DiamondRock Hospitality (NYSE:DRH) Posts Quarterly Earnings Results

DiamondRock Hospitality (NYSE:DRH - Get Free Report) posted its quarterly earnings data on Thursday. The real estate investment trust reported $0.24 EPS for the quarter, beating the consensus estimate of $0.21 by $0.03, Zacks reports. DiamondRock Hospitality had a net margin of 6.30% and a return on equity of 4.25%. The business had revenue of $279.05 million during the quarter, compared to analyst estimates of $272.24 million. DiamondRock Hospitality updated its FY 2025 guidance to 0.940-1.060 EPS.

DiamondRock Hospitality Stock Performance

DRH traded down $0.01 during trading on Monday, hitting $8.22. The stock had a trading volume of 1,549,436 shares, compared to its average volume of 1,889,434. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.73 and a current ratio of 1.73. The firm has a market capitalization of $1.71 billion, a P/E ratio of 29.34, a PEG ratio of 2.06 and a beta of 1.57. The company's 50-day moving average price is $8.78 and its 200 day moving average price is $8.88. DiamondRock Hospitality has a twelve month low of $7.74 and a twelve month high of $10.00.

DiamondRock Hospitality Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a $0.08 dividend. 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. The ex-dividend date is Friday, March 28th. DiamondRock Hospitality's payout ratio is presently 188.24%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Evercore ISI lowered shares of DiamondRock Hospitality from an "outperform" rating to an "inline" rating and set a $10.50 price objective for the company. in a research note on Friday, November 15th. Wells Fargo & Company decreased their price target 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. Stifel Nicolaus downgraded shares of DiamondRock Hospitality from a "buy" rating to a "hold" rating and decreased their price target for the stock from $10.75 to $10.25 in a research note on Friday, November 22nd. Finally, StockNews.com upgraded shares of DiamondRock Hospitality from a "sell" rating to a "hold" rating in a research report on Tuesday, November 12th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $10.05.

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.