Streetbeat News

DRH

DiamondRock Hospitality Company

https://www.drhc.com

Industry

REIT - Hotel & Motel

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 be operated both under leading global brand families as well as unique boutique hotels in the lifestyle segment.

Open

8.89

Mkt cap

1.8B

Volume

15K

High

8.89

P/E Ratio

30.52

52-wk high

9.99

Low

8.83

Div yield

0.01

52-wk low

7.74

Diamondrock Hospitality (NYSE:DRH) reported Q2 2024 earnings per share of $0.34, beating the analyst estimate of $0.32. The company also reported sales of $309.280 million, surpassing the estimate of $301.770 million and showing a 6.19% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:50 pm

Diamondrock Hospitality has updated its forecast for FY24 Adjusted Funds From Operations (AFFO), raising the range from $0.88-$1.02 to $0.91-$1.00.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 9:57 pm

Diamondrock Hospitality (NYSE:DRH) reported Q1 2024 FFO of $0.17 per share, surpassing the $0.16 estimate, and sales of $256.423M, exceeding the $248.908M estimate. This represents a 5.56% decrease in earnings and a 5.28% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 9:05 pm

DiamondRock Hospitality (NYSE:DRH) announced leadership changes including Jeffrey Donnelly as CEO, Briony Quinn as CFO, and Justin Leonard as President, effective immediately. These appointments aim to capitalize on DiamondRock's talent and drive business momentum. The company also reaffirmed its 2024 annual guidance, previously announced on February 22, 2024. The changes reduce the executive team from six to four members and are part of a strategy to simplify the organizational structure and align more closely with business needs.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 1:11 pm

Analyst ratings for Diamondrock Hospitality (NYSE:DRH) have varied over the last quarter, with recent updates showing a mix of opinions. The average 12-month price target has been raised to $10.62, indicating a 9.82% increase from the previous target. Analysts from Truist Securities, Stifel, Wolfe Research, and Wells Fargo have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Diamondrock Hospitality, a real estate investment trust, has shown a revenue growth rate of 3.33% as of December 31, 2023, but faces challenges in profitability and efficiency, with below-industry averages in net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 2:00 pm

Truist Securities analyst Patrick Scholes has maintained a Hold rating on Diamondrock Hospitality (DRH) and increased the price target from $10 to $11.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 1:22 pm

Four financial analysts have recently updated their ratings on Diamondrock Hospitality (NYSE:DRH), showing a shift towards a more positive outlook with an average 12-month price target of $10.12, up from $9.50. The company, a real estate investment trust owning lodging properties, has shown positive revenue growth, impressive net margin, and strong financial performance indicators such as ROE and ROA. However, its market capitalization is smaller compared to industry averages, and its revenue growth rate is lower than its peers in the Real Estate sector.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 2:00 pm

Diamondrock Hospitality (NYSE:DRH) reported a decrease in Q4 FFO to $0.18 per share from $0.23 YoY, but sales increased to $263.55M, beating estimates of $261.45M.

Portfolio Pulse from saritha@benzinga.com

February 22, 2024 | 9:13 pm

Earnings reports for various companies are scheduled for February 22, 2024, covering a wide range of industries. These reports include both earnings per share and revenue forecasts, with some companies expected to report losses.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 10:27 am

Analysts have mixed views on Diamondrock Hospitality (NYSE:DRH), with recent ratings ranging from bullish to bearish. Over the last quarter, 5 analysts provided ratings, with 2 somewhat bullish, 3 indifferent, and none bearish. The average 12-month price target is $9.7, up 5.78% from the previous $9.17, with a high estimate of $11.00 and a low of $9.00. Analyst actions include ratings and price target adjustments, reflecting market conditions and company performance. Diamondrock Hospitality, a REIT owning lodging properties, shows strong financial metrics with a revenue growth of 3.1%, net margin of 8.98%, ROE of 1.52%, ROA of 0.77%, and a debt-to-equity ratio of 0.79.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 2:00 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.