DiamondRock Hospitality Stock Forecast, Price & News

DiamondRock Hospitality's stock was trading at $6.33 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, DRH stock has increased by 40.3% and is now trading at $8.88.
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13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for DiamondRock Hospitality in the last year. There are currently 3 sell ratings, 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" DiamondRock Hospitality stock. 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.
View analyst ratings for DiamondRock Hospitality or view MarketBeat's top 5 stock picks.

Wall Street analysts have given DiamondRock Hospitality a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but DiamondRock Hospitality wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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6,978 employees have rated DiamondRock Hospitality CEO Larry J. Merlo on Glassdoor.com. Larry J. Merlo has an approval rating of 37% among DiamondRock Hospitality's employees. This puts Larry J. Merlo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

DiamondRock Hospitality is scheduled to release its next quarterly earnings announcement on Wednesday, February 24th 2021.
View our earnings forecast for DiamondRock Hospitality.

DiamondRock Hospitality will be holding an earnings conference call on Wednesday, February 24th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

DiamondRock Hospitality (NYSE:DRH) posted its earnings results on Thursday, November, 5th. The real estate investment trust reported ($0.40) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.16) by $0.24. The real estate investment trust earned $50.10 million during the quarter, compared to the consensus estimate of $55.06 million. DiamondRock Hospitality had a negative return on equity of 2.84% and a negative net margin of 11.06%. The business's revenue for the quarter was down 79.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 EPS.
View DiamondRock Hospitality's earnings history.

13 brokers have issued 1 year price targets for DiamondRock Hospitality's stock. Their forecasts range from $4.00 to $10.00. On average, they anticipate DiamondRock Hospitality's share price to reach $7.02 in the next year. This suggests that the stock has a possible downside of 20.9%.
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DiamondRock Hospitality saw a increase in short interest during the month of December. As of December 31st, there was short interest totaling 6,810,000 shares, an increase of 18.0% from the December 15th total of 5,770,000 shares. Based on an average daily volume of 2,680,000 shares, the days-to-cover ratio is presently 2.5 days. Approximately 3.5% of the shares of the stock 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), Omega Healthcare Investors (OHI), CubeSmart (CUBE), Life Storage (LSI), Rayonier (RYN), Healthcare Realty Trust (HR), Ryman Hospitality Properties (RHP) 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 (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 many different retail and institutional investors. Top institutional shareholders include Smith Graham & Co. Investment Advisors LP (0.53%), State of Alaska Department of Revenue (0.11%), Pendal Group Limited (0.06%), Exchange Traded Concepts LLC (0.03%) and First Hawaiian Bank (0.02%). Company insiders that own DiamondRock Hospitality stock include Briony R Quinn, Jeffrey Donnelly, 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 State of Alaska Department of Revenue, Smith Graham & Co. Investment Advisors LP, and First Hawaiian Bank. Company insiders that have sold DiamondRock Hospitality company stock in the last year include Briony R Quinn, and William J Tennis.
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DRH stock was purchased by a variety of institutional investors in the last quarter, including Pendal Group Limited, and Exchange Traded Concepts LLC.
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Shares of DRH 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.

One share of DRH stock can currently be purchased for approximately $8.88.

DiamondRock Hospitality has a market capitalization of $1.77 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]