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About Diamondrock Hospitality (NYSE:DRH)
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. As of February 26, 2018, the Company owns 28 premium quality hotels with over 9,600 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. For further information on the Company and its portfolio, please visit DiamondRock Hospitality Company's website at www.drhc.com.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
SymbolNYSE:DRH
CUSIP25278430
Phone240-744-1150
Debt
Debt-to-Equity Ratio0.52
Current Ratio1.43
Quick Ratio1.43
Price-To-Earnings
Trailing P/E Ratio11.92
Forward P/E Ratio11.57
P/E Growth2.32
Sales & Book Value
Annual Sales$870.01 million
Price / Sales2.75
Cash Flow$0.9255 per share
Price / Cash12.88
Book Value$9.06 per share
Price / Book1.32
Profitability
EPS (Most Recent Fiscal Year)$1.00
Net Income$91.87 million
Net Margins10.21%
Return on Equity4.77%
Return on Assets2.82%
Miscellaneous
Employees29
Outstanding Shares200,560,000
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 Monday, March 19th. Stockholders of record on Thursday, March 29th will be given a dividend of $0.125 per share on Thursday, April 12th. This represents a $0.50 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend is Wednesday, March 28th. View Diamondrock Hospitality's Dividend History.
How were Diamondrock Hospitality's earnings last quarter?
Diamondrock Hospitality (NYSE:DRH) posted its earnings results on Thursday, May, 3rd. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.15 by $0.13. The real estate investment trust had revenue of $181.50 million for the quarter, compared to the consensus estimate of $183.37 million. Diamondrock Hospitality had a return on equity of 4.77% and a net margin of 10.21%. The company's revenue was down 7.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.18 earnings per share. 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 updated its FY18 earnings guidance on Thursday, May, 3rd. The company provided EPS guidance of $1.01-1.05 for the period, compared to the Thomson Reuters consensus estimate of $1.02.
What price target have analysts set for DRH?
10 Wall Street analysts have issued 1-year target prices for Diamondrock Hospitality's shares. Their forecasts range from $10.00 to $13.00. On average, they expect Diamondrock Hospitality's share price to reach $11.8571 in the next year. 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. 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)
- 2. 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. " (11/14/2017)
- 3. Canaccord Genuity analysts commented, "We believe the expiration of the three managed-only facility contracts was not only immaterial to earnings, but also fairly well understood. After CXW’s peer put up a 2Q miss and guidance cut this morning, we believe expectations heading into CXW’s print this evening were low." (8/7/2017)
Who are some of Diamondrock Hospitality's key competitors?
Some companies that are related to Diamondrock Hospitality include Regency Centers (REG), United Dominion Realty Trust (UDR), Iron Mountain (IRM), Federal Realty Investment Trust (FRT), SL Green Realty (SLG), Macerich (MAC), Camden Property Trust (CPT), Equity Lifestyle Properties (ELS), AGNC Investment (AGNC), Gaming and Leisure Properties (GLPI), Sun Communities (SUI), Vici Properties (VICI), Kilroy Realty (KRC), W. P. Carey (WPC) and Lamar Advertising (LAMR).
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. Sean M. Mahoney CPA, Exec. VP, Treasurer & CFO (Age 46)
- Mr. Troy G. Furbay, Chief Investment Officer and Exec. VP (Age 51)
- Mr. William J. Tennis, Exec. VP, Gen. Counsel & Corp. Sec. (Age 63)
- Mr. Thomas G. Healy, Chief Operating Officer and Exec. VP of Asset Management (Age 50)
Has Diamondrock Hospitality been receiving favorable news coverage?
News coverage about DRH stock has been trending somewhat positive this week, according to Accern. The research group identifies negative and positive press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Diamondrock Hospitality earned a coverage optimism score of 0.06 on Accern's scale. They also assigned news articles about the real estate investment trust an impact score of 44.99 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next several days.
Who are Diamondrock Hospitality's major shareholders?
