Diamondrock Hospitality Company (NYSE:DRH) will be announcing its earnings results after the market closes on Monday, November 6th. Analysts expect the company to announce earnings of $0.13 per share for the quarter.
Diamondrock Hospitality (NYSE:DRH) last released its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. Diamondrock Hospitality had a return on equity of 5.41% and a net margin of 11.47%. The company had revenue of $243.30 million for the quarter, compared to analyst estimates of $240.73 million. During the same period in the prior year, the company posted $0.31 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. On average, analysts expect Diamondrock Hospitality to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Diamondrock Hospitality Company (NYSE:DRH) opened at $10.95 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.45 and a quick ratio of 2.45. The company has a market cap of $2.20 billion, a price-to-earnings ratio of 11.00, a P/E/G ratio of 2.23 and a beta of 1.33.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 12th. Shareholders of record on Friday, September 29th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date of this dividend was Thursday, September 28th. Diamondrock Hospitality’s dividend payout ratio is currently 102.04%.
In other Diamondrock Hospitality news, Director Maureen L. Mcavey sold 6,000 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $11.20, for a total value of $67,200.00. Following the completion of the transaction, the director now owns 81,030 shares in the company, valued at $907,536. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.10% of the company’s stock.
A number of brokerages have weighed in on DRH. Stifel Nicolaus reiterated a “buy” rating on shares of Diamondrock Hospitality in a research note on Thursday, August 10th. UBS Group AG (USA) upgraded Diamondrock Hospitality from a “market perform” rating to an “outperform” rating in a research note on Friday, July 14th. ING Group upgraded Diamondrock Hospitality to an “outperform” rating and set a $13.00 price objective for the company in a research note on Monday, July 17th. They noted that the move was a valuation call. Raymond James Financial, Inc. upgraded Diamondrock Hospitality from a “market perform” rating to an “outperform” rating and set a $13.00 price target for the company in a research note on Friday, July 14th. Finally, BidaskClub upgraded Diamondrock Hospitality from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $12.00.
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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