DiamondRock Hospitality (DRH) Scheduled to Post Quarterly Earnings on Thursday

DiamondRock Hospitality (NYSE:DRH) is scheduled to be announcing its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.27 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

DiamondRock Hospitality Trading Up 1.2 %

Shares of DRH stock opened at $8.70 on Tuesday. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.71. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 30.00, a price-to-earnings-growth ratio of 5.03 and a beta of 1.60. The firm’s 50 day moving average price is $8.75 and its two-hundred day moving average price is $8.53. DiamondRock Hospitality has a fifty-two week low of $7.74 and a fifty-two week high of $9.99.

DiamondRock Hospitality Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Monday, September 30th. DiamondRock Hospitality’s dividend payout ratio is presently 41.38%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Truist Financial reduced their price target on DiamondRock Hospitality from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. Compass Point upgraded shares of DiamondRock Hospitality from a “neutral” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Monday, August 5th. StockNews.com lowered shares of DiamondRock Hospitality from a “hold” rating to a “sell” rating in a report on Monday. Finally, Wells Fargo & Company cut their price target on DiamondRock Hospitality from $9.50 to $9.00 and set an “equal weight” rating on the stock in a research note on Friday, September 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $9.92.

About DiamondRock Hospitality

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 leisure destinations and top gateway markets. The Company currently owns 36 premium quality hotels with over 9,700 rooms. The Company has strategically positioned its portfolio to be operated both under leading global brand families as well as independent boutique hotels in the lifestyle segment.