Diamondrock Hospitality's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (17.58%), Prudential Financial Inc. (3.97%), Resolution Capital Ltd (3.54%), Northern Trust Corp (3.45%), Victory Capital Management Inc. (1.69%) and Dimensional Fund Advisors LP (1.60%). Company insiders that own Diamondrock Hospitality stock include Gilbert T Ray, Mark W Brugger, Maureen L Mcavey and Sean M Mahoney. 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 Millennium Management LLC, Resolution Capital Ltd, Barclays PLC, Systematic Financial Management LP, Virginia Retirement Systems ET AL, Royal Bank of Canada, Thompson Investment Management Inc. and Sei Investments Co.. Company insiders that have sold Diamondrock Hospitality company stock in the last year include Gilbert T Ray and Maureen L Mcavey. View Insider Buying and Selling for Diamondrock Hospitality.
Which major investors are buying Diamondrock Hospitality stock?
DRH stock was bought by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Ceredex Value Advisors LLC, BlackRock Inc., JPMorgan Chase & Co., Echo Street Capital Management LLC, Matarin Capital Management LLC, Russell Investments Group Ltd. and LSV Asset Management. 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 $11.92.
How big of a company is Diamondrock Hospitality?
Diamondrock Hospitality has a market capitalization of $2.39 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.
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 (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.
Diamondrock Hospitality (NYSE:DRH) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
10 Wall Street analysts have issued ratings and price targets for Diamondrock Hospitality in the last 12 months. Their average twelve-month price target is $11.8571, suggesting that the stock has a possible downside of 0.53%. The high price target for DRH is $13.00 and the low price target for DRH is $10.00. There are currently 2 sell ratings, 1 hold rating and 7 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Hold |
| Consensus Rating Score: | 2.50 | 2.50 | 2.70 | 2.38 |
| Ratings Breakdown: | 2 Sell Rating(s)
1 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
1 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
4 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $11.8571 | $11.8571 | $12.00 | $12.00 |
| Price Target Upside: | 0.53% downside | 11.65% upside | 6.67% upside | 5.73% upside |
Diamondrock Hospitality (NYSE:DRH) Consensus Price Target History
Diamondrock Hospitality (NYSE:DRH) Analyst Ratings History
Show:
(Data available from 5/20/2016 forward)
Diamondrock Hospitality (NYSE:DRH) Dividend Information
Diamondrock Hospitality pays an annual dividend of $0.50 per share, with a dividend yield of 4.19%. DRH's most recent quarterly dividend payment was Thursday, April 12. Diamondrock Hospitality pays out 50.00% of its earnings out as a dividend.
| Most Recent Dividend: | 4/12/2018 |
| Annual Dividend: | $0.50 |
| Dividend Yield: | 4.19% |
| Dividend Growth: | 8.40% (3 Year Average) |
| Payout Ratio(s): | 50.00% (Trailing 12 Months of Earnings)
48.54% (Based on This Year's Estimates)
49.02% (Based on Next Year's Estimates)
54.03% (Based on Cash Flow)
|
| Frequency: | Quarterly Dividend |
Diamondrock Hospitality (NYSE:DRH) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/19/2018 | Quarterly | $0.1250 | 4.69% | 3/28/2018 | 3/29/2018 | 4/12/2018 |
