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 30 premium quality hotels with over 9,900 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.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
Phone240-744-1150
Debt
Current Ratio2.48
Quick Ratio2.48
Price-To-Earnings
Sales & Book Value
Annual Sales$870.01 million
Price / Sales2.32
Price / Cash Flow10.49
Price / Book1.06
Profitability
Net Income$91.87 million
Net Margins10.45%
Return on Assets2.82%
Miscellaneous
Employees29
OptionableOptionable
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 Friday, December 21st. Investors of record on Friday, January 4th will be paid a dividend of $0.125 per share on Monday, January 14th. This represents a $0.50 annualized dividend and a yield of 5.15%. The ex-dividend date of this dividend is Thursday, January 3rd. View DiamondRock Hospitality's Dividend History.
How were DiamondRock Hospitality's earnings last quarter?
DiamondRock Hospitality (NYSE:DRH) posted its quarterly earnings data on Monday, November, 5th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by $0.12. The real estate investment trust earned $220.81 million during the quarter, compared to the consensus estimate of $227.40 million. DiamondRock Hospitality had a return on equity of 4.74% and a net margin of 10.45%. DiamondRock Hospitality's revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter last year, the company earned $0.25 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 issued an update on its FY 2018 earnings guidance on Monday, November, 5th. The company provided EPS guidance of $0.99-1.01 for the period.
What price target have analysts set for DRH?
8 Wall Street analysts have issued 12-month price targets for DiamondRock Hospitality's shares. Their predictions range from $8.00 to $13.25. On average, they expect DiamondRock Hospitality's share price to reach $10.4643 in the next twelve months. This suggests a possible upside of 7.8% from the stock's current price. View Analyst Price Targets for DiamondRock Hospitality.
What is the consensus analysts' recommendation for DiamondRock Hospitality?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for DiamondRock Hospitality in the last year. There are currently 4 sell ratings, 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." 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. 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. " (1/3/2019)
- 2. 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)
Has DiamondRock Hospitality been receiving favorable news coverage?
News stories about DRH stock have trended somewhat positive this week, InfoTrie Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. DiamondRock Hospitality earned a coverage optimism score of 1.9 on InfoTrie's scale. They also assigned news stories about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the near future.
Are investors shorting DiamondRock Hospitality?
DiamondRock Hospitality saw a drop in short interest in December. As of December 14th, there was short interest totalling 5,793,357 shares, a drop of 40.9% from the November 30th total of 9,797,674 shares. Based on an average trading volume of 4,439,406 shares, the days-to-cover ratio is currently 1.3 days. Approximately 2.8% of the shares of the company are sold short. View DiamondRock Hospitality's Current Options Chain.
Who are some of DiamondRock Hospitality's key competitors?
Some companies that are related to DiamondRock Hospitality include National Retail Properties (NNN), VICI Properties (VICI), Omega Healthcare Investors (OHI), Gaming and Leisure Properties (GLPI), SL Green Realty (SLG), Vereit (VER), Lamar Advertising (LAMR), Apartment Investment and Management (AIV), Kilroy Realty (KRC), Kimco Realty (KIM), Liberty Property Trust (LPT), Macerich (MAC), Store Capital (STOR), American Homes 4 Rent (AMH) and Medical Properties Trust (MPW).
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. Thomas G. Healy, Exec. VP of Asset Management & COO (Age 50)
- Mr. Troy G. Furbay, Exec. VP & Chief Investment Officer (Age 51)
- Mr. William J. Tennis, Exec. VP, Gen. Counsel & Corp. Sec. (Age 63)
- Mr. Jay Lecoryelle Johnson, Exec. VP & CFO
Who are DiamondRock Hospitality's major shareholders?
DiamondRock Hospitality's stock is owned by many different of retail and institutional investors. Top institutional investors include Resolution Capital Ltd (2.60%), State of Alaska Department of Revenue (0.07%) and Louisiana State Employees Retirement System (0.04%). Company insiders that own DiamondRock Hospitality stock include Briony R Quinn, Gilbert T Ray, Mark W Brugger, Maureen L Mcavey and William J Tennis. View Institutional Ownership Trends for DiamondRock Hospitality.
Which institutional investors are selling DiamondRock Hospitality stock?
DRH stock was sold by a variety of institutional investors in the last quarter, including Resolution Capital Ltd and Louisiana State Employees Retirement System. Company insiders that have sold DiamondRock Hospitality company stock in the last year include Briony R Quinn, Gilbert T Ray and William J Tennis. View Insider Buying and Selling for DiamondRock Hospitality.
Which institutional investors are buying DiamondRock Hospitality stock?
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 $9.71.
How big of a company is DiamondRock Hospitality?
DiamondRock Hospitality has a market capitalization of $2.02 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.
What is DiamondRock Hospitality's official website?
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 (NYSE 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.
