Boenning Scattergood Equities Analysts Decrease Earnings Estimates for DiamondRock Hospitality (DRH)
DiamondRock Hospitality (NYSE:DRH) – Stock analysts at Boenning Scattergood cut their Q1 2018 earnings per share estimates for shares of DiamondRock Hospitality in a research report issued to clients and investors on Tuesday. Boenning Scattergood analyst F. Van. Dijkum now expects that the real estate investment trust will post earnings of $0.18 per share for the quarter, down from their previous estimate of $0.19. Boenning Scattergood has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for DiamondRock Hospitality’s Q2 2018 earnings at $0.31 EPS, Q3 2018 earnings at $0.25 EPS, Q4 2018 earnings at $0.25 EPS, FY2018 earnings at $0.99 EPS, Q2 2019 earnings at $0.31 EPS and Q4 2019 earnings at $0.25 EPS.
DiamondRock Hospitality (NYSE:DRH) last posted its quarterly earnings data on Monday, February 26th. The real estate investment trust reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.02. DiamondRock Hospitality had a return on equity of 5.02% and a net margin of 10.56%. The firm had revenue of $207.04 million during the quarter, compared to analyst estimates of $206.36 million. During the same period last year, the company posted $0.24 EPS. The business’s quarterly revenue was up .2% on a year-over-year basis.
DiamondRock Hospitality (NYSE DRH) opened at $10.18 on Friday. DiamondRock Hospitality has a 12-month low of $9.87 and a 12-month high of $12.11. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.35 and a quick ratio of 2.41. The firm has a market capitalization of $2,029.44, a PE ratio of 22.62, a PEG ratio of 2.03 and a beta of 1.42.
In other news, insider Mark W. Brugger bought 10,000 shares of DiamondRock Hospitality stock in a transaction dated Friday, March 2nd. The stock was bought at an average cost of $9.98 per share, for a total transaction of $99,800.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Zeke Capital Advisors LLC acquired a new position in DiamondRock Hospitality during the 4th quarter valued at about $140,000. MANA Advisors LLC acquired a new position in DiamondRock Hospitality during the 4th quarter valued at about $142,000. Koch Industries Inc. acquired a new position in DiamondRock Hospitality during the 4th quarter valued at about $212,000. Xact Kapitalforvaltning AB acquired a new position in DiamondRock Hospitality during the 4th quarter valued at about $220,000. Finally, GSA Capital Partners LLP boosted its stake in DiamondRock Hospitality by 32.7% during the 3rd quarter. GSA Capital Partners LLP now owns 21,821 shares of the real estate investment trust’s stock valued at $239,000 after purchasing an additional 5,379 shares during the last quarter.
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About DiamondRock Hospitality
DiamondRock Hospitality Company is a real estate investment trust (REIT). As of December 31, 2016, the Company owned a portfolio of 26 hotels and resorts that contains 9,472 guest rooms located in 17 different markets in North America and the United States Virgin Islands. Its business is to acquire, own, asset manage and renovate hotel properties in the United States.
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