Diamondrock Hospitaly Announces Quarterly Dividend of $0.09 (DRH)
Diamondrock Hospitaly (NYSE:DRH) announced a quarterly dividend on Thursday, February 28th. Investors of record on Sunday, March 31st will be paid a dividend of $0.09 per share on Friday, April 12th. This represents a $0.34 annualized dividend and a dividend yield of 3.85%.
A number of analysts have recently weighed in on DRH shares. Analysts at Zacks downgraded shares of Diamondrock Hospitaly from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, February 21st. They now have a $10.30 price target on the stock. On a related note, analysts at ISI Group downgraded shares of Diamondrock Hospitaly from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, January 2nd.
Shares of Diamondrock Hospitaly (DRH) traded up 1.13% during mid-day trading on Thursday, hitting $8.94. Diamondrock Hospitaly (DRH) has a one year low of $8.11 and a one year high of $11.01. The stock’s 50-day moving average is currently $9.12. The company’s market cap is $1.745 billion.
DiamondRock Hospitality Company is a lodging-focused real estate company. It owns a portfolio of 20 premium hotels and resorts that contain approximately 9,600 guestrooms.
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