DiamondRock Hospitality Company is a real estate investment trust (REIT). As of December 31, 2016, the Company owned a portfolio of 26 hotels and resorts that contains 9,472 guest rooms located in 17 different markets in North America and the United States Virgin Islands. Its business is to acquire, own, asset manage and renovate hotel properties in the United States. Its portfolio is concentrated in gateway cities and destination resort locations. It conducts its business through an umbrella partnership REIT (UPREIT) in, which its hotels are owned by subsidiaries of its operating partnership, DiamondRock Hospitality Limited Partnership. The Company is the general partner of its operating partnership and owns, either directly or indirectly, all of the limited partnership units of its operating partnership. The Company leases all of its domestic hotels to taxable REIT subsidiary, Bloodstone TRS, Inc. (TRS) lessees.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Hospitality REITs
- Sub-Industry: Specialized REITs
- Symbol: NYSE:DRH
- CUSIP: 25278430
- Web: www.drhc.com
- Market Cap: $2.18 billion
- Outstanding Shares: 200,305,000
- 50 Day Moving Avg: $10.96
- 200 Day Moving Avg: $11.14
- 52 Week Range: $8.73 - $12.08
Sales & Book Value:
- Trailing P/E Ratio: 21.78
- Foreward P/E Ratio: 21.74
- P/E Growth: -2.47
- Annual Revenue: $866.34 million
- Price / Sales: 2.51
- Book Value: $9.16 per share
- Price / Book: 1.19
- Annual Dividend: $0.50
- Dividend Yield: 4.6%
- EBIDTA: $242.01 million
- Net Margins: 11.47%
- Return on Equity: 5.41%
- Return on Assets: 3.23%
- Debt-to-Equity Ratio: 0.51%
- Current Ratio: 2.45%
- Quick Ratio: 2.45%
- Average Volume: 2.18 million shs.
- Beta: 1.39
- Short Ratio: 8.49
Frequently Asked Questions for Diamondrock Hospitality Company (NYSE:DRH)
What is Diamondrock Hospitality Company's stock symbol?
Diamondrock Hospitality Company trades on the New York Stock Exchange (NYSE) under the ticker symbol "DRH."
How often does Diamondrock Hospitality Company pay dividends? What is the dividend yield for Diamondrock Hospitality Company?
Diamondrock Hospitality Company declared a quarterly dividend on Monday, September 18th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.125 per share on Thursday, October 12th. This represents a $0.50 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date is Thursday, September 28th. View Diamondrock Hospitality Company's Dividend History.
How were Diamondrock Hospitality Company's earnings last quarter?
Diamondrock Hospitality Company (NYSE:DRH) announced its quarterly earnings data on Monday, August, 7th. The company reported $0.32 EPS for the quarter, beating the Zacks' consensus estimate of $0.31 by $0.01. The firm earned $243.30 million during the quarter, compared to analyst estimates of $240.73 million. Diamondrock Hospitality Company had a net margin of 11.47% and a return on equity of 5.41%. Diamondrock Hospitality Company's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.31 earnings per share. View Diamondrock Hospitality Company's Earnings History.
When will Diamondrock Hospitality Company make its next earnings announcement?
Where is Diamondrock Hospitality Company's stock going? Where will Diamondrock Hospitality Company's stock price be in 2017?
13 equities research analysts have issued 1-year price targets for Diamondrock Hospitality Company's shares. Their predictions range from $8.00 to $13.00. On average, they anticipate Diamondrock Hospitality Company's share price to reach $11.50 in the next twelve months. View Analyst Ratings for Diamondrock Hospitality Company.
What are analysts saying about Diamondrock Hospitality Company stock?
Here are some recent quotes from research analysts about Diamondrock Hospitality Company stock:
- 1. According to Zacks Investment Research, "DiamondRock Hospitality Company is a self-advised real estate company that owns, acquires and invests in upper upscale and upscale hotel properties located primarily in North America. To a lesser extent, it may invest, on a selective basis, in premium limited-service and extended-stay hotel properties in urban locations. The Company has a strategic acquisition sourcing relationship with Marriott International. " (8/10/2017)
- 2. Canaccord Genuity analysts commented, "We believe the expiration of the three managed-only facility contracts was not only immaterial to earnings, but also fairly well understood. After CXW’s peer put up a 2Q miss and guidance cut this morning, we believe expectations heading into CXW’s print this evening were low." (8/7/2017)
Who are some of Diamondrock Hospitality Company's key competitors?
