DiamondRock Hospitality (NYSE:DRH - Get Free Report) is anticipated to post 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. Parties that wish to listen to the company's conference call can do so using this link.
DiamondRock Hospitality Stock Performance
Shares of NYSE:DRH traded down $0.33 during midday trading on Friday, hitting $8.22. The company had a trading volume of 2,048,511 shares, compared to its average volume of 1,284,475. The company has a fifty day moving average of $8.90 and a two-hundred day moving average of $8.86. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.73 and a quick ratio of 1.73. DiamondRock Hospitality has a 12-month low of $7.74 and a 12-month high of $10.00. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 29.34, a PEG ratio of 2.06 and a beta of 1.57.
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 issued a $0.32 dividend. This represents a $1.28 annualized dividend and a 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 currently 42.86%.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the stock. Wells Fargo & Company reduced their price objective on shares of DiamondRock Hospitality from $10.50 to $9.50 and set an "equal weight" rating for the company in a research note on Tuesday, February 18th. Evercore ISI lowered DiamondRock Hospitality from an "outperform" rating to an "inline" rating and set a $10.50 price target for the company. in a research note on Friday, November 15th. Stifel Nicolaus downgraded DiamondRock Hospitality from a "buy" rating to a "hold" rating and lowered their price objective for the company from $10.75 to $10.25 in a research report on Friday, November 22nd. Finally, StockNews.com upgraded DiamondRock Hospitality from a "sell" rating to a "hold" rating in a research report on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $10.05.
Read Our Latest Analysis on DiamondRock Hospitality
DiamondRock Hospitality Company Profile
(
Get Free Report)
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.
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