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

DiamondRock Hospitality (NYSE:DRH) updated its FY 2025 earnings guidance on Thursday. 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 -.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Wells Fargo & Company decreased their price target on shares of DiamondRock Hospitality from $10.50 to $9.50 and set an “equal weight” rating for the company in a research note on Tuesday, February 18th. Evercore ISI lowered 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. Stifel Nicolaus cut shares of DiamondRock Hospitality from a “buy” rating to a “hold” rating and reduced their price objective for the company from $10.75 to $10.25 in a research note on Friday, November 22nd. Finally, StockNews.com upgraded DiamondRock Hospitality from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $10.05.

DiamondRock Hospitality Stock Up 0.5 %

Shares of NYSE:DRH traded up $0.04 during trading on Friday, hitting $8.21. The stock had a trading volume of 6,888,378 shares, compared to its average volume of 1,730,481. The company has a market capitalization of $1.70 billion, a PE ratio of 29.33, a PEG ratio of 2.06 and a beta of 1.57. The firm’s fifty day moving average is $8.78 and its 200 day moving average is $8.87. DiamondRock Hospitality has a 12 month low of $7.74 and a 12 month high of $10.00. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.66.

DiamondRock Hospitality Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend is Friday, March 28th. This is a boost from DiamondRock Hospitality’s previous quarterly dividend of $0.03. DiamondRock Hospitality’s payout ratio is 42.86%.

DiamondRock Hospitality Company Profile

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.