DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in top gateway markets and destination resort locations. The Company owns 30 premium quality hotels with over 9,900 rooms. The Company has strategically positioned its hotels to be operated both under leading global brand families such as Hilton and Marriott as well as unique boutique hotels in the lifestyle segment.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
Current SymbolNYSE:DRH
Previous Symbol
CUSIP25278430
Phone240-744-1150
Debt
Debt-to-Equity Ratio0.49
Current Ratio2.48
Quick Ratio2.48
Price-To-Earnings
Trailing P/E Ratio9.81
Forward P/E Ratio9.81
P/E Growth2.83
Sales & Book Value
Annual Sales$870.01 million
Price / Sales2.37
Cash Flow$0.9253 per share
Price / Cash Flow10.71
Book Value$9.15 per share
Price / Book1.08
Profitability
EPS (Most Recent Fiscal Year)$1.00
Net Income$91.87 million
Net Margins10.45%
Return on Equity4.74%
Return on Assets2.82%
Miscellaneous
Employees29
Outstanding Shares207,920,000
Market Cap$2.06 billion
OptionableOptionable
DiamondRock Hospitality (NYSE:DRH) Frequently Asked Questions
What is DiamondRock Hospitality's stock symbol?
DiamondRock Hospitality trades on the New York Stock Exchange (NYSE) under the ticker symbol "DRH."
How often does DiamondRock Hospitality pay dividends? What is the dividend yield for DiamondRock Hospitality?
DiamondRock Hospitality declared a quarterly dividend on Friday, September 14th. Stockholders of record on Friday, September 28th will be given a dividend of $0.125 per share on Friday, October 12th. This represents a $0.50 annualized dividend and a dividend yield of 5.05%. The ex-dividend date of this dividend is Thursday, September 27th. View DiamondRock Hospitality's Dividend History.
How were DiamondRock Hospitality's earnings last quarter?
DiamondRock Hospitality (NYSE:DRH) released its quarterly earnings results on Monday, November, 5th. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.26 by $0.12. The real estate investment trust had revenue of $220.81 million for the quarter, compared to the consensus estimate of $227.40 million. DiamondRock Hospitality had a net margin of 10.45% and a return on equity of 4.74%. The business's quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.25 EPS. View DiamondRock Hospitality's Earnings History.
When is DiamondRock Hospitality's next earnings date?
What guidance has DiamondRock Hospitality issued on next quarter's earnings?
DiamondRock Hospitality issued an update on its FY 2018 earnings guidance on Monday, November, 5th. The company provided EPS guidance of $0.99-1.01 for the period.
What price target have analysts set for DRH?
6 brokers have issued twelve-month price targets for DiamondRock Hospitality's stock. Their predictions range from $10.00 to $14.00. On average, they expect DiamondRock Hospitality's stock price to reach $11.8750 in the next year. This suggests a possible upside of 19.8% from the stock's current price. View Analyst Price Targets for DiamondRock Hospitality.
What is the consensus analysts' recommendation for DiamondRock Hospitality?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for DiamondRock Hospitality in the last year. There are currently 3 sell ratings, 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for DiamondRock Hospitality.
What are Wall Street analysts saying about DiamondRock Hospitality stock?
Here are some recent quotes from research analysts about DiamondRock Hospitality stock:
- 1. According to Zacks Investment Research, "DiamondRock Hospitality Company is a self-advised real estate company that owns, acquires and invests in upper upscale and upscale hotel properties located primarily in North America. To a lesser extent, it may invest, on a selective basis, in premium limited-service and extended-stay hotel properties in urban locations. The Company has a strategic acquisition sourcing relationship with Marriott International. " (10/25/2018)
- 2. Boenning Scattergood analysts commented, "We remain Neutral-rated on the company for the time being. Key Points: FFO Beat: DRH reported Adjusted FFO of $0.25 per share, two cents ahead of consensus and a penny ahead of last year. Full year Adjusted FFO came in at $1.00 per share, a two-cent decline compared to last year, yet also two cents ahead of the prior top end of guidance. RevPAR Up 3.8%: RevPAR increased by 3.8% to $184.24. ADR rose 1.7% to $236.95 with a 170 bps occupancy increase to 77.8%. Full year RevPAR was up 2.5% to $184.09 at the high end of 2017 guidance. Business transient, representing one-third of total revenue, outperformed with an 11.2% increase while short-term booking saw double digit growth; full year group business also outperformed by increasing 2.5%. Chicago Gwen, Westin Fort Lauderdale Beach Resort, Boston Renaissance, and Charleston Renaissance led the portfolio growth while New York City also outperformed." (2/28/2018)
Has DiamondRock Hospitality been receiving favorable news coverage?
