Diamondrock Hospitality Company (NYSE:DRH) announced a quarterly dividend on Thursday, December 14th, Wall Street Journal reports. Shareholders of record on Friday, December 29th will be paid a dividend of 0.125 per share by the real estate investment trust on Friday, January 12th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date of this dividend is Thursday, December 28th.

Diamondrock Hospitality has increased its dividend by an average of 14.3% annually over the last three years. Diamondrock Hospitality has a payout ratio of 51.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Diamondrock Hospitality to earn $0.98 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 51.0%.

Shares of Diamondrock Hospitality (NYSE DRH) traded up $0.21 during mid-day trading on Thursday, hitting $11.37. The company’s stock had a trading volume of 2,644,100 shares, compared to its average volume of 2,238,123. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.41 and a quick ratio of 2.41. Diamondrock Hospitality has a 52 week low of $10.43 and a 52 week high of $12.07. The company has a market cap of $2,235.41, a P/E ratio of 11.27, a P/E/G ratio of 2.30 and a beta of 1.33.

Diamondrock Hospitality (NYSE:DRH) last announced its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.25 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.25. Diamondrock Hospitality had a return on equity of 4.97% and a net margin of 10.47%. The company had revenue of $223.50 million during the quarter, compared to the consensus estimate of $223.30 million. During the same quarter last year, the company earned $0.26 EPS. The company’s quarterly revenue was up 1.5% on a year-over-year basis. equities analysts expect that Diamondrock Hospitality will post 0.97 EPS for the current year.

A number of analysts have commented on the company. Boenning Scattergood upgraded Diamondrock Hospitality from an “under perform” rating to a “neutral” rating in a research report on Friday, December 8th. Evercore ISI upgraded Diamondrock Hospitality from an “in-line” rating to an “outperform” rating in a research report on Monday, December 4th. Zacks Investment Research downgraded Diamondrock Hospitality from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Robert W. Baird restated a “buy” rating and set a $12.00 target price on shares of Diamondrock Hospitality in a research report on Friday, November 10th. Finally, TheStreet downgraded Diamondrock Hospitality from a “b” rating to a “c+” rating in a research report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. Diamondrock Hospitality presently has an average rating of “Hold” and an average price target of $12.00.

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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.

Dividend History for Diamondrock Hospitality (NYSE:DRH)

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