NYSE:DRHDiamondRock Hospitality Stock Price, Forecast & News

DiamondRock Hospitality's stock was trading at $6.33 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, DRH shares have increased by 4.7% and is now trading at $6.63. View which stocks have been most impacted by Coronavirus.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for DiamondRock Hospitality in the last year. There are currently 2 sell ratings, 4 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for DiamondRock Hospitality.

DiamondRock Hospitality is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for DiamondRock Hospitality.

DiamondRock Hospitality (NYSE:DRH) announced its quarterly earnings data on Monday, May, 11th. The real estate investment trust reported ($0.17) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by $0.23. The real estate investment trust earned $170 million during the quarter, compared to analysts' expectations of $161.32 million. DiamondRock Hospitality had a net margin of 15.46% and a return on equity of 7.53%. The firm's quarterly revenue was down 16.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 EPS. View DiamondRock Hospitality's earnings history.

DiamondRock Hospitality announced a quarterly dividend on Tuesday, December 17th. Stockholders of record on Thursday, January 2nd will be paid a dividend of $0.125 per share on Monday, January 13th. This represents a $0.50 dividend on an annualized basis and a yield of 7.54%. The ex-dividend date of this dividend is Tuesday, December 31st. View DiamondRock Hospitality's dividend history.

7 equities research analysts have issued 12-month price targets for DiamondRock Hospitality's stock. Their forecasts range from $4.00 to $10.00. On average, they expect DiamondRock Hospitality's share price to reach $5.86 in the next year. This suggests that the stock has a possible downside of 11.7%. View analysts' price targets for DiamondRock Hospitality.

News articles about DRH stock have been trending negative recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. DiamondRock Hospitality earned a media sentiment score of -2.6 on InfoTrie's scale. They also gave press coverage about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutDiamondRock Hospitality.

DiamondRock Hospitality saw a increase in short interest in May. As of May 15th, there was short interest totaling 9,520,000 shares, an increase of 49.2% from the April 30th total of 6,380,000 shares. Based on an average trading volume of 4,280,000 shares, the short-interest ratio is presently 2.2 days. Currently, 4.8% of the company's shares are short sold. View DiamondRock Hospitality's Current Options Chain.

Some companies that are related to DiamondRock Hospitality include American Tower (AMT), Public Storage (PSA), Welltower (WELL), Weyerhaeuser (WY), Ventas (VTR), HCP (HCP), Extra Space Storage (EXR), Medical Properties Trust (MPW), Host Hotels and Resorts (HST), Omega Healthcare Investors (OHI), CubeSmart (CUBE), Life Storage (LSI), Healthcare Realty Trust (HR), Rayonier (RYN) and Sabra Health Care REIT (SBRA). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other DiamondRock Hospitality investors own include Energy Transfer LP Unit (ET), InterDigital Wireless (IDCC), Stag Industrial (STAG), General Electric (GE), CBL & Associates Properties (CBL), Ford Motor (F), NGL Energy Partners (NGL), Invesco Mortgage Capital (IVR), New Residential Investment (NRZ) and AT&T (T).

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 BlackRock Inc. (18.93%), Invesco Ltd. (7.02%), State Street Corp (5.83%), Morgan Stanley (4.02%), Morgan Stanley (4.02%) and JPMorgan Chase & Co. (2.10%). View institutional ownership trends for DiamondRock Hospitality.

DRH stock was sold by a variety of institutional investors in the last quarter, including Deutsche Bank AG, Centersquare Investment Management LLC, Russell Investments Group Ltd., Nuveen Asset Management LLC, Morgan Stanley, Morgan Stanley, Bank of New York Mellon Corp, and AQR Capital Management LLC. View insider buying and selling activity for DiamondRock Hospitality.

DRH stock was bought by a variety of institutional investors in the last quarter, including Invesco Ltd., Balyasny Asset Management LLC, State Street Corp, Grantham Mayo Van Otterloo & Co. LLC, BlackRock Inc., Victory Capital Management Inc., Victory Capital Management Inc., and Wells Fargo & Company MN. View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of DRH stock can currently be purchased for approximately $6.63.

DiamondRock Hospitality has a market capitalization of $1.32 billion and generates $938.09 million in revenue each year. The real estate investment trust earns $183.49 million in net income (profit) each year or $1.07 on an earnings per share basis. DiamondRock Hospitality employs 31 workers across the globe.

The official website for DiamondRock Hospitality is www.drhc.com.

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]