Some companies that are related to Diamondrock Hospitality Company include Apple Hospitality REIT (APLE), Strategic Hotels and Resorts (BEE), Sunstone Hotel Investors (SHO), LaSalle Hotel Properties (LHO), RLJ Lodging Trust (RLJ), Pebblebrook Hotel Trust (PEB), Xenia Hotels & Resorts (XHR), MGM Growth Properties LLC (MGP), Summit Hotel Properties (INN), Chesapeake Lodging Trust (CHSP), FelCor Lodging Trust Incorporated (FCH), Chatham Lodging Trust (REIT) (CLDT), Hersha Hospitality Trust (HT), Ashford Hospitality Trust (AHT), Empiric Student Property PLC (ESP), Ashford Hospitality Prime (AHP), Sotherly Hotels (SOHO) and Gaming and Leisure Properties (GLPI).
Who are Diamondrock Hospitality Company's key executives?
Diamondrock Hospitality Company's management team includes the folowing people:
- William W. McCarten CPA, Independent Chairman of the Board of Director
- Mark W. Brugger, President, Chief Executive Officer, Director
- Sean M. Mahoney, Chief Financial Officer, Executive Vice President, Treasurer
- Thomas G. Healy, Chief Operating Officer, Executive Vice President - Asset Management
- Troy G. Furbay, Executive Vice President, Chief Investment Officer
- William James Tennis, Executive Vice President, General Counsel, Corporate Secretary
- Bruce D. Wardinski, Lead Independent Director
- Daniel J. Altobello, Independent Director
- Timothy R. Chi, Independent Director
- Maureen L. McAvey, Independent Director
Who owns Diamondrock Hospitality Company stock?
Diamondrock Hospitality Company's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (17.41%), BlackRock Inc. (16.23%), FMR LLC (10.67%), State Street Corp (4.03%), Resolution Capital Ltd (3.34%) and Northern Trust Corp (3.32%). Company insiders that own Diamondrock Hospitality Company stock include Maureen L Mcavey and Sean M Mahoney. View Institutional Ownership Trends for Diamondrock Hospitality Company.
Who sold Diamondrock Hospitality Company stock? Who is selling Diamondrock Hospitality Company stock?
Diamondrock Hospitality Company's stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Citadel Advisors LLC, Quantitative Investment Management LLC, Cbre Clarion Securities LLC, TIAA CREF Investment Management LLC, UBS Asset Management Americas Inc., SG Americas Securities LLC and Royal Bank of Canada. Company insiders that have sold Diamondrock Hospitality Company stock in the last year include Maureen L Mcavey and Sean M Mahoney. View Insider Buying and Selling for Diamondrock Hospitality Company.
Who bought Diamondrock Hospitality Company stock? Who is buying Diamondrock Hospitality Company stock?
Diamondrock Hospitality Company's stock was acquired by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Vanguard Group Inc., BlackRock Inc., Prudential Financial Inc., Chicago Equity Partners LLC, Ameriprise Financial Inc., Westpac Banking Corp and Northern Trust Corp. View Insider Buying and Selling for Diamondrock Hospitality Company.
How do I buy Diamondrock Hospitality Company stock?
Shares of Diamondrock Hospitality Company can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Diamondrock Hospitality Company's stock price today?
MarketBeat Community Rating for Diamondrock Hospitality Company (NYSE DRH)MarketBeat's community ratings are surveys of what our community members think about Diamondrock Hospitality Company and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Diamondrock Hospitality Company stock can currently be purchased for approximately $10.87.
Consensus Ratings for Diamondrock Hospitality Company (NYSE:DRH) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||3 Sell Ratings, 4 Hold Ratings, 6 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.23)|
|Consensus Price Target: ||$11.50 (5.80% upside)|
Analysts' Ratings History for Diamondrock Hospitality Company (NYSE:DRH)
(Data available from 9/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/21/2017||Stifel Nicolaus||Reiterated Rating||Buy||$12.00||Low|
|9/10/2017||Robert W. Baird||Set Price Target||Buy||$12.00||Low|
|8/7/2017||Canaccord Genuity||Reiterated Rating||Buy||$13.00||High|
|7/14/2017||Raymond James Financial, Inc.||Upgrade||Market Perform -> Outperform||$13.00||Low|
