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

DiamondRock Hospitality (NYSE:DRH) is anticipated to announce its earnings results after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $0.21 per share and revenue of $272.24 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

DiamondRock Hospitality Stock Down 0.4 %

DRH opened at $8.68 on Thursday. DiamondRock Hospitality has a fifty-two week low of $7.74 and a fifty-two week high of $10.00. The business has a 50-day moving average of $8.95 and a 200-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. The company has a market capitalization of $1.80 billion, a PE ratio of 30.98, a price-to-earnings-growth ratio of 4.79 and a beta of 1.57.

DiamondRock Hospitality Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.32 per share. The ex-dividend date was Tuesday, December 31st. This is an increase from DiamondRock Hospitality’s previous quarterly dividend of $0.03. This represents a $1.28 dividend on an annualized basis and a dividend yield of 14.76%. DiamondRock Hospitality’s dividend payout ratio (DPR) is 42.86%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on DRH shares. Stifel Nicolaus downgraded DiamondRock Hospitality from a “buy” rating to a “hold” rating and cut their price target for the stock from $10.75 to $10.25 in a research note on Friday, November 22nd. StockNews.com raised DiamondRock Hospitality from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Evercore ISI downgraded DiamondRock Hospitality from an “outperform” rating to an “inline” rating and set a $10.50 price objective on the stock. in a research note on Friday, November 15th. Finally, Wells Fargo & Company cut their price objective on DiamondRock Hospitality from $10.50 to $9.50 and set an “equal weight” rating on the stock in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.