Diamondrock Hospitality (NYSE:DRH) – Research analysts at Boenning Scattergood dropped their Q1 2018 earnings per share (EPS) estimates for Diamondrock Hospitality in a report issued on Friday, April 20th. Boenning Scattergood analyst F. Van. Dijkum now anticipates that the real estate investment trust will post earnings per share of $0.16 for the quarter, down from their previous forecast of $0.18. Boenning Scattergood currently has a “Under Perform” rating on the stock. Boenning Scattergood also issued estimates for Diamondrock Hospitality’s Q4 2018 earnings at $0.26 EPS.
Diamondrock Hospitality (NYSE:DRH) last posted its earnings results on Monday, February 26th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Diamondrock Hospitality had a net margin of 10.56% and a return on equity of 5.02%. The business had revenue of $207.04 million for the quarter, compared to analyst estimates of $206.36 million. During the same period last year, the business posted $0.24 EPS. Diamondrock Hospitality’s revenue was up .2% compared to the same quarter last year.
NYSE:DRH opened at $11.04 on Monday. Diamondrock Hospitality has a 1 year low of $9.87 and a 1 year high of $12.11. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $2,217.95, a P/E ratio of 11.04, a PEG ratio of 2.20 and a beta of 1.36.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its position in Diamondrock Hospitality by 2.8% in the 4th quarter. BlackRock Inc. now owns 34,554,124 shares of the real estate investment trust’s stock worth $390,116,000 after purchasing an additional 930,189 shares during the last quarter. Resolution Capital Ltd grew its position in Diamondrock Hospitality by 16.1% in the 4th quarter. Resolution Capital Ltd now owns 8,397,378 shares of the real estate investment trust’s stock worth $94,806,000 after purchasing an additional 1,164,594 shares during the last quarter. Millennium Management LLC grew its position in Diamondrock Hospitality by 281.3% in the 4th quarter. Millennium Management LLC now owns 6,601,651 shares of the real estate investment trust’s stock worth $74,533,000 after purchasing an additional 4,870,152 shares during the last quarter. Prudential Financial Inc. grew its position in Diamondrock Hospitality by 3.5% in the 3rd quarter. Prudential Financial Inc. now owns 6,010,323 shares of the real estate investment trust’s stock worth $65,813,000 after purchasing an additional 200,537 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in Diamondrock Hospitality by 10.6% in the 4th quarter. Victory Capital Management Inc. now owns 3,306,571 shares of the real estate investment trust’s stock worth $37,331,000 after purchasing an additional 316,999 shares during the last quarter.
In related news, insider Mark W. Brugger purchased 10,000 shares of the firm’s stock in a transaction on Friday, March 2nd. The shares were bought at an average cost of $9.98 per share, for a total transaction of $99,800.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.10% of the company’s stock.
The business also recently declared a quarterly dividend, which was paid on Thursday, April 12th. Shareholders of record on Thursday, March 29th were given a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, March 28th. This represents a $0.50 annualized dividend and a yield of 4.53%. Diamondrock Hospitality’s dividend payout ratio is 50.00%.
Diamondrock Hospitality Company Profile
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. As of February 26, 2018, the Company owns 28 premium quality hotels with over 9,600 rooms.
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