Analysts predict that Diamondrock Hospitality Company (NYSE:DRH) will report sales of $206.64 million for the current fiscal quarter, Zacks reports. Eight analysts have made estimates for Diamondrock Hospitality’s earnings, with the lowest sales estimate coming in at $193.77 million and the highest estimate coming in at $217.30 million. Diamondrock Hospitality reported sales of $206.62 million during the same quarter last year, which indicates a positive year over year growth rate of 0%. The firm is scheduled to issue its next earnings results on Wednesday, February 28th.

On average, analysts expect that Diamondrock Hospitality will report full-year sales of $206.64 million for the current year, with estimates ranging from $856.74 million to $882.70 million. For the next year, analysts forecast that the business will post sales of $873.38 million per share, with estimates ranging from $828.90 million to $910.71 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Diamondrock Hospitality.

Diamondrock Hospitality (NYSE:DRH) last released its earnings results on Monday, November 6th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. The firm had revenue of $223.50 million during the quarter, compared to analyst estimates of $223.30 million. Diamondrock Hospitality had a net margin of 10.47% and a return on equity of 4.97%. The business’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the business earned $0.26 EPS.

DRH has been the subject of several analyst reports. Robert W. Baird restated a “buy” rating and issued a $12.00 target price on shares of Diamondrock Hospitality in a report on Friday, November 10th. Stifel Nicolaus restated a “buy” rating and issued a $12.00 target price on shares of Diamondrock Hospitality in a report on Thursday, September 21st. Zacks Investment Research upgraded shares of Diamondrock Hospitality from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Wednesday, October 11th. TheStreet lowered shares of Diamondrock Hospitality from a “b” rating to a “c+” rating in a report on Monday, November 6th. Finally, KeyCorp restated a “hold” rating on shares of Diamondrock Hospitality in a report on Sunday, September 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $12.00.

Shares of Diamondrock Hospitality (NYSE:DRH) opened at $11.47 on Friday. The stock has a market cap of $2,269.46, a PE ratio of 11.44, a PEG ratio of 2.33 and a beta of 1.33. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.51. Diamondrock Hospitality has a twelve month low of $10.43 and a twelve month high of $12.07.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 4.36%. The ex-dividend date is Thursday, December 28th. Diamondrock Hospitality’s dividend payout ratio is presently 111.11%.

A number of hedge funds have recently bought and sold shares of the stock. Amalgamated Bank increased its stake in Diamondrock Hospitality by 0.6% in the 2nd quarter. Amalgamated Bank now owns 27,339 shares of the real estate investment trust’s stock worth $299,000 after buying an additional 151 shares during the period. World Asset Management Inc increased its stake in Diamondrock Hospitality by 2.2% in the 2nd quarter. World Asset Management Inc now owns 13,047 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 282 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in Diamondrock Hospitality by 0.6% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 54,800 shares of the real estate investment trust’s stock worth $600,000 after buying an additional 320 shares during the period. PNC Financial Services Group Inc. increased its stake in Diamondrock Hospitality by 0.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 132,999 shares of the real estate investment trust’s stock worth $1,456,000 after buying an additional 605 shares during the period. Finally, GAM Holding AG increased its stake in Diamondrock Hospitality by 5.3% in the 2nd quarter. GAM Holding AG now owns 17,012 shares of the real estate investment trust’s stock worth $186,000 after buying an additional 862 shares during the period.

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

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