DiamondRock Hospitality - DRH Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for DiamondRock Hospitality in the last year. There are currently 1 sell rating, 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research 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.

7 analysts have issued twelve-month price objectives for DiamondRock Hospitality's stock. Their DRH share price forecasts range from $9.50 to $12.00. On average, they predict the company's stock price to reach $10.60 in the next year. This suggests a possible upside of 10.8% from the stock's current price.
View analysts price targets for DRH or view top-rated stocks among Wall Street analysts.

DiamondRock Hospitality's stock was trading at $8.19 at the beginning of 2023. Since then, DRH stock has increased by 16.8% and is now trading at $9.57.
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DiamondRock Hospitality saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 4,520,000 shares, an increase of 9.4% from the December 31st total of 4,130,000 shares. Based on an average daily volume of 1,680,000 shares, the short-interest ratio is presently 2.7 days. Approximately 2.2% of the shares of the company are sold short.
View DiamondRock Hospitality's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 21st 2023.
View our DRH earnings forecast.

DiamondRock Hospitality will be holding an earnings conference call on Tuesday, February 21st at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

DiamondRock Hospitality (NYSE:DRH) released its quarterly earnings data on Thursday, May, 5th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.03. The real estate investment trust earned $196.80 million during the quarter, compared to analysts' expectations of $179.36 million. DiamondRock Hospitality had a net margin of 9.40% and a trailing twelve-month return on equity of 5.65%. DiamondRock Hospitality's revenue for the quarter was up 170.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.12) earnings per share.

DiamondRock Hospitality declared a None dividend on Wednesday, December 7th. Shareholders of record on Friday, December 30th will be given a dividend of $0.06 per share on Thursday, January 12th. This represents a yield of 1.3%. The ex-dividend date of this dividend is Thursday, December 29th.
Read our dividend analysis for DRH.

DiamondRock Hospitality (NYSE:DRH) pays an annual dividend of $0.12 per share and currently has a dividend yield of 1.22%. The dividend payout ratio is 33.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DRH will have a dividend payout ratio of 11.65% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DRH.

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.

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."

DiamondRock Hospitality's stock is owned by many different retail and institutional investors. Top institutional investors include Pzena Investment Management LLC (2.99%), Fisher Asset Management LLC (0.78%), Mesirow Institutional Investment Management Inc. (0.64%), Smith Graham & Co. Investment Advisors LP (0.42%), Asset Management One Co. Ltd. (0.19%) and Sumitomo Mitsui Trust Holdings Inc. (0.12%). Insiders that own company stock include Briony R Quinn, Jeffrey Donnelly, Mark W Brugger and William J Tennis.
View institutional ownership trends.

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.
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One share of DRH stock can currently be purchased for approximately $9.57.

DiamondRock Hospitality (NYSE:DRH) has a market capitalization of $2.02 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 $0.36 on an earnings per share basis.

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.