Media headlines about DRH stock have been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. DiamondRock Hospitality earned a coverage optimism score of 1.0 on InfoTrie's scale. They also assigned media stories about the real estate investment trust a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near term.
Are investors shorting DiamondRock Hospitality?
DiamondRock Hospitality saw a drop in short interest during the month of November. As of November 30th, there was short interest totalling 9,797,674 shares, a drop of 25.9% from the November 15th total of 13,215,013 shares. Based on an average trading volume of 3,113,452 shares, the days-to-cover ratio is presently 3.1 days. Currently, 4.8% of the shares of the stock are sold short. View DiamondRock Hospitality's Current Options Chain.
Who are some of DiamondRock Hospitality's key competitors?
Some companies that are related to DiamondRock Hospitality include National Retail Properties (NNN), VICI Properties (VICI), SL Green Realty (SLG), Vereit (VER), Gaming and Leisure Properties (GLPI), Omega Healthcare Investors (OHI), Apartment Investment and Management (AIV), Lamar Advertising (LAMR), Kimco Realty (KIM), Liberty Property Trust (LPT), Macerich (MAC), Kilroy Realty (KRC), Store Capital (STOR), CyrusOne (CONE) and Medical Properties Trust (MPW).
Who are DiamondRock Hospitality's key executives?
DiamondRock Hospitality's management team includes the folowing people:
- Mr. Mark W. Brugger, Pres, CEO & Director (Age 48)
- Mr. Thomas G. Healy, Exec. VP of Asset Management & COO (Age 50)
- Mr. Troy G. Furbay, Exec. VP & Chief Investment Officer (Age 51)
- Mr. William J. Tennis, Exec. VP, Gen. Counsel & Corp. Sec. (Age 63)
- Mr. Jay Lecoryelle Johnson, Exec. VP & CFO
Who are DiamondRock Hospitality's major shareholders?
DiamondRock Hospitality's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (18.48%), Vanguard Group Inc. (15.16%), Vanguard Group Inc (15.16%), FMR LLC (7.82%), Prudential Financial Inc. (3.57%) and Resolution Capital Ltd (3.48%). 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.
Which major investors are selling DiamondRock Hospitality stock?
DRH stock was sold by a variety of institutional investors in the last quarter, including Citadel Advisors LLC, Prudential Financial Inc., Resolution Capital Ltd, Panagora Asset Management Inc., Schroder Investment Management Group, FMR LLC, First Trust Advisors LP and Vident Investment Advisory LLC. Company insiders that have sold DiamondRock Hospitality company stock in the last year include Briony R Quinn, Gilbert T Ray and William J Tennis. View Insider Buying and Selling for DiamondRock Hospitality.
Which major investors are buying DiamondRock Hospitality stock?
DRH stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Vanguard Group Inc, Vanguard Group Inc., Adelante Capital Management LLC, LSV Asset Management, Mesirow Financial Investment Management Equity Management, Standard Life Aberdeen plc and Victory Capital Management Inc.. View Insider Buying and Selling for DiamondRock Hospitality.
How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.
What is DiamondRock Hospitality's stock price today?
One share of DRH stock can currently be purchased for approximately $9.91.
How big of a company is DiamondRock Hospitality?
DiamondRock Hospitality has a market capitalization of $2.06 billion and generates $870.01 million in revenue each year. The real estate investment trust earns $91.87 million in net income (profit) each year or $1.00 on an earnings per share basis. DiamondRock Hospitality employs 29 workers across the globe.
What is DiamondRock Hospitality's official website?
How can I contact DiamondRock Hospitality?
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]
MarketBeat Community Rating for DiamondRock Hospitality (NYSE DRH)
MarketBeat's community ratings are surveys of what our community members think about DiamondRock Hospitality and other stocks. Vote "Outperform" if you believe DRH will outperform the S&P 500 over the long term. Vote "Underperform" if you believe DRH will underperform the S&P 500 over the long term. You may vote once every thirty days.