| 12/14/2017 | quarterly | $0.1250 | 4.41% | 12/28/2017 | 12/29/2017 | 1/12/2018 |
| 9/18/2017 | Quarterly | $0.1250 | 4.64% | 9/28/2017 | 9/29/2017 | 10/12/2017 |
| 6/5/2017 | quarterly | $0.1250 | 4.5% | 6/28/2017 | 6/30/2017 | 7/12/2017 |
| 3/16/2017 | quarterly | $0.1250 | 4.49% | 3/29/2017 | 3/31/2017 | 4/12/2017 |
| 12/19/2016 | Quarterly | $0.1250 | | 12/28/2016 | 12/30/2016 | 1/17/2017 |
| 12/16/2016 | quarterly | $0.1250 | 4.42% | 12/28/2016 | 12/30/2016 | 1/12/2017 |
| 9/14/2016 | quarterly | $0.1250 | 5.45% | 9/28/2016 | 9/30/2016 | 10/12/2016 |
| 6/2/2016 | quarterly | $0.1250 | 5.42% | 6/28/2016 | 6/30/2016 | 7/12/2016 |
| 3/15/2016 | quarterly | $0.1250 | 5.35% | 3/29/2016 | 3/31/2016 | 4/12/2016 |
| 12/8/2015 | quarterly | $0.1250 | 4.72% | 12/29/2015 | 12/31/2015 | 1/12/2016 |
| 8/27/2015 | quarterly | $0.1250 | 4.2% | 9/28/2015 | 9/30/2015 | 10/13/2015 |
| 5/28/2015 | quarterly | $0.1250 | 3.76% | 6/26/2015 | 6/30/2015 | 7/14/2015 |
| 2/27/2015 | quarterly | $0.1250 | 3.45% | 3/27/2015 | 3/31/2015 | 4/10/2015 |
| 12/16/2014 | quarterly | $0.1025 | 2.73% | 12/29/2014 | 12/31/2014 | 1/12/2015 |
| 9/12/2014 | quarterly | $0.1025 | 3.16% | 9/26/2014 | 9/30/2014 | 10/10/2014 |
| 6/2/2014 | quarterly | $0.1025 | 3.29% | 6/26/2014 | 6/30/2014 | 7/10/2014 |
| 3/25/2014 | | $0.1025 | | 3/27/2014 | 3/31/2014 | 4/10/2014 |
| 3/25/2014 | quarterly | $0.1025 | | | 4/10/2014 | 3/31/2014 |
| 12/17/2013 | quarterly | $0.0850 | 2.98% | 12/27/2013 | 12/31/2013 | 1/10/2014 |
| 9/9/2013 | quarterly | $0.0850 | 3.4% | 9/26/2013 | 9/30/2013 | 10/10/2013 |
| 6/10/2013 | quarterly | $0.0850 | 3.7% | 6/26/2013 | 6/28/2013 | 7/11/2013 |
| 2/28/2013 | quarterly | $0.0850 | 3.72% | 3/26/2013 | 3/31/2013 | 4/12/2013 |
| 12/19/2012 | quarterly | $0.08 | 3.48% | 12/27/2012 | 12/31/2012 | 1/10/2013 |
(Data available from 1/1/2013 forward)
Diamondrock Hospitality (NYSE DRH) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.10%
Diamondrock Hospitality (NYSE DRH) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 5/9/2018 | Gilbert T Ray | Director | Sell | 11,268 | $11.74 | $132,286.32 | 63,360 |  |
| 3/2/2018 | Mark W Brugger | Insider | Buy | 10,000 | $9.98 | $99,800.00 | | |
| 8/14/2017 | Maureen L Mcavey | Director | Sell | 6,000 | $11.20 | $67,200.00 | 81,030 | |
| 12/13/2016 | Sean M Mahoney | CFO | Sell | 30,000 | $11.45 | $343,500.00 | 417,744 | |
| 12/22/2014 | Briony R Quinn | CAO | Sell | 10,000 | $15.34 | $153,400.00 | | |
| 8/19/2014 | Sean M Mahoney | CFO | Sell | 20,000 | $13.25 | $265,000.00 | | |
| 7/16/2014 | Mark W Brugger | CEO | Sell | 40,000 | $13.05 | $522,000.00 | | |
| 5/16/2014 | Gilbert Ray | Director | Sell | 15,797 | $11.88 | $187,668.36 | 43,653 | |
| 2/20/2014 | William Mccarten | Director | Sell | 46,101 | $12.25 | $564,737.25 | 333,712 | |
| 12/23/2013 | William Mccarten | Director | Sell | 57,647 | $11.75 | $677,352.25 | 379,772 | |
| 12/18/2013 | William Mccarten | Director | Sell | 14,741 | $11.29 | $166,425.89 | 437,419 | |
(Data available from 1/1/2013 forward)
Diamondrock Hospitality (NYSE DRH) News Headlines
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Diamondrock Hospitality (NYSE:DRH) SEC Filings
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Diamondrock Hospitality (NYSE:DRH) Income Statement, Balance Sheet and Cash Flow Statement
Diamondrock Hospitality (NYSE DRH) Stock Chart for Sunday, May, 20, 2018
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