DiamondRock Hospitality (DRH) Scheduled to Post Quarterly Earnings on Thursday

DiamondRock Hospitality (NYSE:DRH) is set to release its earnings data after the market closes on Thursday, November 7th. Analysts expect DiamondRock Hospitality to post earnings of $0.27 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

DiamondRock Hospitality Trading Up 1.2 %

Shares of NYSE DRH opened at $8.70 on Tuesday. The stock has a market capitalization of $1.80 billion, a P/E ratio of 30.00, a price-to-earnings-growth ratio of 5.03 and a beta of 1.60. The business has a fifty day moving average price of $8.75 and a 200 day moving average price of $8.53. DiamondRock Hospitality has a 1-year low of $7.74 and a 1-year high of $9.99. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.03 and a quick ratio of 2.03.

DiamondRock Hospitality Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.12 annualized dividend and a dividend yield of 1.38%. DiamondRock Hospitality’s dividend payout ratio is presently 41.38%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. StockNews.com cut DiamondRock Hospitality from a “hold” rating to a “sell” rating in a research note on Monday. Compass Point raised shares of DiamondRock Hospitality from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Monday, August 5th. Truist Financial dropped their price target on DiamondRock Hospitality from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Finally, Wells Fargo & Company cut their target price on DiamondRock Hospitality from $9.50 to $9.00 and set an “equal weight” rating for the company in a research note on Friday, September 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, DiamondRock Hospitality presently has an average rating of “Hold” and a consensus target price of $9.92.

DiamondRock Hospitality Company Profile

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.