NYSE:DRH DiamondRock Hospitality - DRH Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding DiamondRock Hospitality Please log in to your account or sign up in order to add this asset to your watchlist. $7.40 +0.06 (+0.82%) (As of 03/24/2023 12:00 AM ET) Add Compare Share Share Today's Range$7.14▼$7.4450-Day Range$7.34▼$9.9852-Week Range$7.14▼$11.15Volume4.74 million shsAverage Volume2.56 million shsMarket Capitalization$1.55 billionP/E Ratio16.09Dividend Yield1.62%Price Target$10.50 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media DiamondRock Hospitality MarketRank™ ForecastAnalyst RatingHold2.29 Rating ScoreUpside/Downside41.9% Upside$10.50 Price TargetShort InterestHealthy2.29% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.68Based on 2 Articles This WeekInsider TradingN/AProj. Earnings Growth2.97%From $1.01 to $1.04 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.44 out of 5 starsFinance Sector517th out of 868 stocksReal Estate Investment Trusts Industry119th out of 190 stocks 3.1 Analyst's Opinion Consensus RatingDiamondRock Hospitality has received a consensus rating of Hold. The company's average rating score is 2.29, and is based on 3 buy ratings, 3 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $10.50, DiamondRock Hospitality has a forecasted upside of 41.9% from its current price of $7.40.Amount of Analyst CoverageDiamondRock Hospitality has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.29% of the float of DiamondRock Hospitality has been sold short.Short Interest Ratio / Days to CoverDiamondRock Hospitality has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in DiamondRock Hospitality has recently increased by 8.82%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldDiamondRock Hospitality pays a meaningful dividend of 1.60%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthDiamondRock Hospitality does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of DiamondRock Hospitality is 26.09%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, DiamondRock Hospitality will have a dividend payout ratio of 11.54% next year. This indicates that DiamondRock Hospitality will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for DRH. Previous Next 2.0 News and Social Media Coverage News SentimentDiamondRock Hospitality has a news sentiment score of 0.68. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 2 news articles for DiamondRock Hospitality this week, compared to 1 article on an average week. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, DiamondRock Hospitality insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.40% of the stock of DiamondRock Hospitality is held by insiders. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for DiamondRock Hospitality are expected to grow by 2.97% in the coming year, from $1.01 to $1.04 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of DiamondRock Hospitality is 16.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.03.Price to Earnings Ratio vs. SectorThe P/E ratio of DiamondRock Hospitality is 16.09, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 129.83.Price to Book Value per Share RatioDiamondRock Hospitality has a P/B Ratio of 0.98. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About DiamondRock Hospitality (NYSE:DRH) StockDiamondRock Hospitality Co. is a real estate investment trust which focuses on lodging properties. It engages in the acquisition, ownership, asset management, and renovation of hotels and resorts. Its brands include Autograph Collection Hotels, Courtyard Marriott, Hilton Garden Inn, Hilton Hotels & Resorts, JW Marriott, and Kimpton Hotels & Restaurants. The company was founded by Mark W. Brugger, William W. McCarten, and John L. Williams in 2004 and is headquartered in Bethesda, MD.Read More Receive DRH Stock News and Ratings via Email Sign-up to receive the latest news and ratings for DiamondRock Hospitality and its competitors with MarketBeat's FREE daily newsletter. Email Address DRH Stock News HeadlinesMarch 24, 2023 | finance.yahoo.comDIAMONDROCK HOSPITALITY ANNOUNCES FIRST QUARTER 2023 EARNINGS RELEASE AND CONFERENCE CALLMarch 18, 2023 | americanbankingnews.comDiamondRock Hospitality (NYSE:DRH) Coverage Initiated by Analysts at StockNews.comMarch 25, 2023 | Weiss Ratings (Ad)Fed's Shocking New Plan to Control Your MoneyThe Federal Reserve has a disturbing plan that is getting ready to roll out as soon as May. This is a lot more than printing trillions of dollars or manipulating interest rates. It's about every checking account, every purchase and every money transfer in America — including yours and mine. March 3, 2023 | bizjournals.comGet to know the new owner of Lake Austin Spa ResortFebruary 23, 2023 | finance.yahoo.comGet to know new owner of Lake Austin Spa ResortFebruary 23, 2023 | seekingalpha.comDiamondRock Hospitality Company (DRH) Q4 2022 Earnings Call TranscriptFebruary 23, 2023 | markets.businessinsider.comRobert W. Baird Keeps