DiamondRock Hospitality - DRH Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for DiamondRock Hospitality in the last year. There are currently 1 sell rating, 4 hold ratings and 3 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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8 analysts have issued 1-year target prices for DiamondRock Hospitality's stock. Their DRH share price forecasts range from $10.00 to $12.00. On average, they anticipate the company's share price to reach $10.60 in the next twelve months. This suggests a possible upside of 20.3% from the stock's current price.
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DiamondRock Hospitality's stock was trading at $9.61 at the beginning of 2022. Since then, DRH stock has decreased by 8.3% and is now trading at $8.81.
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DiamondRock Hospitality saw a decrease in short interest in the month of October. As of October 31st, there was short interest totaling 4,790,000 shares, a decrease of 23.0% from the October 15th total of 6,220,000 shares. Based on an average trading volume of 2,110,000 shares, the short-interest ratio is presently 2.3 days. Approximately 2.3% of the company's stock are short sold.
View DiamondRock Hospitality's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
View our DRH earnings forecast.

DiamondRock Hospitality (NYSE:DRH) posted its quarterly earnings results on Thursday, May, 5th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the consensus estimate 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 net margin of 9.40% and a trailing twelve-month return on equity of 5.65%. DiamondRock Hospitality's revenue was up 170.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.12) earnings per share.

DiamondRock Hospitality declared a quarterly dividend on Tuesday, August 2nd. Stockholders 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 yield of 1.36%. 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 1.35%. The dividend payout ratio is 33.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DRH will have a dividend payout ratio of 11.21% 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 retail and institutional investors. Top institutional investors include BlackRock Inc. (18.62%), Vanguard Group Inc. (17.53%), State Street Corp (6.40%), Macquarie Group Ltd. (3.13%), Pzena Investment Management LLC (3.08%) and Heitman Real Estate Securities LLC (1.86%). 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 $8.81.

DiamondRock Hospitality (NYSE:DRH) has a market capitalization of $1.86 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 $0.36 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.