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NYSE:DRH

DiamondRock Hospitality (DRH) Stock Price, News & Analysis

$8.48
+0.10 (+1.19%)
(As of 05/24/2024 ET)
Today's Range
$8.39
$8.54
50-Day Range
$8.38
$9.80
52-Week Range
$7.33
$9.99
Volume
2.07 million shs
Average Volume
2.36 million shs
Market Capitalization
$1.78 billion
P/E Ratio
23.56
Dividend Yield
1.42%
Price Target
$10.30

DiamondRock Hospitality MarketRank™ Stock Analysis

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
21.5% Upside
$10.30 Price Target
Short Interest
Bearish
7.86% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.90mentions of DiamondRock Hospitality in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.25%
From $0.96 to $1.02 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.30 out of 5 stars

Finance Sector

729th out of 854 stocks

Real Estate Investment Trusts Industry

144th out of 174 stocks

DRH stock logo

About DiamondRock Hospitality Stock (NYSE:DRH)

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.

DRH Stock Price History

DRH Stock News Headlines

Q1 2024 Diamondrock Hospitality Co Earnings Call
DRH Jun 2024 10.000 call
Key Takeaways From Diamondrock Hospitality Analyst Ratings
Q4 2023 Diamondrock Hospitality Co Earnings Call
DiamondRock price target raised by 50c at Stifel, here's why
DRH Mar 2024 10.000 put
See More Headlines
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Company Calendar

Last Earnings
2/23/2024
Ex-Dividend for 4/12 Dividend
3/27/2024
Dividend Payable
4/12/2024
Today
5/26/2024
Next Earnings (Estimated)
8/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Specialized REITs
CUSIP
25278430
Fax
N/A
Employees
33
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$10.30
High Stock Price Target
$11.00
Low Stock Price Target
$9.00
Potential Upside/Downside
+21.5%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
5 Analysts

Profitability

Net Income
$86.34 million
Pretax Margin
7.84%

Debt

Sales & Book Value

Annual Sales
$1.07 billion
Cash Flow
$0.96 per share
Book Value
$7.85 per share

Miscellaneous

Free Float
207,123,000
Market Cap
$1.78 billion
Optionable
Optionable
Beta
1.61
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DRH Stock Analysis - Frequently Asked Questions

Should I buy or sell DiamondRock Hospitality stock right now?

5 Wall Street 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 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 target for 2024?

5 brokers have issued 1-year price objectives for DiamondRock Hospitality's stock. Their DRH share price targets range from $9.00 to $11.00. On average, they anticipate the company's share price to reach $10.30 in the next twelve months. This suggests a possible upside of 21.5% 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 2024?

DiamondRock Hospitality's stock was trading at $9.39 on January 1st, 2024. Since then, DRH shares have decreased by 9.7% and is now trading at $8.48.
View the best growth stocks for 2024 here
.

Are investors shorting DiamondRock Hospitality?

DiamondRock Hospitality saw a increase in short interest in April. As of April 30th, there was short interest totaling 16,110,000 shares, an increase of 5.6% from the April 15th total of 15,250,000 shares. Based on an average daily volume of 1,830,000 shares, the short-interest ratio is presently 8.8 days. Currently, 7.9% of the shares of the 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 Thursday, August 1st 2024.
View our DRH earnings forecast
.

How were DiamondRock Hospitality's earnings last quarter?

DiamondRock Hospitality (NYSE:DRH) issued its quarterly earnings data 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 had revenue of $263.50 million for the quarter, compared to the consensus estimate of $261.45 million. DiamondRock Hospitality had a net margin of 7.86% and a trailing twelve-month return on equity of 5.20%. The business's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.23 EPS.

How often does DiamondRock Hospitality pay dividends? What is the dividend yield for DiamondRock Hospitality?

DiamondRock Hospitality announced 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 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Wednesday, March 27th.
Read our dividend analysis for DRH
.

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 1.43%. The company does not yet have a strong track record of dividend growth. 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 11.76% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DRH.

What guidance has DiamondRock Hospitality issued on next quarter's earnings?

DiamondRock Hospitality issued an update on its FY24 earnings guidance on Thursday, May, 2nd. The company provided earnings per share guidance of $0.91-$1.00 for the period, compared to the consensus earnings per share estimate of $0.96.

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).

Who are DiamondRock Hospitality's major shareholders?

DiamondRock Hospitality's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (16.79%), Pzena Investment Management LLC (4.29%), Principal Financial Group Inc. (4.20%), Centersquare Investment Management LLC (3.00%), BROOKFIELD Corp ON (0.71%) and Russell Investments Group Ltd. (0.27%).
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:DRH) was last updated on 5/26/2024 by MarketBeat.com Staff

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