NYSE:DRHDiamondRock Hospitality Stock Price, Forecast & News

DiamondRock Hospitality's stock was trading at $6.33 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, DRH stock has decreased by 23.9% and is now trading at $4.82. View which stocks have been mosted impacted by Coronavirus.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for DiamondRock Hospitality in the last year. There are currently 2 sell ratings, 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for DiamondRock Hospitality.

DiamondRock Hospitality is scheduled to release its next quarterly earnings announcement on Wednesday, May 13th 2020. View our earnings forecast for DiamondRock Hospitality.

DiamondRock Hospitality (NYSE:DRH) issued its quarterly earnings results on Thursday, August, 2nd. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.32 by $0.18. The real estate investment trust earned $236.70 million during the quarter, compared to analyst estimates of $241.52 million. DiamondRock Hospitality had a net margin of 19.56% and a return on equity of 9.94%. The firm's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.32 earnings per share. View DiamondRock Hospitality's earnings history.

DiamondRock Hospitality declared a quarterly dividend on Tuesday, December 17th. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.125 per share on Monday, January 13th. This represents a $0.50 dividend on an annualized basis and a yield of 10.37%. The ex-dividend date is Tuesday, December 31st. View DiamondRock Hospitality's dividend history.

DiamondRock Hospitality issued an update on its FY20 earnings guidance on Thursday, February, 20th. The company provided earnings per share (EPS) guidance of $1.00-1.04 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.98.

6 brokers have issued 1 year price targets for DiamondRock Hospitality's shares. Their forecasts range from $4.00 to $12.00. On average, they expect DiamondRock Hospitality's share price to reach $7.33 in the next twelve months. This suggests a possible upside of 52.1% from the stock's current price. View analysts' price targets for DiamondRock Hospitality.

News articles about DRH stock have trended very negative recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. DiamondRock Hospitality earned a coverage optimism score of -3.3 on InfoTrie's scale. They also assigned news headlines about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutDiamondRock Hospitality.

DiamondRock Hospitality saw a decrease in short interest in March. As of March 13th, there was short interest totaling 5,149,300 shares, a decrease of 34.7% from the February 27th total of 7,890,000 shares. Based on an average daily trading volume, of 2,920,000 shares, the days-to-cover ratio is presently 1.8 days. Currently, 2.6% of the company's shares are sold short. View DiamondRock Hospitality's Current Options Chain.

Some companies that are related to DiamondRock Hospitality include American Tower (AMT), Public Storage (PSA), Welltower (WELL), Extra Space Storage (EXR), Weyerhaeuser (WY), HCP (HCP), Medical Properties Trust (MPW), Ventas (VTR), Host Hotels and Resorts (HST), Omega Healthcare Investors (OHI), CubeSmart (CUBE), Life Storage (LSI), Healthcare Realty Trust (HR), Rayonier (RYN) and Sabra Health Care REIT (SBRA).

Based on aggregate information from My MarketBeat watchlists, some companies that other DiamondRock Hospitality investors own include Energy Transfer LP Unit (ET), InterDigital Wireless (IDCC), Stag Industrial (STAG), CBL & Associates Properties (CBL), Ford Motor (F), General Electric (GE), Invesco Mortgage Capital (IVR), NGL Energy Partners (NGL), New Residential Investment (NRZ) and AT&T (T).

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

DiamondRock Hospitality's stock is owned by many different retail and institutional investors. Top institutional shareholders include State of Alaska Department of Revenue (0.12%) and Spirit of America Management Corp NY (0.06%). Company insiders that own DiamondRock Hospitality stock include Briony R Quinn, Gilbert T Ray, Maureen L Mcavey and William J Tennis. View institutional ownership trends for DiamondRock Hospitality.

DRH stock was sold by a variety of institutional investors in the last quarter, including Spirit of America Management Corp NY. View insider buying and selling activity for DiamondRock Hospitality.

DRH stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. View insider buying and selling activity for DiamondRock Hospitality.

Shares of DRH can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of DRH stock can currently be purchased for approximately $4.82.

DiamondRock Hospitality has a market capitalization of $963.13 million and generates $938.09 million in revenue each year. The real estate investment trust earns $183.49 million in net income (profit) each year or $1.07 on an earnings per share basis. DiamondRock Hospitality employs 31 workers across the globe. View additional information about DiamondRock Hospitality.

The official website for DiamondRock Hospitality is http://www.drhc.com/.

DiamondRock Hospitality's mailing address is 2 BETHESDA METRO CENTER SUITE 1400, BETHESDA MD, 20814. The real estate investment trust can be reached via phone at 240-744-1150 or via email at [email protected]om.