DiamondRock Hospitality (DRH) Expected to Announce Earnings on Thursday

DiamondRock Hospitality (NYSE:DRH) is expected to post its Q1 2025 quarterly earnings results after the market closes on Thursday, May 1st. Analysts expect DiamondRock Hospitality to post earnings of $0.18 per share and revenue of $256.47 million for the quarter.

DiamondRock Hospitality Price Performance

Shares of NYSE:DRH opened at $7.35 on Tuesday. DiamondRock Hospitality has a 52 week low of $6.19 and a 52 week high of $10.00. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $1.53 billion, a P/E ratio of 26.25, a PEG ratio of 2.06 and a beta of 1.38. The firm’s 50 day moving average is $7.62 and its two-hundred day moving average is $8.54.

DiamondRock Hospitality Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date was Friday, March 28th. This is a positive change from DiamondRock Hospitality’s previous quarterly dividend of $0.03. DiamondRock Hospitality’s dividend payout ratio (DPR) is currently 188.24%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on DRH shares. Morgan Stanley lowered their price objective on shares of DiamondRock Hospitality from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 22nd. Stifel Nicolaus decreased their price objective on shares of DiamondRock Hospitality from $9.75 to $8.00 and set a “hold” rating for the company in a research note on Wednesday, April 16th. Evercore ISI lowered their price target on shares of DiamondRock Hospitality from $10.00 to $9.00 and set an “in-line” rating on the stock in a report on Monday. Finally, Wells Fargo & Company lowered their target price on shares of 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. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, DiamondRock Hospitality presently has a consensus rating of “Hold” and a consensus price target of $8.92.

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.