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Tuesday, September 26, 2023

Investors’ Patience Is Being Tested Right Now By DiamondRock Hospitality Company (NYSE: DRH)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for DiamondRock Hospitality Company (DRH) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $8.01. The DiamondRock Hospitality Company has recorded 261,311 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted DIAMONDROCK ACQUIRES CHICO HOT SPRINGS RESORT.

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Stocks Info

DiamondRock Hospitality Company is listed on the NYSE as a member of the Real Estate sector and is a part of the REIT – Hotel & Motel industry. At the end of the last regular session, the stock closed at $8.01 and fluctuated between $8.21 as its day high and $8.01 as its day low. The current market capitalization of DiamondRock Hospitality Company is $1.69B. A total of 1.36 million shares were traded on the day, compared to an average of 2.17M shares.

Additionally, investors take into account insider trades when predicting how a stock will perform. 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 16 BUYs and 6 SELLs from insiders. Insiders purchased 545,624 shares during that period but sold 261,812.

In the most recent transaction, Brugger Mark W sold 24,310 shares of DRH for 10.00 per share on Feb 02. After the transaction, the President and CEO now owns 2,396,099 company shares.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. DiamondRock Hospitality Company pays an annual dividend of $0.12, resulting in a dividend yield of 1.50%, and it has a price to earnings (P/E) ratio of 20.03. DRH’s most recent ex-dividend date was 6/29/2023 when it declared a $0.03 quarterly dividend that was paid in cash on 7/12/2023. Previously, the company paid the dividend on 4/12/2023 with an ex-dividend date of 3/30/2023. The DRH stock dividend was $0.03 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for DRH in the last 3 months, the mean price target is $9.86 with high estimates of $11.00 and low estimates of $8.00. In terms of 52-week highs and lows, DRH has a high of $10.02 and a low of $7.14.

As of this writing, DRH has an earnings estimate of $RH per share for the current quarter. EPS was calculated based on a consensus of Danaher Corporation estimates, with a high estimate of $CRH PLC per share and a lower estimate of $Darden Restaurants, Inc.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. DRH’s latest balance sheet shows that the firm has $38.62M in Cash & Short Term Investments as of fiscal 2021. There were $1.18B in debt and $358.51M in liabilities at the time. Its Book Value Per Share was $7.67, while its Total Shareholder’s Equity was $1.52B.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 3.50.

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