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 guidance of 1.020-1.06 for the period, compared to the consensus earnings per share estimate of 0.650. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

DRH has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of DiamondRock Hospitality in a research report on Wednesday, October 8th. Morgan Stanley decreased their target price on DiamondRock Hospitality from $9.00 to $8.50 and set an “equal weight” rating for the company in a research note on Wednesday, October 22nd. Finally, Wells Fargo & Company upgraded shares of DiamondRock Hospitality to a “hold” rating in a report on Friday, October 3rd. One investment analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, DiamondRock Hospitality currently has an average rating of “Hold” and an average target price of $8.88.

DiamondRock Hospitality Price Performance

Shares of DRH stock traded up $0.75 on Friday, reaching $8.96. The company had a trading volume of 6,495,791 shares, compared to its average volume of 3,227,301. The business’s 50-day moving average is $8.06 and its 200 day moving average is $7.87. The stock has a market capitalization of $1.84 billion, a PE ratio of 35.82 and a beta of 1.38. DiamondRock Hospitality has a one year low of $6.18 and a one year high of $10.00. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.64.

DiamondRock Hospitality (NYSE:DRH) last posted its earnings results on Thursday, November 6th. The real estate investment trust reported $0.29 EPS for the quarter, topping the consensus estimate of $0.25 by $0.04. DiamondRock Hospitality had a net margin of 5.69% and a return on equity of 4.03%. The business had revenue of $285.38 million for the quarter, compared to the consensus estimate of $277.45 million. During the same period last year, the company earned $0.27 EPS. The firm’s revenue was up .1% compared to the same quarter last year. DiamondRock Hospitality has set its FY 2025 guidance at 1.020-1.06 EPS. Equities research analysts forecast that DiamondRock Hospitality will post 0.96 EPS for the current fiscal year.

Hedge Funds Weigh In On DiamondRock Hospitality

Hedge funds have recently bought and sold shares of the company. State of Wyoming purchased a new stake in DiamondRock Hospitality in the 2nd quarter worth about $58,000. Smartleaf Asset Management LLC raised its stake in DiamondRock Hospitality by 33.8% in the second quarter. Smartleaf Asset Management LLC now owns 9,294 shares of the real estate investment trust’s stock valued at $72,000 after purchasing an additional 2,349 shares in the last quarter. United Services Automobile Association purchased a new stake in DiamondRock Hospitality during the first quarter valued at about $91,000. Captrust Financial Advisors bought a new position in DiamondRock Hospitality during the second quarter valued at approximately $98,000. Finally, Creative Planning bought a new stake in DiamondRock Hospitality in the second quarter worth $99,000.

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.