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 guidance of 0.940-1.060 for the period, compared to the consensus earnings per share estimate of 1.030. The company issued revenue guidance of -.

DiamondRock Hospitality Stock Performance

Shares of DRH stock traded up $0.04 during mid-day trading on Friday, reaching $8.21. 6,888,378 shares of the company’s stock traded hands, compared to its average volume of 1,730,481. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.73 and a current ratio of 1.73. The firm has a market capitalization of $1.70 billion, a PE ratio of 29.33, a price-to-earnings-growth ratio of 2.06 and a beta of 1.57. DiamondRock Hospitality has a 12 month low of $7.74 and a 12 month high of $10.00. The firm has a 50 day moving average price of $8.78 and a two-hundred day moving average price of $8.87.

DiamondRock Hospitality Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a $0.08 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.32 annualized dividend and a dividend yield of 3.90%. This is an increase from DiamondRock Hospitality’s previous quarterly dividend of $0.03. DiamondRock Hospitality’s dividend payout ratio (DPR) is 42.86%.

Analysts Set New Price Targets

Several brokerages have weighed in on DRH. Wells Fargo & Company lowered 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 report on Tuesday, February 18th. Evercore ISI cut DiamondRock Hospitality from an “outperform” rating to an “inline” rating and set a $10.50 price target on the stock. in a report on Friday, November 15th. Stifel Nicolaus downgraded DiamondRock Hospitality from a “buy” rating to a “hold” rating and lowered their price objective for the company from $10.75 to $10.25 in a research report on Friday, November 22nd. Finally, StockNews.com raised 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 data from MarketBeat.com, DiamondRock Hospitality presently has a consensus rating of “Hold” and an average price target 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.