DiamondRock Hospitality (NYSE:DRH) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

DiamondRock Hospitality (NYSE:DRH) released its earnings results on Thursday. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.03, Zacks reports. DiamondRock Hospitality had a return on equity of 4.25% and a net margin of 6.30%. DiamondRock Hospitality updated its FY 2025 guidance to 0.940-1.060 EPS.

DiamondRock Hospitality Stock Performance

Shares of NYSE:DRH traded down $0.04 during trading on Thursday, hitting $8.16. 1,507,933 shares of the company were exchanged, compared to its average volume of 1,594,748. The company has a market cap of $1.69 billion, a PE ratio of 29.13, a P/E/G ratio of 2.06 and a beta of 1.57. The stock has a 50 day moving average of $8.82 and a 200 day moving average of $8.87. DiamondRock Hospitality has a 52-week low of $7.74 and a 52-week high of $10.00. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.73 and a quick ratio of 1.73.

DiamondRock Hospitality Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 15.70%. This is a positive change from DiamondRock Hospitality’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 31st. DiamondRock Hospitality’s dividend payout ratio is 42.86%.

Analyst Ratings Changes

DRH has been the subject of several recent analyst reports. Stifel Nicolaus lowered DiamondRock Hospitality from a “buy” rating to a “hold” rating and reduced their target price for the company from $10.75 to $10.25 in a report on Friday, November 22nd. Evercore ISI lowered DiamondRock Hospitality from an “outperform” rating to an “inline” rating and set a $10.50 target price for the company. in a report on Friday, November 15th. Wells Fargo & Company reduced their price objective 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. Finally, StockNews.com raised DiamondRock Hospitality from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, DiamondRock Hospitality currently has an average 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.