Diamondrock Hospitality Company (NYSE:DRH) – Investment analysts at SunTrust Banks raised their FY2017 earnings per share estimates for shares of Diamondrock Hospitality in a research report issued to clients and investors on Wednesday. SunTrust Banks analyst P. Scholes now anticipates that the real estate investment trust will post earnings per share of $1.00 for the year, up from their previous forecast of $0.99. SunTrust Banks also issued estimates for Diamondrock Hospitality’s Q1 2018 earnings at $0.19 EPS.

Diamondrock Hospitality (NYSE:DRH) last issued its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. Diamondrock Hospitality had a return on equity of 5.41% and a net margin of 11.47%. The firm had revenue of $243.30 million for the quarter, compared to analyst estimates of $240.73 million. During the same period last year, the company earned $0.31 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis.

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A number of other equities analysts have also recently issued reports on the company. Stifel Nicolaus reissued a “buy” rating on shares of Diamondrock Hospitality in a report on Thursday. Canaccord Genuity reissued a “buy” rating and issued a $13.00 target price on shares of Diamondrock Hospitality in a report on Monday. BidaskClub raised Diamondrock Hospitality from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. ING Group raised Diamondrock Hospitality to an “outperform” rating and set a $13.00 target price for the company in a report on Monday, July 17th. They noted that the move was a valuation call. Finally, Raymond James Financial, Inc. raised Diamondrock Hospitality from a “market perform” rating to an “outperform” rating and set a $13.00 target price for the company in a report on Friday, July 14th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. Diamondrock Hospitality currently has an average rating of “Hold” and a consensus target price of $11.56.

Shares of Diamondrock Hospitality (DRH) opened at 10.93 on Thursday. Diamondrock Hospitality has a 52 week low of $8.73 and a 52 week high of $12.08. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 22.13 and a beta of 1.38. The firm has a 50-day moving average price of $11.50 and a 200-day moving average price of $11.24.

Large investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. acquired a new stake in Diamondrock Hospitality during the first quarter worth $116,000. Meadow Creek Investment Management LLC raised its position in shares of Diamondrock Hospitality by 6.3% in the first quarter. Meadow Creek Investment Management LLC now owns 10,892 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 644 shares during the last quarter. Ronald Blue & Co. LLC raised its position in shares of Diamondrock Hospitality by 4.6% in the first quarter. Ronald Blue & Co. LLC now owns 11,087 shares of the real estate investment trust’s stock worth $124,000 after buying an additional 483 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of Diamondrock Hospitality during the first quarter worth approximately $134,000. Finally, OLD National Bancorp IN purchased a new position in shares of Diamondrock Hospitality during the first quarter worth approximately $142,000.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 12th. Investors of record on Friday, June 30th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.50 dividend on an annualized basis and a yield of 4.57%. Diamondrock Hospitality’s dividend payout ratio is 102.04%.

Diamondrock Hospitality Company Profile

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.

Earnings History and Estimates for Diamondrock Hospitality (NYSE:DRH)

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