Their Buy Rating on Diamondrock (DRH)February 22, 2023 | finance.yahoo.comQ4 2022 Diamondrock Hospitality Co Earnings CallMarch 25, 2023 | Weiss Ratings (Ad)Fed's Shocking New Plan to Control Your MoneyThe Federal Reserve has a disturbing plan that is getting ready to roll out as soon as May. This is a lot more than printing trillions of dollars or manipulating interest rates. It's about every checking account, every purchase and every money transfer in America — including yours and mine. February 21, 2023 | msn.comDiamondRock Hospitality FFO of $0.23 beats by $0.02, revenue of $255.1M beats by $3.56MFebruary 20, 2023 | msn.comDiamondrock Hospitality's Earnings: A PreviewJanuary 24, 2023 | finance.yahoo.comDIAMONDROCK HOSPITALITY COMPANY ANNOUNCES TAX TREATMENT OF 2022 DIVIDENDSJanuary 17, 2023 | finance.yahoo.comDiamondRock Hospitality Company (NYSE:DRH) Stock Is Going Strong But Fundamentals Look Uncertain: What Lies Ahead ?January 13, 2023 | seekingalpha.comDiamondRock Hospitality prelim Q4 comparable revenue up 23% on strong travel demandDecember 28, 2022 | seekingalpha.comDiamondRock Hospitality: Low LTV Ratio Makes 7.6% Yielding Preferreds AppealingDecember 23, 2022 | wsj.comDiamondrock Hospitality Co. 8.25% Cum. Pfd.December 7, 2022 | finance.yahoo.comDIAMONDROCK HOSPITALITY COMPANY DECLARES DIVIDENDS FOR FOURTH QUARTER 2022November 4, 2022 | seekingalpha.comDiamondRock Hospitality Company (DRH) Q3 2022 Earnings Call TranscriptNovember 4, 2022 | finance.yahoo.comDIAMONDROCK HOSPITALITY COMPANY REPORTS THIRD QUARTER RESULTSNovember 4, 2022 | finance.yahoo.comDiamondRock Hospitality (DRH) Q3 FFO and Revenues Top EstimatesOctober 29, 2022 | finance.yahoo.comInvestors who have held DiamondRock Hospitality (NYSE:DRH) over the last five years have watched its earnings decline along with their investmentSeptember 28, 2022 | finance.yahoo.comDIAMONDROCK HOSPITALITY COMPLETES $1.2 BILLION REFINANCINGSeptember 24, 2022 | seekingalpha.comDiamondRock Hospitality: An 8.8% Yield To Call With The Preferred SharesSeptember 23, 2022 | nasdaq.comDiamondRock Hospitality Becomes OversoldSeptember 1, 2022 | finance.yahoo.comDIAMONDROCK HOSPITALITY DECLARES DIVIDEND OF $0.03 PER SHAREAugust 31, 2022 | finance.yahoo.comDIAMONDROCK HOSPITALITY ANNOUNCES THIRD QUARTER 2022 EARNINGS RELEASE AND CONFERENCE CALLAugust 29, 2022 | markets.businessinsider.comExpert Ratings for Diamondrock HospitalitySee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive DRH Stock News and Ratings via Email Sign-up to receive the latest news and ratings for DiamondRock Hospitality and its competitors with MarketBeat's FREE daily newsletter. Email Address DRH Company Calendar Last Earnings5/05/2022Ex-Dividend for 1/12 Dividend12/29/2022Dividend Payable1/12/2023Today3/25/2023Ex-Dividend for 4/12 Dividend3/30/2023Dividend Payable4/12/2023Next Earnings (Estimated)5/04/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustrySpecialized REITs SectorFinance Current SymbolNYSE:DRH CUSIP25278430 CIK1298946 Webwww.drhc.com Phone(240) 744-1150FaxN/AEmployees28Year FoundedN/APrice Target and Rating Average Stock Price Forecast$10.50 High Stock Price Forecast$11.00 Low Stock Price Forecast$9.50 Forecasted Upside/Downside+41.9%Consensus RatingHold Rating Score (0-4)2.29 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$0.46 Trailing P/E Ratio16.09 Forward P/E Ratio7.33 P/E GrowthN/ANet Income$109.33 million Net Margins10.92% Pretax Margin11.21% Return on Equity6.93% Return on Assets3.41% Debt Debt-to-Equity Ratio0.74 Current Ratio1.70 Quick Ratio1.70 Sales & Book Value Annual Sales$1.00 billion Price / Sales1.55 Cash Flow$0.97 per share Price / Cash Flow7.64 Book Value$7.57 per share Price / Book0.98Miscellaneous Outstanding Shares209,550,000Free Float206,619,000Market Cap$1.55 billion OptionableOptionable Beta1.66 Key ExecutivesMark W. BruggerPresident, Chief Executive Officer & DirectorJustin L. LeonardChief Operating Officer & Executive Vice PresidentJeff DonnellyChief Financial Officer & Executive Vice PresidentWilliam J. TennisSecretary, Executive VP & General CounselTroy G. FurbayChief Investment Officer & Executive VPKey CompetitorsPebblebrook Hotel TrustNYSE:PEBRLJ Lodging TrustNYSE:RLJService Properties TrustNASDAQ:SVCLTC PropertiesNYSE:LTCNational Health InvestorsNYSE:NHIView All CompetitorsInstitutional OwnershipMetLife Investment Management LLCSold 4,425 shares on 3/23/2023Ownership: 0.050%Victory Capital Management Inc.Sold 1,131,668 shares on 3/10/2023Ownership: 0.989%Voya Investment Management LLCBought 88,181 shares on 2/28/2023Ownership: 0.080%NatixisBought 114,300 shares on 2/24/2023Ownership: 0.054%Macquarie Group Ltd.Bought 147,096 shares on 2/21/2023Ownership: 3.195%View All Institutional Transactions DRH Stock - Frequently Asked Questions Should I buy or sell DiamondRock Hospitality stock right now? 