About Diamondrock Hospitality (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 top gateway markets and destination resort locations. As of February 26, 2018, the Company owns 28 premium quality hotels with over 9,600 rooms. The Company has strategically positioned its hotels to be operated both under leading global brand families such as Hilton and Marriott as well as unique boutique hotels in the lifestyle segment. For further information on the Company and its portfolio, please visit DiamondRock Hospitality Company's website at www.drhc.com.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
SymbolNYSE:DRH
CUSIP25278430
Phone240-744-1150
Debt
Debt-to-Equity Ratio0.51%
Current Ratio2.35%
Quick Ratio2.35%
Price-To-Earnings
Trailing P/E Ratio11.10
Forward P/E Ratio10.99
P/E Growth2.19
Sales & Book Value
Annual Sales$870.01 million
Price / Sales2.56
Cash Flow$0.9304 per share
Price / Cash11.93
Book Value$9.15 per share
Price / Book1.21
Profitability
EPS (Most Recent Fiscal Year)$1.00
Net Income$91.87 million
Net Margins10.56%
Return on Equity5.02%
Return on Assets2.97%
Miscellaneous
Employees29
Outstanding Shares200,540,000
Diamondrock Hospitality (NYSE:DRH) Frequently Asked Questions
What is Diamondrock Hospitality's stock symbol?
Diamondrock Hospitality trades on the New York Stock Exchange (NYSE) under the ticker symbol "DRH."
How often does Diamondrock Hospitality pay dividends? What is the dividend yield for Diamondrock Hospitality?
Diamondrock Hospitality declared a quarterly dividend on Monday, March 19th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.125 per share on Thursday, April 12th. This represents a $0.50 annualized dividend and a yield of 4.50%. The ex-dividend date of this dividend is Wednesday, March 28th. View Diamondrock Hospitality's Dividend History.
How were Diamondrock Hospitality's earnings last quarter?
Diamondrock Hospitality (NYSE:DRH) issued its quarterly earnings results on Monday, February, 26th. The real estate investment trust reported $0.25 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.23 by $0.02. The real estate investment trust earned $207.04 million during the quarter, compared to the consensus estimate of $206.36 million. Diamondrock Hospitality had a net margin of 10.56% and a return on equity of 5.02%. The company's revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company earned $0.24 earnings per share. View Diamondrock Hospitality's Earnings History.
When is Diamondrock Hospitality's next earnings date?
What guidance has Diamondrock Hospitality issued on next quarter's earnings?
Diamondrock Hospitality updated its FY19 earnings guidance on Thursday, March, 1st. The company provided earnings per share guidance of $0.99-1.03 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.99.
What price target have analysts set for DRH?
10 brokers have issued 1-year target prices for Diamondrock Hospitality's stock. Their forecasts range from $10.00 to $13.00. On average, they expect Diamondrock Hospitality's stock price to reach $11.8571 in the next twelve months. View Analyst Ratings for Diamondrock Hospitality.
What are Wall Street analysts saying about Diamondrock Hospitality stock?
Here are some recent quotes from research analysts about Diamondrock Hospitality stock:
- 1. Boenning Scattergood analysts commented, "We remain Neutral-rated on the company for the time being. Key Points: FFO Beat: DRH reported Adjusted FFO of $0.25 per share, two cents ahead of consensus and a penny ahead of last year. Full year Adjusted FFO came in at $1.00 per share, a two-cent decline compared to last year, yet also two cents ahead of the prior top end of guidance. RevPAR Up 3.8%: RevPAR increased by 3.8% to $184.24. ADR rose 1.7% to $236.95 with a 170 bps occupancy increase to 77.8%. Full year RevPAR was up 2.5% to $184.09 at the high end of 2017 guidance. Business transient, representing one-third of total revenue, outperformed with an 11.2% increase while short-term booking saw double digit growth; full year group business also outperformed by increasing 2.5%. Chicago Gwen, Westin Fort Lauderdale Beach Resort, Boston Renaissance, and Charleston Renaissance led the portfolio growth while New York City also outperformed." (2/28/2018)
- 2. 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. " (11/14/2017)
- 3. 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's key competitors?
