DiamondRock Hospitality (NYSE:DRH) Releases FY 2025 Earnings Guidance

DiamondRock Hospitality (NYSE:DRH - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.940-1.060 for the period, compared to the consensus earnings per share estimate of 1.030. The company issued revenue guidance of -.

DiamondRock Hospitality Price Performance

Shares of DiamondRock Hospitality stock traded down $0.01 during trading on Monday, reaching $8.22. 2,972,516 shares of the company's stock were exchanged, compared to its average volume of 1,881,582. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.73 and a current ratio of 1.73. DiamondRock Hospitality has a 1-year low of $7.74 and a 1-year high of $10.00. The company has a market cap of $1.71 billion, a P/E ratio of 29.36, a PEG ratio of 2.06 and a beta of 1.57. The firm's 50-day moving average price is $8.76 and its 200 day moving average price is $8.88.

DiamondRock Hospitality Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, March 28th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.89%. This is a boost from DiamondRock Hospitality's previous quarterly dividend of $0.03. DiamondRock Hospitality's payout ratio is 188.24%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on DRH shares. Evercore ISI cut 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. Wells Fargo & Company reduced their price objective on 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. Stifel Nicolaus lowered DiamondRock Hospitality from a "buy" rating to a "hold" rating and reduced their price objective for the stock 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 analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price 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.