DiamondRock Hospitality (DRH) to Release Earnings on Thursday

DiamondRock Hospitality (NYSE:DRH) is expected to be posting its quarterly earnings results after the market closes on Thursday, February 27th. Analysts expect DiamondRock Hospitality to post earnings of $0.21 per share and revenue of $272.24 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

DiamondRock Hospitality Stock Performance

DiamondRock Hospitality stock opened at $8.22 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.73 and a quick ratio of 1.73. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 29.34, a price-to-earnings-growth ratio of 2.06 and a beta of 1.57. The firm has a 50 day simple moving average of $8.87 and a 200-day simple moving average of $8.87. DiamondRock Hospitality has a 1-year low of $7.74 and a 1-year high of $10.00.

DiamondRock Hospitality Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 15.58%. This is a positive change from DiamondRock Hospitality’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, December 31st. DiamondRock Hospitality’s dividend payout ratio is presently 42.86%.

Analyst Ratings Changes

A number of research firms have recently issued reports on DRH. Stifel Nicolaus lowered DiamondRock Hospitality from a “buy” rating to a “hold” rating and dropped their target price for the company from $10.75 to $10.25 in a report on Friday, November 22nd. Wells Fargo & Company reduced their price target on shares of DiamondRock Hospitality from $10.50 to $9.50 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. StockNews.com upgraded DiamondRock Hospitality from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Evercore ISI downgraded DiamondRock Hospitality from an “outperform” rating to an “inline” rating and set a $10.50 price target for the company. in a report on Friday, November 15th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, DiamondRock Hospitality presently has a consensus rating of “Hold” and a consensus price target of $10.05.

About DiamondRock Hospitality

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 leisure destinations and top gateway markets. The Company currently owns 36 premium quality hotels with over 9,700 rooms. The Company has strategically positioned its portfolio to be operated both under leading global brand families as well as independent boutique hotels in the lifestyle segment.