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NYSE:DRH

DiamondRock Hospitality (DRH) Stock Forecast, Price & News

$8.48
-0.01 (-0.12%)
(As of 06/8/2023 ET)
Compare
Today's Range
$8.32
$8.50
50-Day Range
$7.69
$8.49
52-Week Range
$7.14
$10.83
Volume
1.64 million shs
Average Volume
2.22 million shs
Market Capitalization
$1.78 billion
P/E Ratio
18.84
Dividend Yield
1.42%
Price Target
$9.94

DiamondRock Hospitality MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
17.2% Upside
$9.94 Price Target
Short Interest
Bearish
5.93% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.97mentions of DiamondRock Hospitality in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.00%
From $1.00 to $1.05 Per Share

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 stars

Finance Sector

690th out of 858 stocks

Real Estate Investment Trusts Industry

152nd out of 190 stocks


DRH stock logo

About DiamondRock Hospitality (NYSE:DRH) Stock

DiamondRock 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.

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DRH Stock News Headlines

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.
Analysts Set DiamondRock Hospitality (NYSE:DRH) PT at $10.06
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.
Q1 2023 Diamondrock Hospitality Co Earnings Call
DiamondRock Hospitality (NYSE:DRH) Shares Gap Up to $7.73
DiamondRock Hospitality (DRH) To Go Ex-Dividend on March 30th
See More Headlines

DRH Price History

DRH Company Calendar

Last Earnings
5/05/2022
Ex-Dividend for 4/12 Dividend
3/30/2023
Dividend Payable
4/12/2023
Today
6/08/2023
Ex-Dividend for 7/12 Dividend
6/29/2023
Dividend Payable
7/12/2023
Next Earnings (Estimated)
8/02/2023
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
28
Year Founded
N/A

Price 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 Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$109.33 million
Pretax Margin
10.61%

Debt

Sales & Book Value

Annual Sales
$1.00 billion
Cash Flow
$1.04 per share
Book Value
$7.57 per share

Miscellaneous

Free Float
206,852,000
Market Cap
$1.78 billion
Optionable
Optionable
Beta
1.65

Key Executives

  • Mark W. Brugger
    President, Chief Executive Officer & Director
  • Justin L. Leonard
    Chief Operating Officer & Executive Vice President
  • Jeff Donnelly
    Chief Financial Officer & Executive Vice President
  • William J. TennisWilliam J. Tennis
    Secretary, Executive VP & General Counsel
  • Troy G. Furbay
    Chief Investment Officer & Executive VP













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
.

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

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