Some companies that are related to Diamondrock Hospitality include SL Green Realty (SLG), Federal Realty Investment Trust (FRT), Macerich (MAC), Camden Property Trust (CPT), Equity Lifestyle Properties (ELS), AGNC Investment (AGNC), Gaming and Leisure Properties (GLPI), Sun Communities (SUI), Kilroy Realty (KRC), Vici Properties (VICI), W. P. Carey (WPC), VEREIT (VER), Apartment Inv & Mgmt (AIV), Douglas Emmett (DEI) and RioCan Real Estate Investment Trust (RIOCF).
Who are Diamondrock Hospitality's key executives?
Diamondrock Hospitality's management team includes the folowing people:
- Mr. Mark W. Brugger, Pres, CEO & Director (Age 48)
- Mr. Sean M. Mahoney CPA, Exec. VP, Treasurer & CFO (Age 46)
- Mr. Troy G. Furbay, Chief Investment Officer and Exec. VP (Age 51)
- Mr. William J. Tennis, Exec. VP, Gen. Counsel & Corp. Sec. (Age 63)
- Mr. Thomas G. Healy, Chief Operating Officer and Exec. VP of Asset Management (Age 50)
Has Diamondrock Hospitality been receiving favorable news coverage?
Headlines about DRH stock have been trending somewhat positive on Wednesday, Accern Sentiment reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Diamondrock Hospitality earned a coverage optimism score of 0.13 on Accern's scale. They also gave news headlines about the real estate investment trust an impact score of 45.98 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near term.
How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.
What is Diamondrock Hospitality's stock price today?
One share of DRH stock can currently be purchased for approximately $11.10.
How big of a company is Diamondrock Hospitality?
Diamondrock Hospitality has a market capitalization of $2.21 billion and generates $870.01 million in revenue each year. The real estate investment trust earns $91.87 million in net income (profit) each year or $1.00 on an earnings per share basis. Diamondrock Hospitality employs 29 workers across the globe.
How can I contact Diamondrock Hospitality?
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]
MarketBeat Community Rating for Diamondrock Hospitality (DRH)
MarketBeat's community ratings are surveys of what our community members think about Diamondrock Hospitality and other stocks. Vote "Outperform" if you believe DRH will outperform the S&P 500 over the long term. Vote "Underperform" if you believe DRH will underperform the S&P 500 over the long term. You may vote once every thirty days.
Diamondrock Hospitality (NYSE:DRH) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
10 Wall Street analysts have issued ratings and price targets for Diamondrock Hospitality in the last 12 months. Their average twelve-month price target is $11.8571, suggesting that the stock has a possible upside of 6.82%. The high price target for DRH is $13.00 and the low price target for DRH is $10.00. There are currently 2 sell ratings, 1 hold rating and 7 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Hold |
| Consensus Rating Score: | 2.50 | 2.55 | 2.73 | 2.38 |
| Ratings Breakdown: | 2 Sell Rating(s)
1 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
3 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
4 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $11.8571 | $11.75 | $12.00 | $12.00 |
| Price Target Upside: | 6.82% upside | 13.64% upside | 6.67% upside | 10.40% upside |
Diamondrock Hospitality (NYSE:DRH) Consensus Price Target History
Diamondrock Hospitality (NYSE:DRH) Analyst Ratings History
Show:
(Data available from 4/25/2016 forward)
Diamondrock Hospitality (NYSE:DRH) Dividend Information
Diamondrock Hospitality pays an annual dividend of $0.50 per share, with a dividend yield of 4.50%. DRH's most recent quarterly dividend payment was Thursday, April 12. Diamondrock Hospitality pays out 50.00% of its earnings out as a dividend.
