KentuckyBought 3,705 shares on 8/21/2023Ownership: 0.031%BOKF NABought 7,017 shares on 8/21/2023Ownership: 0.003%Nuveen Asset Management LLCSold 59,900 shares on 8/16/2023Ownership: 1.125%State of Tennessee Treasury DepartmentSold 4,314 shares on 8/15/2023Ownership: 0.059%View All Institutional Transactions DRH Stock - Frequently Asked Questions Should I buy or sell DiamondRock Hospitality stock right now? 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. View DRH analyst ratings or view top-rated stocks. What is DiamondRock Hospitality's stock price forecast for 2023? 5 analysts have issued 12 month price targets 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 $9.75 in the next year. This suggests a possible upside of 21.3% 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 on January 1st, 2023. Since then, DRH stock has decreased by 1.8% and is now trading at $8.04. View the best growth stocks for 2023 here. Are investors shorting DiamondRock Hospitality? DiamondRock Hospitality saw a decline in short interest in the month of September. As of September 15th, there was short interest totaling 15,860,000 shares, a decline of 10.0% from the August 31st total of 17,630,000 shares. Based on an average daily volume of 2,170,000 shares, the days-to-cover ratio is currently 7.3 days. Currently, 7.7% of the company's stock are short sold. 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, November 1st 2023. View our DRH earnings forecast. How can I listen to DiamondRock Hospitality's earnings call? DiamondRock Hospitality will be holding an earnings conference call on Wednesday, November 1st at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link. How were DiamondRock Hospitality's earnings last quarter? DiamondRock Hospitality (NYSE:DRH) announced its quarterly earnings results on Thursday, May, 5th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.03. The real estate investment trust earned $196.80 million during the quarter, compared to analysts' expectations of $179.36 million. DiamondRock Hospitality had a trailing twelve-month return on equity of 5.91% and a net margin of 8.97%. The company's revenue for the quarter was up 170.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.12) EPS. How often does DiamondRock Hospitality pay dividends? What is the dividend yield for DiamondRock Hospitality? DiamondRock Hospitality declared a quarterly dividend on Wednesday, September 6th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.03 per share on Thursday, October 12th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Thursday, September 28th. 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), Nuveen Short-Term REIT ETF (NURE), Kelly Hotel & Lodging Sector ETF (HOTL), JPMorgan Realty Income ETF (JPRE) and Private Real Estate Strategy via Liquid REITs ETF (PRVT).SPDR S&P 600 Small Cap ETF (SLY). 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 1.49%. The dividend payout ratio is 30.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DRH will have a dividend payout ratio of 12.12% 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." 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 $8.04. How much money does DiamondRock Hospitality make? DiamondRock Hospitality (NYSE:DRH) has a market capitalization of $1.69 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 $0.39 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 10/2/2023 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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