DiamondRock Hospitality Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for DiamondRock Hospitality in the last year. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" DiamondRock Hospitality stock. 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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4 equities research analysts have issued 1-year price targets for DiamondRock Hospitality's stock. Their DRH stock forecasts range from $10.50 to $12.00. On average, they expect DiamondRock Hospitality's share price to reach $11.10 in the next year. This suggests a possible upside of 35.5% 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 shares have decreased by 14.8% and is now trading at $8.19.
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DiamondRock Hospitality saw a decrease in short interest in the month of June. As of June 15th, there was short interest totaling 5,540,000 shares, a decrease of 18.6% from the May 31st total of 6,810,000 shares. Based on an average daily volume of 2,260,000 shares, the days-to-cover ratio is currently 2.5 days. Approximately 2.8% of the company's shares are sold short.
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DiamondRock Hospitality is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022.
View our earnings forecast for DiamondRock Hospitality.

DiamondRock Hospitality will be holding an earnings conference call on Thursday, August 4th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

DiamondRock Hospitality (NYSE:DRH) issued its 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 negative net margin of 1.98% and a negative trailing twelve-month return on equity of 0.90%. The business's revenue for the quarter was up 170.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.12) earnings per share.
View DiamondRock Hospitality's earnings history.

3 employees have rated DiamondRock Hospitality CEO Mark W. Brugger on Glassdoor.com. Mark W. Brugger has an approval rating of 100% among DiamondRock Hospitality's employees. This puts Mark W. Brugger in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

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

Shares of DRH 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 $8.19.

DiamondRock Hospitality (NYSE:DRH) has a market capitalization of $1.73 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 ($0.11) on an earnings per share basis.

DiamondRock Hospitality employs 28 workers across the globe.

DiamondRock Hospitality's mailing address is 2 BETHESDA METRO CENTER SUITE 1400, BETHESDA MD, 20814. The official website for DiamondRock Hospitality 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.