DiamondRock Hospitality - DRH Stock Forecast, Price & News

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.
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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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
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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.

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.

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).

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.

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."

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.
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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 $7.40.

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.

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.