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

DiamondRock Hospitality (NYSE:DRH) is expected to be announcing its earnings results after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $0.21 per share and revenue of $272.24 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

DiamondRock Hospitality Price Performance

NYSE DRH opened at $8.68 on Thursday. DiamondRock Hospitality has a 12 month low of $7.74 and a 12 month high of $10.00. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.73 and a quick ratio of 1.73. The firm has a market capitalization of $1.80 billion, a PE ratio of 30.98, a P/E/G ratio of 4.79 and a beta of 1.57. The company’s 50 day simple moving average is $8.95 and its 200 day simple moving average is $8.86.

DiamondRock Hospitality Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 14.76%. The ex-dividend date was Tuesday, December 31st. This is a positive change from DiamondRock Hospitality’s previous quarterly dividend of $0.03. DiamondRock Hospitality’s dividend payout ratio (DPR) is currently 42.86%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on DRH shares. StockNews.com upgraded shares of DiamondRock Hospitality from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Evercore ISI lowered shares of DiamondRock Hospitality from an “outperform” rating to an “inline” rating and set a $10.50 price target on the stock. in a research report on Friday, November 15th. Stifel Nicolaus lowered shares of DiamondRock Hospitality from a “buy” rating to a “hold” rating and decreased their price target for the stock from $10.75 to $10.25 in a research report on Friday, November 22nd. Finally, Wells Fargo & Company decreased their price target on shares of DiamondRock Hospitality from $10.50 to $9.50 and set an “equal weight” rating on the stock in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $10.05.

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.