Diamondrock Hospitality Company (DRH) Expected to Earn Q4 2017 Earnings of $0.22 Per Share
Diamondrock Hospitality Company (NYSE:DRH) – Analysts at KeyCorp issued their Q4 2017 earnings estimates for shares of Diamondrock Hospitality in a research report issued to clients and investors on Wednesday. KeyCorp analyst A. Wurschmidt anticipates that the real estate investment trust will post earnings of $0.22 per share for the quarter. KeyCorp has a “Hold” rating on the stock.
A number of other equities research analysts have also recently weighed in on the company. Zacks Investment Research cut Diamondrock Hospitality from a “buy” rating to a “hold” rating in a research note on Monday, October 16th. TheStreet cut Diamondrock Hospitality from a “b” rating to a “c+” rating in a research note on Monday, November 6th. Robert W. Baird reiterated a “buy” rating and issued a $12.00 price objective on shares of Diamondrock Hospitality in a research note on Friday, November 10th. Evercore ISI upgraded Diamondrock Hospitality from an “in-line” rating to an “outperform” rating in a research note on Monday, December 4th. Finally, Boenning Scattergood reiterated a “sell” rating and issued a $10.00 price objective on shares of Diamondrock Hospitality in a research note on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. Diamondrock Hospitality presently has an average rating of “Buy” and an average target price of $12.00.
Diamondrock Hospitality (NYSE DRH) opened at $11.37 on Monday. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $2,280.00, a P/E ratio of 25.27, a P/E/G ratio of 2.36 and a beta of 1.33. Diamondrock Hospitality has a fifty-two week low of $10.43 and a fifty-two week high of $12.07.
Diamondrock Hospitality (NYSE:DRH) last announced its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.25 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.25. The business had revenue of $223.50 million during the quarter, compared to the consensus estimate of $223.30 million. Diamondrock Hospitality had a return on equity of 4.97% and a net margin of 10.47%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.26 earnings per share.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 4.40%. The ex-dividend date is Thursday, December 28th. Diamondrock Hospitality’s payout ratio is 111.11%.
Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Diamondrock Hospitality by 5.1% during the second quarter. Vanguard Group Inc. now owns 34,866,908 shares of the real estate investment trust’s stock valued at $381,793,000 after acquiring an additional 1,694,293 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Diamondrock Hospitality by 4.6% during the second quarter. BlackRock Inc. now owns 32,509,608 shares of the real estate investment trust’s stock valued at $355,983,000 after acquiring an additional 1,421,711 shares during the last quarter. FMR LLC boosted its stake in shares of Diamondrock Hospitality by 2.2% during the second quarter. FMR LLC now owns 21,377,145 shares of the real estate investment trust’s stock valued at $234,080,000 after acquiring an additional 453,851 shares during the last quarter. State Street Corp boosted its stake in shares of Diamondrock Hospitality by 4.6% during the second quarter. State Street Corp now owns 8,067,041 shares of the real estate investment trust’s stock valued at $88,338,000 after acquiring an additional 356,960 shares during the last quarter. Finally, Resolution Capital Ltd boosted its stake in shares of Diamondrock Hospitality by 8.0% during the third quarter. Resolution Capital Ltd now owns 7,232,784 shares of the real estate investment trust’s stock valued at $79,199,000 after acquiring an additional 535,876 shares during the last quarter.
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Diamondrock Hospitality Company Profile
DiamondRock Hospitality Company is a real estate investment trust (REIT). As of December 31, 2016, the Company owned a portfolio of 26 hotels and resorts that contains 9,472 guest rooms located in 17 different markets in North America and the United States Virgin Islands. Its business is to acquire, own, asset manage and renovate hotel properties in the United States.
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