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 5.4% and is now trading at $5.99. View which stocks have been most impacted by Coronavirus.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for DiamondRock Hospitality in the last year. There are currently 2 sell ratings, 4 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 Monday, August 3rd 2020. View our earnings forecast for DiamondRock Hospitality.

DiamondRock Hospitality (NYSE:DRH) released its quarterly earnings data on Monday, May, 11th. The real estate investment trust reported ($0.17) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.06 by $0.23. The real estate investment trust had revenue of $170 million for the quarter, compared to analysts' expectations of $161.32 million. DiamondRock Hospitality had a return on equity of 7.53% and a net margin of 15.46%. DiamondRock Hospitality's revenue was down 16.0% on a year-over-year basis. During the same period last year, the firm posted $0.21 earnings per share. View DiamondRock Hospitality's earnings history.

DiamondRock Hospitality announced a quarterly dividend on Tuesday, December 17th. Shareholders 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 yield of 8.35%. The ex-dividend date of this dividend is Tuesday, December 31st. View DiamondRock Hospitality's dividend history.

7 analysts have issued 12-month price targets for DiamondRock Hospitality's stock. Their forecasts range from $4.00 to $10.00. On average, they anticipate DiamondRock Hospitality's stock price to reach $5.86 in the next year. This suggests that the stock has a possible downside of 2.2%. View analysts' price targets for DiamondRock Hospitality.

News stories about DRH stock have been trending very negative on Sunday, according to InfoTrie Sentiment. The research firm ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. DiamondRock Hospitality earned a news impact score of -3.5 on InfoTrie's scale. They also assigned news headlines about the real estate investment trust a news buzz of 9.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the immediate future. View the latest news aboutDiamondRock Hospitality.

DiamondRock Hospitality saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 9,520,000 shares, an increase of 49.2% from the April 30th total of 6,380,000 shares. Based on an average trading volume of 4,280,000 shares, the days-to-cover ratio is currently 2.2 days. Approximately 4.8% of the company's shares are short sold. View DiamondRock Hospitality's Current Options Chain.

Some companies that are related to DiamondRock Hospitality include American Tower (AMT), Public Storage (PSA), Welltower (WELL), Weyerhaeuser (WY), Ventas (VTR), HCP (HCP), Extra Space Storage (EXR), 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). View all competitors.

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), General Electric (GE), CBL & Associates Properties (CBL), Ford Motor (F), NGL Energy Partners (NGL), Invesco Mortgage Capital (IVR), 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 a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (18.93%), Invesco Ltd. (7.02%), State Street Corp (5.83%), Morgan Stanley (4.02%), Morgan Stanley (4.02%) and JPMorgan Chase & Co. (2.10%). View institutional ownership trends for DiamondRock Hospitality.

DRH stock was sold by a variety of institutional investors in the last quarter, including Deutsche Bank AG, Centersquare Investment Management LLC, Russell Investments Group Ltd., Nuveen Asset Management LLC, Morgan Stanley, Morgan Stanley, Bank of New York Mellon Corp, and AQR Capital Management LLC. View insider buying and selling activity for DiamondRock Hospitality.

DRH stock was purchased by a variety of institutional investors in the last quarter, including Invesco Ltd., Balyasny Asset Management LLC, State Street Corp, Grantham Mayo Van Otterloo & Co. LLC, BlackRock Inc., Victory Capital Management Inc., Victory Capital Management Inc., and Wells Fargo & Company MN. 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 $5.99.

DiamondRock Hospitality has a market capitalization of $1.20 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]