Diamondrock Hospitality Co. (DRH) Is Not Likely To Be The Same Tomorrow

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. Recently, Yahoo Finance discussed the stock, revealing that DIAMONDROCK HOSPITALITY COMPANY ANNOUNCES TAX TREATMENT OF 2023 DIVIDENDS.

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Stocks Info

Diamondrock Hospitality Co. 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 $9.12 and fluctuated between $9.23 as its day high and $9.09 as its day low. The current market capitalization of Diamondrock Hospitality Co. is $1.91B. A total of 1.1 million shares were traded on the day, compared to an average of 1.90M 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 14 BUYs and 5 SELLs from insiders. Insiders purchased 545,556 shares during that period but sold 237,502.

Dividend

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 Co. pays an annual dividend of $0.13, resulting in a dividend yield of 1.43%, and it has a price to earnings (P/E) ratio of 23.07. 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.

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 $9.96 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 $9.75 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 $Darden Restaurants, Inc. per share and a lower estimate of $CRH PLC.

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. 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

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, 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.

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