Wall Street analysts expect DiamondRock Hospitality (NYSE:DRH) to report earnings per share (EPS) of $0.26 for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for DiamondRock Hospitality’s earnings, with estimates ranging from $0.25 to $0.29. DiamondRock Hospitality posted earnings per share of $0.25 in the same quarter last year, which indicates a positive year-over-year growth rate of 4%. The company is expected to issue its next earnings report on Monday, November 5th.

On average, analysts expect that DiamondRock Hospitality will report full year earnings of $1.01 per share for the current financial year, with EPS estimates ranging from $0.97 to $1.03. For the next fiscal year, analysts anticipate that the business will report earnings of $1.03 per share, with EPS estimates ranging from $0.99 to $1.10. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow DiamondRock Hospitality.

DiamondRock Hospitality (NYSE:DRH) last issued its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.18). The company had revenue of $236.70 million during the quarter, compared to the consensus estimate of $241.52 million. DiamondRock Hospitality had a net margin of 9.26% and a return on equity of 4.26%. DiamondRock Hospitality’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.32 EPS.

Several brokerages have issued reports on DRH. Citigroup upped their price target on shares of DiamondRock Hospitality from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday, August 8th. Zacks Investment Research upgraded shares of DiamondRock Hospitality from a “sell” rating to a “hold” rating in a research report on Monday, July 23rd. TheStreet upgraded shares of DiamondRock Hospitality from a “c+” rating to a “b-” rating in a research report on Tuesday, June 5th. ValuEngine cut shares of DiamondRock Hospitality from a “buy” rating to a “hold” rating in a research report on Monday, June 4th. Finally, Barclays upped their price target on shares of DiamondRock Hospitality from $12.00 to $14.00 and gave the company an “overweight” rating in a research report on Friday, June 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.32.

A number of hedge funds and other institutional investors have recently made changes to their positions in DRH. Cbre Clarion Securities LLC increased its position in shares of DiamondRock Hospitality by 2,004.3% during the second quarter. Cbre Clarion Securities LLC now owns 6,298,144 shares of the real estate investment trust’s stock worth $77,341,000 after buying an additional 5,998,844 shares during the period. Citadel Advisors LLC increased its position in shares of DiamondRock Hospitality by 614.2% during the second quarter. Citadel Advisors LLC now owns 2,190,052 shares of the real estate investment trust’s stock worth $26,894,000 after buying an additional 1,883,415 shares during the period. LSV Asset Management increased its position in shares of DiamondRock Hospitality by 80.6% during the second quarter. LSV Asset Management now owns 4,115,221 shares of the real estate investment trust’s stock worth $50,534,000 after buying an additional 1,836,221 shares during the period. Ceredex Value Advisors LLC acquired a new stake in shares of DiamondRock Hospitality during the first quarter worth $16,079,000. Finally, BlackRock Inc. increased its position in shares of DiamondRock Hospitality by 3.6% during the second quarter. BlackRock Inc. now owns 36,542,897 shares of the real estate investment trust’s stock worth $448,748,000 after buying an additional 1,282,565 shares during the period.

Shares of NYSE:DRH opened at $11.93 on Friday. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.49. DiamondRock Hospitality has a one year low of $9.87 and a one year high of $12.99. The company has a market capitalization of $2.47 billion, a P/E ratio of 12.02, a P/E/G ratio of 3.39 and a beta of 1.41.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 12th. Shareholders of record on Friday, September 28th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend is Thursday, September 27th. DiamondRock Hospitality’s dividend payout ratio (DPR) is currently 50.00%.

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 top gateway markets and destination resort locations. The Company owns 30 premium quality hotels with over 9,900 rooms. The Company has strategically positioned its hotels to be operated both under leading global brand families such as Hilton and Marriott as well as unique boutique hotels in the lifestyle segment.

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