DiamondRock Hospitality (NYSE: DRH – Get Rating) – Analysts at KeyCorp upped their FY2022 EPS estimates for DiamondRock Hospitality in a research note issued on Monday, June 27th. KeyCorp analyst A. Wurschmidt now anticipates that the real estate investment trust will post $ 0.79 per share for the year, up from their prior forecast of $ 0.65. The consensus estimate for DiamondRock Hospitality’s current full-year earnings is $ 0.84 per share.
Several other equities analysts also recently issued reports on the stock. The Goldman Sachs Group boosted their price target on shares of DiamondRock Hospitality from $ 10.00 to $ 11.00 and gave the company a “sell” rating in a report on Wednesday, April 6th. StockNews.com started coverage on shares of DiamondRock Hospitality in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Truist Financial lifted their price target on DiamondRock Hospitality from $ 9.00 to $ 11.00 and gave the company a “hold” rating in a report on Wednesday, June 1st. Wells Fargo & Company increased their price objective on DiamondRock Hospitality from $ 10.50 to $ 11.00 and gave the stock an “overweight” rating in a report on Thursday, March 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on DiamondRock Hospitality from $ 11.00 to $ 12.00 in a research note on Wednesday, May 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $ 11.10.
Shares of NYSE DRH opened at $ 8.21 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.63 and a quick ratio of 1.63. The firm has a market capitalization of $ 1.73 billion, a PE ratio of -74.64 and a beta of 1.57. DiamondRock Hospitality has a 1-year low of $ 7.68 and a 1-year high of $ 11.15. The business’s fifty-day moving average price is $ 9.72 and its two-hundred-day moving average price is $ 9.66.
DiamondRock Hospitality (NYSE: DRH – Get Rating) last announced its quarterly earnings results on Thursday, May 5th. The real estate investment trust reported $ 0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $ 0.07 by ($ 0.03). DiamondRock Hospitality had a negative return on equity of 0.90% and a negative net margin of 1.98%. The company had revenue of $ 196.80 million for the quarter, compared to analyst estimates of $ 179.36 million. During the same quarter in the previous year, the company posted ($ 0.12) earnings per share. The firm’s revenue for the quarter was up 170.0% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. CIBC Asset Management Inc. increased its position in shares of DiamondRock Hospitality by 4.2% during the 4th quarter. CIBC Asset Management Inc now owns 27,895 shares of the real estate investment trust’s stock valued at $ 268,000 after purchasing an additional 1,118 shares during the period. PNC Financial Services Group Inc. DiamondRock Hospitality grew its stake in 9.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 13,193 shares of the real estate investment trust’s stock worth $ 133,000 after purchasing an additional 1,130 shares during the last quarter. Mackenzie Financial Corp raised its holdings in shares of DiamondRock Hospitality by 10.8% in the 1st quarter. Mackenzie Financial Corp now owns 13,036 shares of the real estate investment trust’s stock worth $ 132,000 after purchasing an additional 1,272 shares in the last quarter. Advisor Partners LLC lifted its stake in DiamondRock Hospitality by 14.0% during the first quarter. Advisor Partners LLC now owns 11,789 shares of the real estate investment trust’s stock valued at $ 119,000 after purchasing an additional 1,448 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its holdings in DiamondRock Hospitality by 5.5% during the first quarter. Mutual of America Capital Management LLC now owns 30,349 shares of the real estate investment trust’s stock worth $ 307,000 after buying an additional 1,573 shares in the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.
About DiamondRock Hospitality (Get Rating)
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 31 premium quality hotels with over 10,000 rooms. The Company has strategically positioned its hotels to operate under both leading global brand families as well as unique boutique hotels in the lifestyle segment.
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