DiamondRock Hospitality (NYSE:DRH) – Investment analysts at SunTrust Banks reduced their Q1 2019 earnings estimates for DiamondRock Hospitality in a research report issued to clients and investors on Wednesday, November 14th. SunTrust Banks analyst P. Scholes now expects that the real estate investment trust will earn $0.16 per share for the quarter, down from their prior estimate of $0.17. SunTrust Banks also issued estimates for DiamondRock Hospitality’s Q4 2019 earnings at $0.25 EPS and FY2019 earnings at $0.97 EPS.

A number of other analysts have also recently weighed in on DRH. Citigroup increased their price objective on shares of DiamondRock Hospitality from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, August 8th. Wells Fargo & Co reissued a “market perform” rating on shares of DiamondRock Hospitality in a research note on Thursday, November 1st. Zacks Investment Research lowered shares of DiamondRock Hospitality from a “buy” rating to a “hold” rating in a research note on Thursday, October 25th. ValuEngine cut shares of DiamondRock Hospitality from a “hold” rating to a “sell” rating in a research report on Tuesday, November 6th. Finally, TheStreet lowered shares of DiamondRock Hospitality from a “b-” rating to a “c” rating in a research note on Tuesday, November 6th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $11.89.

Shares of NYSE:DRH opened at $10.44 on Monday. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 10.44, a price-to-earnings-growth ratio of 3.01 and a beta of 1.37. DiamondRock Hospitality has a 1-year low of $9.87 and a 1-year high of $12.99. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.48 and a current ratio of 2.48.

DiamondRock Hospitality (NYSE:DRH) last issued its earnings results on Monday, November 5th. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.12). The business had revenue of $220.81 million for the quarter, compared to analyst estimates of $227.40 million. DiamondRock Hospitality had a return on equity of 4.74% and a net margin of 10.45%. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period last year, the company posted $0.25 earnings per share.

A number of institutional investors have recently made changes to their positions in the business. Sumitomo Mitsui Trust Holdings Inc. raised its stake in DiamondRock Hospitality by 2.7% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 201,011 shares of the real estate investment trust’s stock valued at $2,468,000 after acquiring an additional 5,247 shares in the last quarter. Sei Investments Co. raised its stake in DiamondRock Hospitality by 3.3% during the 2nd quarter. Sei Investments Co. now owns 167,429 shares of the real estate investment trust’s stock valued at $2,056,000 after acquiring an additional 5,291 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in DiamondRock Hospitality by 1.6% during the 3rd quarter. Great West Life Assurance Co. Can now owns 368,544 shares of the real estate investment trust’s stock valued at $4,297,000 after acquiring an additional 5,850 shares in the last quarter. Foundry Partners LLC raised its stake in DiamondRock Hospitality by 19.3% during the 2nd quarter. Foundry Partners LLC now owns 36,685 shares of the real estate investment trust’s stock valued at $450,000 after acquiring an additional 5,925 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in DiamondRock Hospitality by 1.3% during the 2nd quarter. Rhumbline Advisers now owns 543,500 shares of the real estate investment trust’s stock valued at $6,674,000 after acquiring an additional 6,786 shares in the last quarter.

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 top gateway markets and destination resort locations. The Company owns 30 premium quality hotels with over 9,900 rooms. The Company has strategically positioned its hotels to be operated both under leading global brand families such as Hilton and Marriott as well as unique boutique hotels in the lifestyle segment.

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Earnings History and Estimates for DiamondRock Hospitality (NYSE:DRH)

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