DiamondRock Hospitality (DRH) Stock Forecast, Price & News

5 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 2 buy ratings 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.
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5 equities research analysts have issued 1-year target prices for DiamondRock Hospitality's stock. Their DRH share price forecasts range from $8.00 to $11.00. On average, they anticipate the company's stock price to reach $9.75 in the next year. This suggests a possible upside of 24.0% from the stock's current price.
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DiamondRock Hospitality's stock was trading at $8.19 at the start of the year. Since then, DRH shares have decreased by 4.0% and is now trading at $7.86.
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DiamondRock Hospitality saw a decrease in short interest in September. As of September 15th, there was short interest totaling 15,860,000 shares, a decrease of 10.0% from the August 31st total of 17,630,000 shares. Based on an average trading volume of 2,170,000 shares, the days-to-cover ratio is presently 7.3 days. Currently, 7.7% of the company's stock are sold short.
View DiamondRock Hospitality's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our DRH earnings forecast.

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.

DiamondRock Hospitality (NYSE:DRH) issued its quarterly earnings results on Thursday, May, 5th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by $0.03. The real estate investment trust earned $196.80 million during 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 was up 170.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.12) EPS.

DiamondRock Hospitality announced a quarterly dividend on Wednesday, September 6th. Investors of record on Friday, September 29th will be paid a dividend of $0.03 per share on Thursday, October 12th. This represents a $0.12 annualized dividend and a yield of 1.53%. The ex-dividend date is Thursday, September 28th.
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).

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.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "DRH."

DiamondRock Hospitality's stock is owned by a number of institutional and retail investors. Top institutional investors 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.
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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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One share of DRH stock can currently be purchased for approximately $7.86.

DiamondRock Hospitality (NYSE:DRH) has a market capitalization of $1.65 billion and generates $1.06 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.

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.