| Most Recent Dividend: | 4/12/2018 |
| Annual Dividend: | $0.50 |
| Dividend Yield: | 4.50% |
| Dividend Growth: | 8.40% (3 Year Average) |
| Payout Ratio: | 50.00% (Trailing 12 Months of Earnings)
49.50% (Based on This Year's Estimates)
49.50% (Based on Next Year's Estimates)
|
| Frequency: | Quarterly Dividend |
Diamondrock Hospitality (NYSE:DRH) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/19/2018 | Quarterly | $0.1250 | 4.69% | 3/28/2018 | 3/29/2018 | 4/12/2018 |
| 12/14/2017 | quarterly | $0.1250 | 4.41% | 12/28/2017 | 12/29/2017 | 1/12/2018 |
| 9/18/2017 | Quarterly | $0.1250 | 4.64% | 9/28/2017 | 9/29/2017 | 10/12/2017 |
| 6/5/2017 | quarterly | $0.1250 | 4.5% | 6/28/2017 | 6/30/2017 | 7/12/2017 |
| 3/16/2017 | quarterly | $0.1250 | 4.49% | 3/29/2017 | 3/31/2017 | 4/12/2017 |
| 12/19/2016 | Quarterly | $0.1250 | | 12/28/2016 | 12/30/2016 | 1/17/2017 |
| 12/16/2016 | quarterly | $0.1250 | 4.42% | 12/28/2016 | 12/30/2016 | 1/12/2017 |
| 9/14/2016 | quarterly | $0.1250 | 5.45% | 9/28/2016 | 9/30/2016 | 10/12/2016 |
| 6/2/2016 | quarterly | $0.1250 | 5.42% | 6/28/2016 | 6/30/2016 | 7/12/2016 |
| 3/15/2016 | quarterly | $0.1250 | 5.35% | 3/29/2016 | 3/31/2016 | 4/12/2016 |
| 12/8/2015 | quarterly | $0.1250 | 4.72% | 12/29/2015 | 12/31/2015 | 1/12/2016 |
| 8/27/2015 | quarterly | $0.1250 | 4.2% | 9/28/2015 | 9/30/2015 | 10/13/2015 |
| 5/28/2015 | quarterly | $0.1250 | 3.76% | 6/26/2015 | 6/30/2015 | 7/14/2015 |
| 2/27/2015 | quarterly | $0.1250 | 3.45% | 3/27/2015 | 3/31/2015 | 4/10/2015 |
| 12/16/2014 | quarterly | $0.1025 | 2.73% | 12/29/2014 | 12/31/2014 | 1/12/2015 |
| 9/12/2014 | quarterly | $0.1025 | 3.16% | 9/26/2014 | 9/30/2014 | 10/10/2014 |
| 6/2/2014 | quarterly | $0.1025 | 3.29% | 6/26/2014 | 6/30/2014 | 7/10/2014 |
| 3/25/2014 | | $0.1025 | | 3/27/2014 | 3/31/2014 | 4/10/2014 |
| 3/25/2014 | quarterly | $0.1025 | | | 4/10/2014 | 3/31/2014 |
| 12/17/2013 | quarterly | $0.0850 | 2.98% | 12/27/2013 | 12/31/2013 | 1/10/2014 |
| 9/9/2013 | quarterly | $0.0850 | 3.4% | 9/26/2013 | 9/30/2013 | 10/10/2013 |
| 6/10/2013 | quarterly | $0.0850 | 3.7% | 6/26/2013 | 6/28/2013 | 7/11/2013 |
| 2/28/2013 | quarterly | $0.0850 | 3.72% | 3/26/2013 | 3/31/2013 | 4/12/2013 |
| 12/19/2012 | quarterly | $0.08 | 3.48% | 12/27/2012 | 12/31/2012 | 1/10/2013 |
(Data available from 1/1/2013 forward)
Diamondrock Hospitality (NYSE DRH) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.10%
Diamondrock Hospitality (NYSE DRH) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/2/2018 | Mark W Brugger | Insider | Buy | 10,000 | $9.98 | $99,800.00 | |  |
| 8/14/2017 | Maureen L Mcavey | Director | Sell | 6,000 | $11.20 | $67,200.00 | 81,030 | |
| 12/13/2016 | Sean M Mahoney | CFO | Sell | 30,000 | $11.45 | $343,500.00 | 417,744 | |
| 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 | 43,653 | |
| 2/20/2014 | William Mccarten | Director | Sell | 46,101 | $12.25 | $564,737.25 | 333,712 | |
| 12/23/2013 | William Mccarten | Director | Sell | 57,647 | $11.75 | $677,352.25 | 379,772 | |
| 12/18/2013 | William Mccarten | Director | Sell | 14,741 | $11.29 | $166,425.89 | 437,419 | |
(Data available from 1/1/2013 forward)
Diamondrock Hospitality (NYSE DRH) News Headlines
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Diamondrock Hospitality (NYSE:DRH) SEC Filings
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Diamondrock Hospitality (NYSE:DRH) Income Statement, Balance Sheet and Cash Flow Statement
Diamondrock Hospitality (NYSE DRH) Stock Chart for Wednesday, April, 25, 2018
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