DiamondRock Hospitality (NYSE:DRH) Issues 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 (EPS) guidance of 1.020-1.06 for the period, compared to the consensus estimate of 0.650. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DRH. Weiss Ratings reissued a “hold (c)” rating on shares of DiamondRock Hospitality in a research note on Wednesday, October 8th. Morgan Stanley lowered their price objective on shares of 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 research report on Friday, October 3rd. One analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $8.88.

DiamondRock Hospitality Stock Performance

Shares of DRH traded up $0.04 on Thursday, reaching $8.22. 6,591,216 shares of the stock traded hands, compared to its average volume of 2,719,675. DiamondRock Hospitality has a 12 month low of $6.18 and a 12 month high of $10.00. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 31.60 and a beta of 1.38. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 1.30. The stock’s 50-day moving average price is $8.06 and its 200-day moving average price is $7.86.

DiamondRock Hospitality (NYSE:DRH) last released its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. DiamondRock Hospitality had a return on equity of 4.23% and a net margin of 6.04%.The business had revenue of $305.70 million for the quarter, compared to analysts’ expectations of $303.70 million. During the same quarter in the previous year, the business posted $0.34 EPS. DiamondRock Hospitality’s revenue for the quarter was down 1.2% on a year-over-year basis. Equities analysts forecast that DiamondRock Hospitality will post 0.96 EPS for the current fiscal year.

Hedge Funds Weigh In On DiamondRock Hospitality

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC raised its position in shares of DiamondRock Hospitality by 223.2% in the 1st quarter. AQR Capital Management LLC now owns 65,376 shares of the real estate investment trust’s stock worth $505,000 after acquiring an additional 45,146 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of DiamondRock Hospitality by 5.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 123,672 shares of the real estate investment trust’s stock valued at $955,000 after buying an additional 5,971 shares during the last quarter. United Services Automobile Association purchased a new stake in shares of DiamondRock Hospitality during the 1st quarter worth about $91,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in DiamondRock Hospitality by 3.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,327,841 shares of the real estate investment trust’s stock worth $10,251,000 after purchasing an additional 48,558 shares in the last quarter. Finally, Creative Planning acquired a new stake in DiamondRock Hospitality in the 2nd quarter valued at approximately $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.