DiamondRock Hospitality - DRH Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for DiamondRock Hospitality in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" DRH shares. 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.
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7 brokerages have issued twelve-month target prices for DiamondRock Hospitality's shares. Their DRH share price forecasts range from $10.00 to $12.00. On average, they predict the company's share price to reach $10.63 in the next twelve months. This suggests a possible upside of 33.1% from the stock's current price.
View analysts price targets for DRH or view top-rated stocks among Wall Street analysts.

DiamondRock Hospitality's stock was trading at $9.61 at the beginning of the year. Since then, DRH shares have decreased by 17.0% and is now trading at $7.98.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our DRH earnings forecast.

DiamondRock Hospitality will be holding an earnings conference call on Friday, November 4th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

DiamondRock Hospitality (NYSE:DRH) announced its quarterly earnings data on Thursday, May, 5th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by $0.03. The real estate investment trust had revenue of $196.80 million for the quarter, compared to the consensus estimate of $179.36 million. DiamondRock Hospitality had a trailing twelve-month return on equity of 3.76% and a net margin of 6.82%. The business's revenue was up 170.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.12) EPS.

DiamondRock Hospitality declared a quarterly dividend on Tuesday, August 2nd. Investors of record on Friday, September 30th will be paid a dividend of $0.03 per share on Wednesday, October 12th. This represents a $0.12 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Thursday, September 29th.
Read our dividend analysis for DRH.

DiamondRock Hospitality (NYSE:DRH) pays an annual dividend of $0.12 per share and currently has a dividend yield of 1.49%. The dividend payout ratio is 54.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DRH will have a dividend payout ratio of 11.01% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DRH.

3 employees have rated DiamondRock Hospitality Chief Executive Officer Mark W. Brugger on Glassdoor.com. Mark W. Brugger has an approval rating of 100% among the company's employees. This puts Mark W. Brugger in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

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."

Shares of DRH stock 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.
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One share of DRH stock can currently be purchased for approximately $7.98.

DiamondRock Hospitality (NYSE:DRH) has a market capitalization of $1.68 billion and generates $567.13 million in revenue each year. The real estate investment trust earns $-194,580,000.00 in net income (profit) each year or $0.22 on an earnings per share basis.

DiamondRock Hospitality's mailing address is 2 BETHESDA METRO CENTER SUITE 1400, BETHESDA MD, 20814. The official website for the company is www.drhc.com. The real estate investment trust can be reached via phone at (240) 744-1150 or via email at info@drhc.com.