DiamondRock Hospitality Stock Forecast, Price & 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. Since then, DRH shares have decreased by 15.8% and is now trading at $5.33.
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7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for DiamondRock Hospitality in the last year. There are currently 3 sell ratings, 2 hold ratings and 2 buy ratings 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 Friday, November 13th 2020.
View our earnings forecast for DiamondRock Hospitality.

DiamondRock Hospitality (NYSE:DRH) posted its quarterly earnings data on Thursday, August, 6th. The real estate investment trust reported ($0.36) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.34) by $0.02. The real estate investment trust earned $20.38 million during the quarter, compared to the consensus estimate of $25.54 million. DiamondRock Hospitality had a return on equity of 2.06% and a net margin of 5.72%. DiamondRock Hospitality's revenue was down 92.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.32 earnings per share.
View DiamondRock Hospitality's earnings history.

DiamondRock Hospitality declared a quarterly dividend on Tuesday, December 17th. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.125 per share on Monday, January 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 9.38%. The ex-dividend date of this dividend is Tuesday, December 31st.
View DiamondRock Hospitality's dividend history.

7 equities research analysts have issued 12 month price targets for DiamondRock Hospitality's shares. Their forecasts range from $4.00 to $8.00. On average, they expect DiamondRock Hospitality's share price to reach $5.64 in the next year. This suggests a possible upside of 5.9% from the stock's current price.
View analysts' price targets for DiamondRock Hospitality.

DiamondRock Hospitality saw a increase in short interest in the month of August. As of August 14th, there was short interest totaling 7,190,000 shares, an increase of 13.2% from the July 30th total of 6,350,000 shares. Based on an average trading volume of 3,700,000 shares, the short-interest ratio is presently 1.9 days. Currently, 3.7% of the company's shares are sold short.
View DiamondRock Hospitality's Short Interest.

Some companies that are related to DiamondRock Hospitality include American Tower (AMT), Public Storage (PSA), Welltower (WELL), Weyerhaeuser (WY), Ventas (VTR), Extra Space Storage (EXR), HCP (HCP), Medical Properties Trust (MPW), 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).
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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), AT&T (T), CBL & Associates Properties (CBL), Ford Motor (F), General Electric (GE), NGL Energy Partners (NGL), Invesco Mortgage Capital (IVR) and ANNALY CAP MGMT/SH (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 Vanguard Group Inc. (15.73%), FMR LLC (5.93%), Principal Financial Group Inc. (3.17%), Principal Financial Group Inc. (3.18%), LSV Asset Management (2.20%) and Victory Capital Management Inc. (1.85%).
View institutional ownership trends for DiamondRock Hospitality.

DRH stock was sold by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Balyasny Asset Management LLC, Charles Schwab Investment Management Inc., Goldman Sachs Group Inc., Vanguard Group Inc., LSV Asset Management, First Quadrant L P CA, and Barclays PLC.
View insider buying and selling activity for DiamondRock Hospitality.

DRH stock was purchased by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Principal Financial Group Inc., Pzena Investment Management LLC, Nuveen Asset Management LLC, Canada Pension Plan Investment Board, Moody Aldrich Partners LLC, FMR LLC, and Hill Winds Capital LP.
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 $5.33.

DiamondRock Hospitality has a market capitalization of $1.06 billion 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.

The official website for DiamondRock Hospitality is 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]