NYSE:DRH - DiamondRock Hospitality Stock Price, Forecast & News

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

DiamondRock Hospitality announced a quarterly dividend on Tuesday, December 17th. Investors 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 4.73%. The ex-dividend date is Tuesday, December 31st. View DiamondRock Hospitality's Dividend History.

DiamondRock Hospitality (NYSE:DRH) issued its quarterly earnings results on Thursday, August, 2nd. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.32 by $0.18. The real estate investment trust had revenue of $236.70 million for the quarter, compared to analyst estimates of $241.52 million. DiamondRock Hospitality had a return on equity of 10.07% and a net margin of 19.56%. The firm's revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.32 EPS. View DiamondRock Hospitality's Earnings History.

DiamondRock Hospitality is scheduled to release their next quarterly earnings announcement on Wednesday, May 13th 2020. View Earnings Estimates for DiamondRock Hospitality.

DiamondRock Hospitality updated 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.

4 brokers have issued 12-month target prices for DiamondRock Hospitality's shares. Their forecasts range from $10.00 to $12.00. On average, they anticipate DiamondRock Hospitality's stock price to reach $11.25 in the next year. This suggests a possible upside of 6.5% from the stock's current price. View Analyst Price Targets for DiamondRock Hospitality.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for DiamondRock Hospitality in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for DiamondRock Hospitality.

News coverage about DRH stock has been trending very negative this week, InfoTrie reports. The research firm rates the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. DiamondRock Hospitality earned a daily sentiment score of -3.0 on InfoTrie's scale. They also assigned news articles about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the next few days. View News Stories for DiamondRock Hospitality.

DiamondRock Hospitality saw a increase in short interest in January. As of January 15th, there was short interest totalling 8,320,000 shares, an increase of 24.2% from the December 31st total of 6,700,000 shares. Based on an average daily trading volume, of 2,260,000 shares, the days-to-cover ratio is currently 3.7 days. Approximately 4.2% 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), Ventas (VTR), Weyerhaeuser (WY), HCP (HCP), Extra Space Storage (EXR), Medical Properties Trust (MPW), Host Hotels and Resorts (HST), Omega Healthcare Investors (OHI), CubeSmart (CUBE), Life Storage (LSI), EPR Properties (EPR), Healthcare Realty Trust (HR) and Ryman Hospitality Properties (RHP).

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's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include FMR LLC (6.46%), State Street Corp (5.11%), LSV Asset Management (2.49%), Heitman Real Estate Securities LLC (1.99%), Charles Schwab Investment Management Inc. (1.88%) and Victory Capital Management Inc. (1.85%). Company insiders that own DiamondRock Hospitality stock include Briony R Quinn, Gilbert T Ray, Mark W Brugger, 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 Schroder Investment Management Group, State Street Corp, Prudential Financial Inc., Renaissance Technologies LLC, Standard Life Aberdeen plc, Bank of New York Mellon Corp, Victory Capital Management Inc. and Barclays PLC. View Insider Buying and Selling for DiamondRock Hospitality.

DRH stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Russell Investments Group Ltd., Bank of America Corp DE, Great West Life Assurance Co. Can, Bank of Montreal Can, Echo Street Capital Management LLC, Green Street Investors LLC and Foundry Partners LLC. View Insider Buying and Selling 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 $10.56.

DiamondRock Hospitality has a market capitalization of $2.11 billion and generates $938.09 million in revenue each year. The real estate investment trust earns $87.78 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]