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

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on DRH shares. StockNews.com raised DiamondRock Hospitality from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Wells Fargo & Company cut their price target on DiamondRock Hospitality from $10.50 to $9.50 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. Stifel Nicolaus lowered shares of DiamondRock Hospitality from a “buy” rating to a “hold” rating and lowered their price target for the company from $10.75 to $10.25 in a report on Friday, November 22nd. Finally, Evercore ISI lowered DiamondRock Hospitality from an “outperform” rating to an “inline” rating and set a $10.50 price objective on the stock. in a research report on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $10.05.

DiamondRock Hospitality Trading Up 1.8 %

NYSE DRH opened at $8.34 on Friday. DiamondRock Hospitality has a 12 month low of $7.74 and a 12 month high of $10.00. The stock has a 50-day simple moving average of $8.80 and a 200 day simple moving average of $8.86. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $1.73 billion, a PE ratio of 29.59, a P/E/G ratio of 2.06 and a beta of 1.57.

DiamondRock Hospitality Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 15.35%. This is an increase from DiamondRock Hospitality’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, December 31st. DiamondRock Hospitality’s dividend payout ratio (DPR) is currently 42.86%.

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.