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NYSE:DRH

DiamondRock Hospitality (DRH) Stock Forecast, Price & News

$7.73
-0.17 (-2.15%)
(As of 09/26/2023 ET)
Compare
Today's Range
$7.72
$7.90
50-Day Range
$7.51
$8.50
52-Week Range
$7.14
$10.02
Volume
2.99 million shs
Average Volume
2.22 million shs
Market Capitalization
$1.62 billion
P/E Ratio
19.82
Dividend Yield
1.55%
Price Target
$9.75

DiamondRock Hospitality MarketRank™ Forecast

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
26.1% Upside
$9.75 Price Target
Short Interest
Healthy
8.55% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
5.32%
From $0.94 to $0.99 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.45 out of 5 stars

Finance Sector

581st out of 837 stocks

Real Estate Investment Trusts Industry

126th out of 179 stocks


DRH stock logo

About DiamondRock Hospitality (NYSE:DRH) Stock

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 Price History

DRH Stock News Headlines

Analysts Set DiamondRock Hospitality (NYSE:DRH) PT at $9.75
Unlock the treasure on Mount Olympus with this little-known mining stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
DiamondRock Hospitality (NYSE:DRH) Lowered to Sell at StockNews.com
Unlock the treasure on Mount Olympus with this little-known mining stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
DIAMONDROCK ACQUIRES CHICO HOT SPRINGS RESORT
DIAMONDROCK HOSPITALITY DEBUTS THE DAGNY IN BOSTON
Morgan Stanley Keeps Their Hold Rating on Diamondrock (DRH)
Q1 2023 Diamondrock Hospitality Co Earnings Call
See More Headlines
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DRH Company Calendar

Last Earnings
5/05/2022
Ex-Dividend for 7/12 Dividend
6/29/2023
Dividend Payable
7/12/2023
Today
9/26/2023
Ex-Dividend for 10/12 Dividend
9/28/2023
Dividend Payable
10/12/2023
Next Earnings (Confirmed)
11/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Specialized REITs
Sector
Finance
CUSIP
25278430
Fax
N/A
Employees
30
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$9.75
High Stock Price Forecast
$11.00
Low Stock Price Forecast
$8.00
Forecasted Upside/Downside
+24.5%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
5 Analysts

Profitability

Net Income
$109.33 million
Pretax Margin
9.21%

Debt

Sales & Book Value

Annual Sales
$1.00 billion
Cash Flow
$1.05 per share
Book Value
$7.57 per share

Miscellaneous

Free Float
206,692,000
Market Cap
$1.64 billion
Optionable
Optionable
Beta
1.65
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Key Executives

  • Mr. Mark W. Brugger (Age 53)
    Co-Founder, Pres, CEO & Director
    Comp: $2.92M
  • Mr. Jeffrey John Donnelly C.F.A. (Age 52)
    Exec. VP & CFO
    Comp: $1.3M
  • Mr. Justin L. Leonard (Age 45)
    Exec. VP of Asset Management & COO
    Comp: $1.25M
  • Mr. Troy G. Furbay (Age 56)
    Exec. VP & Chief Investment Officer
    Comp: $1.28M
  • Mr. William J. TennisMr. William J. Tennis (Age 68)
    Exec. VP, Gen. Counsel & Corp. Sec.
    Comp: $1.15M
  • Mr. Dustin Resnick
    VP of Acquisitions and Investments
  • Ms. Briony R. Quinn CPA (Age 52)
    Sr. VP & Treasurer













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 twelve-month price objectives for DiamondRock Hospitality's shares. Their DRH share price forecasts range from $8.00 to $11.00. On average, they predict the company's share price to reach $9.75 in the next year. This suggests a possible upside of 24.5% 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 2023?

DiamondRock Hospitality's stock was trading at $8.19 at the beginning of the year. Since then, DRH stock has decreased by 4.4% and is now trading at $7.83.
View the best growth stocks for 2023 here
.

Are investors shorting DiamondRock Hospitality?

DiamondRock Hospitality saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 17,630,000 shares, a drop of 11.1% from the August 15th total of 19,840,000 shares. Based on an average trading volume of 2,180,000 shares, the days-to-cover ratio is currently 8.1 days. Approximately 8.6% 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, 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 had revenue of $196.80 million for the quarter, compared to analyst estimates 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 business's revenue for the quarter was up 170.0% compared to the same quarter last year. During the same quarter in the previous year, the business 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 given 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 1.53%. The ex-dividend date is Thursday, September 28th.
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 1.54%. 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."

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 BlackRock Inc. (18.79%), State Street Corp (6.53%), Principal Financial Group Inc. (4.35%), Pzena Investment Management LLC (4.25%), Centersquare Investment Management LLC (3.20%) and JPMorgan Chase & Co. (2.55%). Insiders that own company stock include Briony R Quinn, 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 $7.83.

How much money does DiamondRock Hospitality make?

DiamondRock Hospitality (NYSE:DRH) has a market capitalization of $1.64 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 9/26/2023 by MarketBeat.com Staff

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