Equities research analysts expect that DiamondRock Hospitality (NYSE:DRH) will report sales of $206.75 million for the current quarter, Zacks reports. Eight analysts have made estimates for DiamondRock Hospitality’s earnings. The highest sales estimate is $217.30 million and the lowest is $193.77 million. DiamondRock Hospitality posted sales of $206.62 million in the same quarter last year, which suggests a positive year over year growth rate of 0.1%. The firm is expected to report its next earnings report after the market closes on Monday, February 26th.
According to Zacks, analysts expect that DiamondRock Hospitality will report full year sales of $206.75 million for the current fiscal year, with estimates ranging from $856.74 million to $882.70 million. For the next fiscal year, analysts forecast that the business will post sales of $871.08 million per share, with estimates ranging from $828.90 million to $904.05 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow DiamondRock Hospitality.
DiamondRock Hospitality (NYSE:DRH) last issued its quarterly earnings results on Monday, November 6th. The real estate investment trust reported $0.25 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.25. The business had revenue of $223.50 million for the quarter, compared to analysts’ expectations of $223.30 million. DiamondRock Hospitality had a net margin of 10.47% and a return on equity of 4.97%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.26 earnings per share.
A number of equities analysts have recently issued reports on DRH shares. KeyCorp reissued a “hold” rating on shares of DiamondRock Hospitality in a research report on Tuesday, October 24th. Zacks Investment Research cut shares of DiamondRock Hospitality from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. Boenning Scattergood set a $10.00 price objective on shares of DiamondRock Hospitality and gave the stock a “sell” rating in a research report on Thursday, October 26th. Evercore ISI raised shares of DiamondRock Hospitality from an “in-line” rating to an “outperform” rating in a research report on Monday, December 4th. Finally, Robert W. Baird reissued a “buy” rating and set a $12.00 price objective on shares of DiamondRock Hospitality in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. DiamondRock Hospitality presently has an average rating of “Buy” and a consensus price target of $12.00.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Resolution Capital Ltd raised its holdings in shares of DiamondRock Hospitality by 8.0% in the 3rd quarter. Resolution Capital Ltd now owns 7,232,784 shares of the real estate investment trust’s stock worth $79,199,000 after acquiring an additional 535,876 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of DiamondRock Hospitality by 3.5% in the 3rd quarter. Prudential Financial Inc. now owns 6,010,323 shares of the real estate investment trust’s stock worth $65,813,000 after acquiring an additional 200,537 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of DiamondRock Hospitality by 15.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,926,115 shares of the real estate investment trust’s stock worth $21,090,000 after acquiring an additional 253,123 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of DiamondRock Hospitality by 1.7% in the 3rd quarter. Asset Management One Co. Ltd. now owns 520,659 shares of the real estate investment trust’s stock worth $5,709,000 after acquiring an additional 8,692 shares during the last quarter. Finally, Shell Asset Management Co. raised its holdings in shares of DiamondRock Hospitality by 133.6% in the 3rd quarter. Shell Asset Management Co. now owns 179,284 shares of the real estate investment trust’s stock worth $2,273,000 after acquiring an additional 102,539 shares during the last quarter.
Shares of DiamondRock Hospitality (NYSE DRH) opened at $11.10 on Tuesday. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.51. The company has a market cap of $2,297.50, a price-to-earnings ratio of 11.59, a price-to-earnings-growth ratio of 2.31 and a beta of 1.35. DiamondRock Hospitality has a 1 year low of $10.43 and a 1 year high of $12.11.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were given a dividend of $0.125 per share. The ex-dividend date was Thursday, December 28th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.50%. DiamondRock Hospitality’s dividend payout ratio (DPR) is presently 111.11%.
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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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