DiamondRock Hospitality Forecasted to Earn Q1 2019 Earnings of $0.19 Per Share (DRH)
DiamondRock Hospitality (NYSE:DRH) – Boenning Scattergood issued their Q1 2019 EPS estimates for DiamondRock Hospitality in a note issued to investors on Tuesday. Boenning Scattergood analyst F. Van. Dijkum anticipates that the real estate investment trust will post earnings of $0.19 per share for the quarter. Boenning Scattergood has a “Neutral” rating on the stock. Boenning Scattergood also issued estimates for DiamondRock Hospitality’s Q2 2019 earnings at $0.32 EPS, Q3 2019 earnings at $0.25 EPS, Q4 2019 earnings at $0.24 EPS and FY2019 earnings at $1.00 EPS.
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, meeting the Thomson Reuters’ consensus estimate of $0.25. DiamondRock Hospitality had a net margin of 10.47% and a return on equity of 4.97%. The firm had revenue of $223.50 million during the quarter, compared to analysts’ expectations of $223.30 million. During the same quarter last year, the business earned $0.26 earnings per share. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year.
Shares of DiamondRock Hospitality (NYSE:DRH) traded up $0.11 during midday trading on Wednesday, hitting $11.45. 1,428,589 shares of the company traded hands, compared to its average volume of 1,494,357. 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 12-month low of $10.43 and a 12-month high of $12.07. The firm has a market capitalization of $2,245.42, a PE ratio of 25.44, a price-to-earnings-growth ratio of 2.27 and a beta of 1.33.
Several large investors have recently bought and sold shares of the company. Amalgamated Bank lifted its stake in DiamondRock Hospitality by 0.6% during the second quarter. Amalgamated Bank now owns 27,339 shares of the real estate investment trust’s stock valued at $299,000 after buying an additional 151 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in DiamondRock Hospitality by 0.5% during the second quarter. PNC Financial Services Group Inc. now owns 132,999 shares of the real estate investment trust’s stock valued at $1,456,000 after buying an additional 605 shares in the last quarter. GSA Capital Partners LLP lifted its stake in DiamondRock Hospitality by 6.0% during the second quarter. GSA Capital Partners LLP now owns 16,442 shares of the real estate investment trust’s stock valued at $180,000 after buying an additional 930 shares in the last quarter. Shelton Capital Management lifted its stake in DiamondRock Hospitality by 5.4% during the second quarter. Shelton Capital Management now owns 19,890 shares of the real estate investment trust’s stock valued at $218,000 after buying an additional 1,024 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of DiamondRock Hospitality by 15.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,787 shares of the real estate investment trust’s stock worth $173,000 after purchasing an additional 2,081 shares in the last quarter.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be given a dividend of $0.125 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.50 annualized dividend and a dividend yield of 4.37%. DiamondRock Hospitality’s dividend payout ratio (DPR) is 111.11%.
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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