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NYSE:DRH

DiamondRock Hospitality - DRH Stock Forecast, Price & News

$9.85
+0.15 (+1.55%)
(As of 08/12/2022 02:09 PM ET)
Add
Compare
Today's Range
$9.74
$9.89
50-Day Range
$7.89
$11.00
52-Week Range
$7.68
$11.15
Volume
32,686 shs
Average Volume
1.84 million shs
Market Capitalization
$2.08 billion
P/E Ratio
44.77
Dividend Yield
N/A
Price Target
$10.81

DiamondRock Hospitality MarketRank™ Forecast

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
9.5% Upside
$10.81 Price Target
Short Interest
Healthy
3.53% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-1.05mentions of DiamondRock Hospitality in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
20.22%
From $0.89 to $1.07 Per Share

Overall MarketRank

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

1.81 out of 5 stars

Finance Sector

627th out of 918 stocks

Real Estate Investment Trusts Industry

124th out of 195 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.

DiamondRock Hospitality Stock Performance

DiamondRock Hospitality stock traded up $0.19 during mid-day trading on Thursday, reaching $9.70. The company had a trading volume of 912,572 shares, compared to its average volume of 2,090,478. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.74. DiamondRock Hospitality has a 52 week low of $7.68 and a 52 week high of $11.15. The company has a 50 day moving average of $8.92 and a 200-day moving average of $9.52. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 43.23 and a beta of 1.60.

DiamondRock Hospitality Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 12th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Thursday, September 29th.

Analyst Ratings Changes

DRH has been the topic of several analyst reports. Stifel Nicolaus dropped their price target on shares of DiamondRock Hospitality from $12.00 to $11.00 and set a "buy" rating on the stock in a research note on Tuesday, July 26th. Barclays lowered their target price on shares of DiamondRock Hospitality from $11.00 to $10.00 and set an "overweight" rating on the stock in a research note on Thursday, July 7th. Deutsche Bank Aktiengesellschaft raised their target price on shares of DiamondRock Hospitality from $11.00 to $12.00 in a research note on Wednesday, May 18th. Evercore ISI reiterated an "in-line" rating and issued a $10.00 target price on shares of DiamondRock Hospitality in a research note on Monday, July 11th. Finally, Truist Financial raised their target price on shares of DiamondRock Hospitality from $9.00 to $11.00 and gave the company a "hold" rating in a research note on Wednesday, June 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $10.81.

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DRH Stock News Headlines

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
Today
8/12/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

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
$10.81
High Stock Price Forecast
$12.00
Low Stock Price Forecast
$10.00
Forecasted Upside/Downside
+9.8%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
7 Analysts

Profitability

Net Income
$-194,580,000.00
Pretax Margin
7.42%

Debt

Sales & Book Value

Annual Sales
$567.13 million
Book Value
$7.50 per share

Miscellaneous

Free Float
207,970,000
Market Cap
$2.08 billion
Optionable
Optionable
Beta
1.60

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. 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?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for DiamondRock Hospitality in the last twelve months. There are currently 1 sell rating, 3 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 2022?

7 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 stock price to reach $10.81 in the next twelve months. This suggests a possible upside of 9.5% 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 at the start of the year. Since then, DRH shares have increased by 2.7% and is now trading at $9.87.
View the best growth stocks for 2022 here
.

Are investors shorting DiamondRock Hospitality?

DiamondRock Hospitality saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 6,990,000 shares, an increase of 18.9% from the July 15th total of 5,880,000 shares. Based on an average daily volume of 2,020,000 shares, the short-interest ratio is currently 3.5 days. Approximately 3.5% of the company's 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, November 3rd 2022.
View our DRH earnings forecast
.

How were DiamondRock Hospitality's earnings last quarter?

DiamondRock Hospitality (NYSE:DRH) announced 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 analyst estimates of $179.36 million. DiamondRock Hospitality had a net margin of 6.82% and a trailing twelve-month return on equity of 3.76%. The company's revenue for the quarter was up 170.0% on a year-over-year basis. During the same period last year, the firm posted ($0.12) earnings per share.

How often does DiamondRock Hospitality pay dividends? What is the dividend yield for DiamondRock Hospitality?

DiamondRock Hospitality announced a quarterly dividend on Tuesday, August 2nd. Investors 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 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, September 29th.
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 a variety of retail and institutional investors. Top institutional investors include FMR LLC (6.31%), Principal Financial Group Inc. (5.37%), Pzena Investment Management LLC (3.04%), Victory Capital Management Inc. (1.83%), JPMorgan Chase & Co. (1.40%) and abrdn plc (0.62%). 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 $9.87.

How much money does DiamondRock Hospitality make?

DiamondRock Hospitality (NYSE:DRH) has a market capitalization of $2.08 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 $0.22 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 8/12/2022 by MarketBeat.com Staff

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