DiamondRock Hospitality (NYSE:DRH) – Research analysts at KeyCorp issued their Q4 2017 earnings per share estimates for DiamondRock Hospitality in a note issued to investors on Wednesday. KeyCorp analyst A. Wurschmidt forecasts that the real estate investment trust will post earnings of $0.22 per share for the quarter. KeyCorp currently has a “Hold” rating on the stock.
DiamondRock Hospitality (NYSE:DRH) last posted its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.25 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. DiamondRock Hospitality had a net margin of 9.68% and a return on equity of 4.73%. The company had revenue of $223.50 million during the quarter, compared to analyst estimates of $223.30 million. During the same quarter last year, the firm posted $0.26 EPS. The business’s revenue for the quarter was up 1.5% on a year-over-year basis.
DiamondRock Hospitality (NYSE:DRH) traded down $0.01 during trading hours on Monday, hitting $11.36. 1,486,800 shares of the stock traded hands, compared to its average volume of 2,243,530. DiamondRock Hospitality has a one year low of $10.43 and a one year high of $12.07. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.41 and a current ratio of 2.41. The company has a market cap of $2,280.00, a price-to-earnings ratio of 25.24, a price-to-earnings-growth ratio of 2.35 and a beta of 1.33.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.125 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.50 annualized dividend and a yield of 4.40%. DiamondRock Hospitality’s dividend payout ratio (DPR) is presently 111.11%.
Hedge funds have recently made changes to their positions in the business. AXA lifted its position in DiamondRock Hospitality by 21.1% in the third quarter. AXA now owns 507,001 shares of the real estate investment trust’s stock worth $5,552,000 after purchasing an additional 88,217 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of DiamondRock Hospitality by 1.8% during the third quarter. Public Employees Retirement System of Ohio now owns 269,827 shares of the real estate investment trust’s stock valued at $2,955,000 after acquiring an additional 4,887 shares during the period. GSA Capital Partners LLP lifted its holdings in shares of DiamondRock Hospitality by 32.7% during the third quarter. GSA Capital Partners LLP now owns 21,821 shares of the real estate investment trust’s stock valued at $239,000 after acquiring an additional 5,379 shares during the period. Sterling Capital Management LLC bought a new position in shares of DiamondRock Hospitality during the third quarter valued at $1,225,000. Finally, Vident Investment Advisory LLC lifted its holdings in shares of DiamondRock Hospitality by 4.6% during the third quarter. Vident Investment Advisory LLC now owns 221,327 shares of the real estate investment trust’s stock valued at $2,423,000 after acquiring an additional 9,636 shares during the period.
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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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