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for DiamondRock Hospitality in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities 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. View DRH analyst ratings or view top-rated stocks. What is DiamondRock Hospitality's stock price forecast for 2023? 7 equities research analysts have issued 12-month price targets for DiamondRock Hospitality's stock. Their DRH share price forecasts range from $9.50 to $11.00. On average, they expect the company's share price to reach $10.50 in the next year. This suggests a possible upside of 41.9% from the stock's current price. View analysts price targets for DRH or view top-rated stocks among Wall Street analysts. How have DRH shares performed in 2023? DiamondRock Hospitality's stock was trading at $8.19 at the start of the year. Since then, DRH shares have decreased by 9.6% and is now trading at $7.40. View the best growth stocks for 2023 here. Are investors shorting DiamondRock Hospitality? DiamondRock Hospitality saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 4,690,000 shares, an increase of 8.8% from the February 13th total of 4,310,000 shares. Based on an average daily volume of 1,620,000 shares, the short-interest ratio is currently 2.9 days. Approximately 2.3% of the shares of the company are sold short. View DiamondRock Hospitality's Short Interest. When is DiamondRock Hospitality's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023. View our DRH earnings forecast. How were DiamondRock Hospitality's earnings last quarter? DiamondRock Hospitality (NYSE:DRH) released its earnings results on Thursday, May, 5th. The real estate investment trust reported $0.04 earnings per share 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 analysts' expectations of $179.36 million. DiamondRock Hospitality had a net margin of 10.92% and a trailing twelve-month return on equity of 6.93%. The company's revenue for the quarter was up 170.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.12) earnings per share. How often does DiamondRock Hospitality pay dividends? What is the dividend yield for DiamondRock Hospitality? DiamondRock Hospitality declared a quarterly dividend on Thursday, March 2nd. Shareholders of record on Friday, March 31st will be given a dividend of $0.03 per share on Wednesday, April 12th. This represents a $0.12 annualized dividend and a yield of 1.62%. The ex-dividend date is Thursday, March 30th. Read our dividend analysis for DRH. What ETFs hold DiamondRock Hospitality's stock? ETFs with the largest weight of DiamondRock Hospitality (NYSE:DRH) stock in their portfolio include Principal Real Estate Active Opportunities ETF (BYRE), Fidelity Real Estate Investment ETF (FPRO), Nuveen Short-Term REIT ETF (NURE), Kelly Hotel & Lodging Sector ETF (HOTL), Invesco S&P SmallCap Financials ETF (PSCF), First Trust Small Cap Value AlphaDEX Fund (FYT), iShares S&P Small-Cap 600 Value ETF (IJS) and SPDR S&P 600 Small CapValue ETF (SLYV). Is DiamondRock Hospitality a good dividend stock? DiamondRock Hospitality (NYSE:DRH) pays an annual dividend of $0.12 per share and currently has a dividend yield of 1.50%. The dividend payout ratio is 26.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DRH will have a dividend payout ratio of 11.54% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for DRH. What is Mark W. Brugger's approval rating as DiamondRock Hospitality's CEO? 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. What other stocks do shareholders of DiamondRock Hospitality own? 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). What is DiamondRock Hospitality's stock symbol? DiamondRock Hospitality trades on the New York Stock Exchange (NYSE) under the ticker symbol "DRH." Who are DiamondRock Hospitality's major shareholders? DiamondRock Hospitality's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Principal Financial Group Inc. (3.99%), Macquarie Group Ltd. (3.20%), Pzena Investment Management LLC (2.99%), Geode Capital Management LLC (2.05%), Charles Schwab Investment Management Inc. (1.71%) and Dimensional Fund Advisors LP (1.36%). Insiders that own company stock include Briony R Quinn, Jeffrey Donnelly, Mark W Brugger and William J Tennis. View institutional ownership trends. How do I buy shares of DiamondRock Hospitality? 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. Compare Top Brokerages Here. What is DiamondRock Hospitality's stock price today? One share of DRH stock can currently be purchased for approximately $7.40. How much money does DiamondRock Hospitality make? DiamondRock Hospitality (NYSE:DRH) has a market capitalization of $1.55 billion and generates $1.00 billion in revenue each year. The real estate investment trust earns $109.33 million in net income (profit) each year or $0.46 on an earnings per share basis. How can I contact DiamondRock Hospitality? 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. This page (NYSE:DRH) was last updated on 3/25/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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