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. Most recently, Yahoo Finance reported about the stock as it publicized that DIAMONDROCK HOSPITALITY ANNOUNCES FOURTH QUARTER 2023 EARNINGS RELEASE AND CONFERENCE CALL.
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Stocks Info
The company is listed on the NYSE and operates within the REIT – Hotel & Motel industry segment. At the end of the last regular session, the stock closed at $9.19 and fluctuated between $9.35 as its day high and $9.13 as its day low. The current market capitalization of Diamondrock Hospitality Co. is $1.93B. A total of 1.37 million shares were traded on the day, compared to an average of 1.93M shares.
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. 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 14 BUYs and 6 SELLs from insiders. Insiders purchased 545,556 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.
Dividend
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Diamondrock Hospitality Co. pays an annual dividend of $0.13, resulting in a dividend yield of 1.41%, and it has a price to earnings (P/E) ratio of 23.24. DRH’s most recent ex-dividend date was 12/28/2023 when it declared a $0.03 quarterly dividend that was paid in cash on 1/11/2024. Previously, the company paid the dividend on 10/12/2023 with an ex-dividend date of 9/28/2023. The DRH stock dividend was $0.03 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for DRH in the last 3 months, the mean price target is $9.92 with high estimates of $11.00 and low estimates of $9.00. 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 $Direxion Daily Real Estate Bear per share and a lower estimate of $CRH PLC.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. 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 $7.84, while its Total Shareholder’s Equity was $1.52B.
Analysts Opinion
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 3.58.
