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DiamondRock Hospitality Stock Price, News & Analysis (NYSE:DRH)

$8.65
+0.17 (+2.00%)
(As of 12/4/2023 ET)
Compare
Today's Range
$8.46
$8.67
50-Day Range
$7.38
$8.65
52-Week Range
$7.14
$10.02
Volume
2.49 million shs
Average Volume
2.17 million shs
Market Capitalization
$1.81 billion
P/E Ratio
22.18
Dividend Yield
1.39%
Price Target
$9.50

DiamondRock Hospitality MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
9.8% Upside
$9.50 Price Target
Short Interest
Bearish
9.40% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.15mentions of DiamondRock Hospitality in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.23%
From $0.93 to $0.96 Per Share

Overall MarketRank

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

1.38 out of 5 stars

Finance Sector

700th out of 822 stocks

Real Estate Investment Trusts Industry

141st 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

New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Stifel Nicolaus Reaffirms Their Buy Rating on Diamondrock (DRH)
DiamondRock Hospitality Company (HBO.F)
Diamondrock Hospitality Co (DRH_pa)
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Q3 2023 Diamondrock Hospitality Co Earnings Call
DRH DiamondRock Hospitality Company
DIAMONDROCK ACQUIRES CHICO HOT SPRINGS RESORT
See More Headlines
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Company Calendar

Last Earnings
5/05/2022
Ex-Dividend for 10/12 Dividend
9/28/2023
Dividend Payable
10/12/2023
Today
12/04/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/20/2024

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 Target
$9.50
High Stock Price Target
$11.00
Low Stock Price Target
$8.00
Potential Upside/Downside
+10.9%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$109.33 million
Pretax Margin
9.01%

Debt

Sales & Book Value

Annual Sales
$1.00 billion
Cash Flow
$1.06 per share
Book Value
$7.57 per share

Miscellaneous

Free Float
206,692,000
Market Cap
$1.80 billion
Optionable
Optionable
Beta
1.60
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Key Executives

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














DRH Stock Analysis - Frequently Asked Questions

Should I buy or sell DiamondRock Hospitality stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for DiamondRock Hospitality in the last year. There are currently 3 hold ratings and 1 buy rating 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?

4 brokerages have issued 1-year target prices for DiamondRock Hospitality's stock. Their DRH share price targets range from $8.00 to $11.00. On average, they predict the company's share price to reach $9.50 in the next year. This suggests a possible upside of 9.8% 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 5.6% and is now trading at $8.65.
View the best growth stocks for 2023 here
.

Are investors shorting DiamondRock Hospitality?

DiamondRock Hospitality saw a increase in short interest in November. As of November 15th, there was short interest totaling 19,390,000 shares, an increase of 6.2% from the October 31st total of 18,260,000 shares. Based on an average daily volume of 2,180,000 shares, the days-to-cover ratio is presently 8.9 days. Currently, 9.4% of the shares of the company 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 Tuesday, February 20th 2024.
View our DRH earnings forecast
.

How were DiamondRock Hospitality's earnings last quarter?

DiamondRock Hospitality (NYSE:DRH) announced its quarterly earnings data on Thursday, May, 5th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 net margin of 8.79% and a trailing twelve-month return on equity of 5.79%. The business's quarterly revenue was up 170.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.12) earnings per share.

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

DiamondRock Hospitality declared a quarterly dividend on Friday, December 1st. Stockholders of record on Friday, December 29th will be paid a dividend of $0.03 per share on Thursday, January 11th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Thursday, December 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 1.42%. 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 12.50% 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).

Who are DiamondRock Hospitality's major shareholders?

DiamondRock Hospitality's stock is owned by many different retail and institutional investors. Top institutional investors include FMR LLC (7.06%), Pzena Investment Management LLC (4.64%), Principal Financial Group Inc. (4.24%), JPMorgan Chase & Co. (2.69%), Invesco Ltd. (2.60%) and Charles Schwab Investment Management Inc. (2.06%). 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.

This page (NYSE:DRH) was last updated on 12/4/2023 by MarketBeat.com Staff

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