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Friday, December 2, 2022

DiamondRock Hospitality Company (NYSE: DRH) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for DiamondRock Hospitality Company (DRH) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by +$0.08, or +0.90%, to $8.99. Volume reached 39,411 shares, with price reaching a high of $8.99 and a low of $8.99. Yahoo Finance discussed the stock recently as it posted DIAMONDROCK HOSPITALITY DECLARES DIVIDEND OF $0.03 PER SHARE.

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Stocks Info

DiamondRock Hospitality Company is listed on the NYSE in the Real Estate sector while operating in the REIT – Hotel & Motel industry. At the end of the last regular session, the stock closed at $8.99 and fluctuated between $9.07 as its day high and $8.76 as its day low. The current market capitalization of DiamondRock Hospitality Company is $1.92B. A total of 1.07 million shares were traded on the day, compared to an average of 1.77M shares.

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, DRH has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 17 BUYs and 6 SELLs from insiders. Insiders purchased 725,270 shares during that period but sold 101,510.

In the most recent transaction, Tennis William J sold 30,000 shares of DRH for 10.90 per share on Nov 08. After the transaction, the EVP & General Counsel now owns 372,459 company shares.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. DiamondRock Hospitality Company pays an annual dividend of $0.12, resulting in a dividend yield of 1.33%, and it has a price to earnings (P/E) ratio of 39.96. DRH’s most recent ex-dividend date was 09/29/2022 when it declared a $0.03 quarterly dividend that was paid in cash on 10/12/2022. Previously, the company paid the dividend on 01/13/2020 with an ex-dividend date of 12/31/2019. The dividend was $0.125 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for DRH in the last 3 months, the mean price target is $10.60 with high estimates of $12.00 and low estimates of $9.00. In terms of 52-week highs and lows, DRH has a high of $11.15 and a low of $7.68.

As of this writing, DRH has an earnings estimate of $0.27 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.31 per share and a lower estimate of $0.24. The company reported an EPS of $0.36 in the last quarter, which was 16.13% higher than expectations of $0.31.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 12 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DRH is Hold with a score of 3.33. A total of 1 analysts rated the stock as Buy while 2 rated it as Overweight while 8 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.

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