|4/18/2017||Boenning Scattergood||Reiterated Rating||Underperform||$10.00||Low|
|4/10/2017||Goldman Sachs Group, Inc. (The)||Initiated Coverage||Neutral||$11.00||Low|
|3/3/2017||Evercore ISI||Downgrade||Hold -> Underperform||N/A|
|2/14/2017||Barclays PLC||Reiterated Rating||Buy||$12.00||N/A|
|10/5/2016||Citigroup Inc.||Boost Price Target||Neutral||$9.00 -> $10.00||N/A|
|9/26/2016||Morgan Stanley||Downgrade||Equal Weight -> Underweight||$10.00 -> $8.00||N/A|
|6/26/2016||Deutsche Bank AG||Reiterated Rating||Hold||$11.00||N/A|
|5/23/2016||Janney Montgomery Scott||Initiated Coverage||Neutral||$11.00 -> $9.50||N/A|
|3/23/2016||Credit Suisse Group||Reiterated Rating||Outperform||$9.50 -> $10.50||N/A|
|2/24/2016||SunTrust Banks, Inc.||Boost Price Target||Neutral||$9.50 -> $12.00||N/A|
|1/11/2016||JMP Securities||Downgrade||Outperform -> Market Perform||N/A|
Earnings History for Diamondrock Hospitality Company (NYSE:DRH)Earnings History by Quarter for Diamondrock Hospitality Company (NYSE DRH)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/7/2017||Q2 2017||$0.31||$0.32||$240.73 million||$243.30 million||View||Listen|
|5/5/2017||Q1 2017||$0.17||$0.18||$192.85 million||$196.21 million||View||N/A|
|2/22/2017||Q416||$0.23||$0.24||$210.85 million||$206.62 million||View||Listen|
|11/9/2016||Q316||$0.25||$0.26||$225.08 million||$220.24 million||View||Listen|
|8/5/2016||Q216||$0.32||$0.31||$259.26 million||$256.66 million||View||Listen|
|5/6/2016||Q116||$0.18||$0.21||$219.15 million||$213.03 million||View||Listen|
|2/23/2016||Q415||$0.25||$0.26||$234.63 million||$233.80 million||View||Listen|
|11/5/2015||Q315||$0.27||$0.26||$241.61 million||$238.50 million||View||Listen|
|8/7/2015||Q215||$0.31||$0.31||$251.68 million||$249.80 million||View||Listen|
|5/8/2015||Q115||$0.17||$0.19||$205.63 million||$208.90 million||View||Listen|
|2/24/2015||Q414||$0.23||$0.21||$224.76 million||$223.60 million||View||Listen|
|11/4/2014||Q314||$0.23||$0.25||$228.02 million||$229.21 million||View||Listen|
|8/8/2014||Q214||$0.25||$0.26||$231.99 million||$229.93 million||View||Listen|
|5/12/2014||Q114||$0.14||$0.15||$189.25 million||$190.08 million||View||Listen|
|2/25/2014||Q413||$0.19||$0.17||$208.60 million||$201.47 million||View||Listen|
|11/8/2013||Q313||$0.21||$0.18||$218.74 million||$210.60 million||View||Listen|
|8/9/2013||Q213||$0.21||$0.22||$218.74 million||$221.18 million||View||Listen|
|5/10/2013||Q113||$0.09||$0.14||$169.37 million||$179.27 million||View||Listen|
|3/1/2013||Q412||$0.25||$0.29||$257.16 million||$266.40 million||View||Listen|
|10/12/2012||Q312||$0.18||$0.18||$192.30 million||$199.60 million||View||N/A|
Earnings Estimates for Diamondrock Hospitality Company (NYSE:DRH)
2017 EPS Consensus Estimate: $0.96
2018 EPS Consensus Estimate: $1.02
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Diamondrock Hospitality Company (NYSE:DRH)
|Dividend Growth:||14.30% (3 Year Average)|
|Payout Ratio:||102.04% (Trailing 12 Months of Earnings) |
108.70% (Based on This Year's Estimates)
100.00% (Based on Next Year's Estimates)
Dividend History by Quarter for Diamondrock Hospitality Company (NYSE DRH)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Diamondrock Hospitality Company (NYSE:DRH)
Insider Ownership Percentage: 1.10%Insider Trades by Quarter for Diamondrock Hospitality Company (NYSE:DRH)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/14/2017||Maureen L Mcavey||Director||Sell||6,000||$11.20||$67,200.00|| |
|12/13/2016||Sean M Mahoney||CFO||Sell||30,000||$11.45||$343,500.00|| |
|12/22/2014||Briony R Quinn||CAO||Sell||10,000||$15.34||$153,400.00|| |
|8/19/2014||Sean M Mahoney||CFO||Sell||20,000||$13.25||$265,000.00|| |
|7/16/2014||Mark W Brugger||CEO||Sell||40,000||$13.05||$522,000.00|| |
|5/16/2014||Gilbert Ray||Director||Sell||15,797||$11.88||$187,668.36|| |
|2/20/2014||William Mccarten||Director||Sell||46,101||$12.25||$564,737.25|| |
|12/23/2013||William Mccarten||Director||Sell||57,647||$11.75||$677,352.25|| |
|12/18/2013||William Mccarten||Director||Sell||14,741||$11.29||$166,425.89|| |
Headline Trends for Diamondrock Hospitality Company (NYSE:DRH)
Latest Headlines for Diamondrock Hospitality Company (NYSE:DRH)
Diamondrock Hospitality Company (DRH) Chart for Friday, September, 22, 2017