DiamondRock Hospitality (DRH) Projected to Post Earnings on Thursday

DiamondRock Hospitality (NYSE:DRH) is projected 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. Persons that are interested in participating in the company’s conference call can do so using this link.

DiamondRock Hospitality Stock Performance

DiamondRock Hospitality stock opened at $8.25 on Tuesday. The business’s 50-day moving average price is $8.87 and its two-hundred day moving average price is $8.87. The stock has a market cap of $1.71 billion, a PE ratio of 29.45, a P/E/G ratio of 2.06 and a beta of 1.57. DiamondRock Hospitality has a 12-month low of $7.74 and a 12-month high of $10.00. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.66.

DiamondRock Hospitality Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 15.52%. This is a boost from DiamondRock Hospitality’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 31st. DiamondRock Hospitality’s dividend payout ratio is currently 42.86%.

Analyst Upgrades and Downgrades

DRH has been the subject of several recent research reports. 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 report on Tuesday, February 18th. Stifel Nicolaus cut shares of DiamondRock Hospitality from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $10.75 to $10.25 in a research report on Friday, November 22nd. Evercore ISI cut 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 report on Friday, November 15th. 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 investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently 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.