DiamondRock Hospitality (DRH) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $8.99 to $9.19
• 50-Day Range: $8.44 to $9.30
• 52-Week Range: $7.74 to $9.99
• Volume: 538,950 shs
• Average Volume: 1.86 million shs
• Market Capitalization: $1.90 billion
• P/E Ratio: 32.61
• Dividend Yield: 1.31%
• Price Target: $10.17
• Consensus Rating: Moderate Buy

DiamondRock Hospitality Stock Analysis - MarketRank™

DiamondRock Hospitality scored higher than 40% of companies evaluated by MarketBeat, and ranked 744th out of 916 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

DiamondRock Hospitality has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

DiamondRock Hospitality has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 8.42%

Earnings Growth

Earnings for DiamondRock Hospitality are expected to grow by 8.42% in the coming year, from $0.95 to $1.03 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of DiamondRock Hospitality is 32.61, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.83.

Price to Earnings Ratio vs. Sector

The P/E ratio of DiamondRock Hospitality is 32.61, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.48.

Price to Earnings Growth Ratio

DiamondRock Hospitality has a PEG Ratio of 5.43. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

DiamondRock Hospitality has a P/B Ratio of 1.14. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

9.25% of the float of DiamondRock Hospitality has been sold short.

Short Interest Ratio / Days to Cover

DiamondRock Hospitality has a short interest ratio ("days to cover") of 10.6, which indicates bearish sentiment.

Change versus previous month

Short interest in DiamondRock Hospitality has recently decreased by 0.53%, indicating that investor sentiment is improving.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

DiamondRock Hospitality pays a meaningful dividend of 1.34%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

DiamondRock Hospitality does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of DiamondRock Hospitality is 42.86%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, DiamondRock Hospitality will have a dividend payout ratio of 11.65% next year. This indicates that DiamondRock Hospitality will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

9.25% of the float of DiamondRock Hospitality has been sold short.

Short Interest Ratio / Days to Cover

DiamondRock Hospitality has a short interest ratio ("days to cover") of 10.6, which indicates bearish sentiment.

Change versus previous month

Short interest in DiamondRock Hospitality has recently decreased by 0.53%, indicating that investor sentiment is improving.

News and Social Media

• Score: 1.1 / 5
• News Sentiment: -0.09

News Sentiment

DiamondRock Hospitality has a news sentiment score of -0.09. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.78 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for DiamondRock Hospitality this week, compared to 3 articles on an average week.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, DiamondRock Hospitality insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.40% of the stock of DiamondRock Hospitality is held by insiders.

DRH Stock Analysis - Frequently Asked Questions

How have DRH shares performed this year?

DiamondRock Hospitality's stock was trading at $9.39 at the beginning of 2024. Since then, DRH shares have decreased by 2.8% and is now trading at $9.13.
View the best growth stocks for 2024 here.

How were DiamondRock Hospitality's earnings last quarter?

DiamondRock Hospitality (NYSE:DRH) issued its quarterly earnings data on Thursday, August, 1st. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by $0.22. The company's revenue for the quarter was up 6.2% on a year-over-year basis.

Who are DiamondRock Hospitality's major shareholders?

DiamondRock Hospitality's top institutional shareholders include State Street Corp (6.04%), Pzena Investment Management LLC (4.42%), Principal Financial Group Inc. (3.78%) and Rush Island Management LP (2.85%).
View institutional ownership trends.

How do I buy shares of DiamondRock Hospitality?

Shares of DRH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of DiamondRock Hospitality own?

Based on aggregate information from My MarketBeat watchlists, some other companies that DiamondRock Hospitality investors own include Waste Connections (WCN), The RMR Group (RMR), iShares Micro-Cap ETF (IWC), American Water Works (AWK), AUO (AUOTY), Triple Flag Precious Metals (TFPM) and Voyager Therapeutics (VYGR).

Company Calendar

• Last Earnings: 8/01/2024
• Ex-Dividend for 10/11 Dividend: 9/30/2024
• Dividend Payable: 10/11/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/27/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Specialized REITs
• Current Symbol: NYSE:DRH
• CUSIP: 25278430
• CIK: 1298946
• Web: www.drhc.com
• Phone: (240) 744-1150
• Fax: N/A
• Employees: 30
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $10.17
• High Stock Price Target: $11.00
• Low Stock Price Target: $9.00
• Potential Upside/Downside: +11.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.60
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.28
• Trailing P/E Ratio: 32.64
• Forward P/E Ratio: 9.61
• P/E Growth: 5.43
• Net Income: $86.34 million
• Net Margins: 6.30%
• Pretax Margin: 6.38%
• Return on Equity: 4.25%
• Return on Assets: 2.18%

Debt

• Debt-to-Equity Ratio: 0.66
• Current Ratio: 1.73
• Quick Ratio: 1.73

Sales & Book Value

• Annual Sales: $1.07 billion
• Price / Sales: 1.76
• Cash Flow: $0.97 per share
• Price / Cash Flow: 9.41
• Book Value: $7.99 per share
• Price / Book: 1.14

Miscellaneous

• Outstanding Shares: 207,590,000
• Free Float: 204,686,000
• Market Cap: $1.90 billion
• Optionable: Optionable
• Beta: 1.60