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

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.

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.

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.

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.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 20th 2024.
View our DRH earnings forecast.

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.

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.

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.

ETFs with the largest weight of DiamondRock Hospitality (NYSE:DRH) stock in their portfolio include Principal Real Estate Active Opportunities ETF (BYRE), Fidelity Real Estate Investment ETF (FPRO), Nuveen Short-Term REIT ETF (NURE), Kelly Hotel & Lodging Sector ETF (HOTL), JPMorgan Realty Income ETF (JPRE) and Private Real Estate Strategy via Liquid REITs ETF (PRVT).SPDR S&P 600 Small Cap ETF (SLY).

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.

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).

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.
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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.
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