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NYSE:DRH

DiamondRock Hospitality - DRH Stock Forecast, Price & News

$9.06
+0.18 (+2.03%)
(As of 12/8/2022 12:00 AM ET)
Add
Compare
Today's Range
$8.97
$9.16
50-Day Range
$7.45
$9.41
52-Week Range
$7.18
$11.15
Volume
1.93 million shs
Average Volume
2.06 million shs
Market Capitalization
$1.91 billion
P/E Ratio
25.17
Dividend Yield
1.35%
Price Target
$10.60

DiamondRock Hospitality MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
17.0% Upside
$10.60 Price Target
Short Interest
Healthy
2.18% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.88mentions of DiamondRock Hospitality in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.00%
From $1.00 to $1.06 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.26 out of 5 stars

Finance Sector

526th out of 862 stocks

Real Estate Investment Trusts Industry

117th out of 191 stocks

DRH stock logo

About DiamondRock Hospitality (NYSE:DRH) Stock

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 31 premium quality hotels with over 10,000 rooms. The Company has strategically positioned its hotels to be operated both under leading global brand families as well as unique boutique hotels in the lifestyle segment.

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DRH Stock News Headlines

DIAMONDROCK HOSPITALITY COMPLETES $1.2 BILLION REFINANCING
DiamondRock Hospitality Becomes Oversold
Expert Ratings for Diamondrock Hospitality
Diamondrock Hospitality Co - Stock News
What 5 Analyst Ratings Have To Say About Diamondrock Hospitality
Analyst Ratings for Diamondrock Hospitality
See More Headlines
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DRH Company Calendar

Last Earnings
5/05/2022
Ex-Dividend for 10/12 Dividend
9/29/2022
Dividend Payable
10/12/2022
Today
12/08/2022
Ex-Dividend for 1/12 Dividend
12/29/2022
Fiscal Year End
12/31/2022
Dividend Payable
1/12/2023
Next Earnings (Estimated)
2/16/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Specialized REITs
Sector
Finance
CUSIP
25278430
Fax
N/A
Employees
28
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$10.60
High Stock Price Forecast
$12.00
Low Stock Price Forecast
$10.00
Forecasted Upside/Downside
+17.0%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
8 Analysts

Profitability

Net Income
$-194,580,000.00
Pretax Margin
9.73%

Debt

Sales & Book Value

Annual Sales
$567.13 million
Book Value
$7.22 per share

Miscellaneous

Free Float
207,970,000
Market Cap
$1.91 billion
Optionable
Optionable
Beta
1.62

Key Executives

  • Mr. Mark W. Brugger (Age 52)
    Co-Founder, Pres, CEO & Director
    Comp: $2.69M
  • Mr. Jeffrey John Donnelly C.F.A. (Age 51)
    Exec. VP & CFO
    Comp: $1.17M
  • Mr. Troy G. Furbay (Age 55)
    Exec. VP & Chief Investment Officer
    Comp: $1.21M
  • Mr. William J. TennisMr. William J. Tennis (Age 67)
    Exec. VP, Gen. Counsel & Corp. Sec.
    Comp: $1.05M
  • Mr. Justin L. Leonard (Age 44)
    Exec. VP & COO
  • Mr. Dustin Resnick
    VP of Acquisitions and Investments
  • Ms. Briony R. Quinn CPA (Age 51)
    Sr. VP & Treasurer
  • Mr. Ben Nelson
    VP & Corp. Controller













DRH Stock - Frequently Asked Questions

Should I buy or sell DiamondRock Hospitality stock right now?

8 Wall Street 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 3 buy ratings for the stock. The consensus among Wall Street 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?

8 brokerages have issued 12-month price objectives for DiamondRock Hospitality's stock. Their DRH share price forecasts range from $10.00 to $12.00. On average, they expect the company's stock price to reach $10.60 in the next year. This suggests a possible upside of 19.4% 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 2022?

DiamondRock Hospitality's stock was trading at $9.61 on January 1st, 2022. Since then, DRH shares have decreased by 7.6% and is now trading at $8.88.
View the best growth stocks for 2022 here
.

Are investors shorting DiamondRock Hospitality?

DiamondRock Hospitality saw a decline in short interest during the month of October. As of October 31st, there was short interest totaling 4,790,000 shares, a decline of 23.0% from the October 15th total of 6,220,000 shares. Based on an average daily trading volume, of 2,110,000 shares, the short-interest ratio is presently 2.3 days. Currently, 2.3% of the shares of the stock 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, February 16th 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 EPS 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 analyst estimates of $179.36 million. DiamondRock Hospitality had a trailing twelve-month return on equity of 5.65% and a net margin of 9.40%. The firm's revenue was up 170.0% compared to the same quarter last year. During the same quarter last 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 None dividend on Wednesday, December 7th. Investors of record on Friday, December 30th will be paid a dividend of $0.06 per share on Thursday, January 12th. The ex-dividend date of this dividend is Thursday, December 29th.
Read our dividend analysis for DRH
.

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 1.36%. 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 11.32% 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 many different institutional and retail investors. Top institutional shareholders 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.
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 $8.88.

How much money does DiamondRock Hospitality make?

DiamondRock Hospitality (NYSE:DRH) has a market capitalization of $1.87 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.

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 12/8/2022 by MarketBeat.com Staff