DiamondRock Hospitality (NYSE:DRH) – Boenning Scattergood issued their Q1 2019 earnings per share (EPS) estimates for DiamondRock Hospitality in a note issued to investors on Tuesday. Boenning Scattergood analyst F. Van. Dijkum forecasts that the real estate investment trust will post earnings per share of $0.19 for the quarter. Boenning Scattergood has a “Neutral” rating on the stock. Boenning Scattergood also issued estimates for DiamondRock Hospitality’s Q2 2019 earnings at $0.32 EPS, Q3 2019 earnings at $0.25 EPS, Q4 2019 earnings at $0.24 EPS and FY2019 earnings at $1.00 EPS.

DiamondRock Hospitality (NYSE:DRH) last announced its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.25 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.25. The firm had revenue of $223.50 million during the quarter, compared to analyst estimates of $223.30 million. DiamondRock Hospitality had a return on equity of 4.97% and a net margin of 10.47%. The company’s revenue was up 1.5% on a year-over-year basis. During the same period last year, the company earned $0.26 earnings per share.

Other equities analysts have also issued reports about the company. TheStreet upgraded DiamondRock Hospitality from a “c+” rating to a “b-” rating in a research report on Friday, December 29th. Stifel Nicolaus restated a “buy” rating and set a $12.00 target price on shares of DiamondRock Hospitality in a research report on Thursday, September 21st. Zacks Investment Research upgraded DiamondRock Hospitality from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Wednesday, October 11th. Robert W. Baird restated a “buy” rating and set a $12.00 target price on shares of DiamondRock Hospitality in a research report on Friday, November 10th. Finally, KeyCorp reiterated a “hold” rating on shares of DiamondRock Hospitality in a research report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. DiamondRock Hospitality has a consensus rating of “Buy” and an average price target of $12.00.

DiamondRock Hospitality (NYSE:DRH) traded up $0.11 during trading on Wednesday, hitting $11.45. The stock had a trading volume of 1,428,589 shares, compared to its average volume of 1,494,357. The firm has a market cap of $2,245.42, a price-to-earnings ratio of 25.44, a P/E/G ratio of 2.27 and a beta of 1.33. DiamondRock Hospitality has a 52 week low of $10.43 and a 52 week high of $12.07. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.41 and a quick ratio of 2.41.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 4.37%. The ex-dividend date is Thursday, December 28th. DiamondRock Hospitality’s payout ratio is 111.11%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DRH. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of DiamondRock Hospitality by 15.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,787 shares of the real estate investment trust’s stock worth $173,000 after purchasing an additional 2,081 shares in the last quarter. GSA Capital Partners LLP increased its holdings in shares of DiamondRock Hospitality by 6.0% during the 2nd quarter. GSA Capital Partners LLP now owns 16,442 shares of the real estate investment trust’s stock worth $180,000 after acquiring an additional 930 shares during the last quarter. Shelton Capital Management increased its holdings in shares of DiamondRock Hospitality by 5.4% during the 2nd quarter. Shelton Capital Management now owns 19,890 shares of the real estate investment trust’s stock worth $218,000 after acquiring an additional 1,024 shares during the last quarter. Amalgamated Bank increased its holdings in shares of DiamondRock Hospitality by 0.6% during the 2nd quarter. Amalgamated Bank now owns 27,339 shares of the real estate investment trust’s stock worth $299,000 after acquiring an additional 151 shares during the last quarter. Finally, Veritable L.P. increased its holdings in shares of DiamondRock Hospitality by 13.4% during the 2nd quarter. Veritable L.P. now owns 31,842 shares of the real estate investment trust’s stock worth $349,000 after acquiring an additional 3,775 shares during the last quarter.

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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.

Earnings History and Estimates for DiamondRock Hospitality (NYSE:DRH)

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