DiamondRock Hospitality (NYSE:DRH) Releases FY 2025 Earnings Guidance

DiamondRock Hospitality (NYSE:DRH) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.940-1.060 for the period, compared to the consensus estimate of 1.030. The company issued revenue guidance of -.

DiamondRock Hospitality Stock Down 0.4 %

Shares of NYSE:DRH traded down $0.04 on Thursday, reaching $8.16. The company had a trading volume of 1,507,933 shares, compared to its average volume of 1,594,748. DiamondRock Hospitality has a 52-week low of $7.74 and a 52-week high of $10.00. The firm’s 50 day simple moving average is $8.82 and its 200-day simple moving average is $8.87. The firm has a market capitalization of $1.69 billion, a PE ratio of 29.13, a PEG ratio of 2.06 and a beta of 1.57. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.66.

DiamondRock Hospitality (NYSE:DRH) last posted its quarterly earnings results on Thursday, February 27th. The real estate investment trust reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.03. DiamondRock Hospitality had a return on equity of 4.25% and a net margin of 6.30%. As a group, analysts expect that DiamondRock Hospitality will post 0.96 earnings per share for the current fiscal year.

DiamondRock Hospitality Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 15.70%. This is a positive change from DiamondRock Hospitality’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 31st. DiamondRock Hospitality’s dividend payout ratio (DPR) is 42.86%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DRH. StockNews.com upgraded DiamondRock Hospitality from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Stifel Nicolaus downgraded DiamondRock Hospitality from a “buy” rating to a “hold” rating and dropped their price target for the stock from $10.75 to $10.25 in a research note on Friday, November 22nd. Evercore ISI downgraded DiamondRock Hospitality from an “outperform” rating to an “inline” rating and set a $10.50 price target for the company. in a report on Friday, November 15th. Finally, Wells Fargo & Company decreased their target price 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, February 18th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently 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.