StockNews.com cut shares of DiamondRock Hospitality (NYSE:DRH – Free Report) from a hold rating to a sell rating in a report published on Friday morning.
DiamondRock Hospitality Price Performance
NYSE:DRH opened at $8.09 on Friday. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 22.46, a price-to-earnings-growth ratio of 4.75 and a beta of 1.60. DiamondRock Hospitality has a twelve month low of $7.33 and a twelve month high of $9.99. The stock’s 50 day moving average price is $8.33 and its two-hundred day moving average price is $8.88. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.71.
DiamondRock Hospitality Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.48%. The ex-dividend date was Friday, June 28th. DiamondRock Hospitality’s dividend payout ratio (DPR) is 33.33%.
Institutional Inflows and Outflows
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.
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