After Hours
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. Yahoo Finance discussed the stock recently as it posted DIAMONDROCK HOSPITALITY DECLARES DIVIDEND FOR FIRST QUARTER 2024.
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Stocks Info
DRH belongs to the Real Estate sector of the NYSE while operating in the REIT – Hotel & Motel industry. The current market capitalization of Diamondrock Hospitality Co. is $1.99B. A total of 1.3 million shares were traded on the day, compared to an average of 1.92M shares.
Investors also take into account insider trades in predicting how the stock will perform in the future. 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 7 BUYs and 0 SELLs from insiders. Insiders purchased 87,500 shares during that period but sold 0.
Dividend
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Diamondrock Hospitality Co. pays an annual dividend of $0.12, resulting in a dividend yield of 1.27%, and it has a price to earnings (P/E) ratio of 26.26. 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.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, DRH has a high of $9.99 and a low of $7.14.
As of this writing, DRH has an earnings estimate of $0.03 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.04 per share and a lower estimate of $0.02. The company reported an EPS of $0.12 in the last quarter, which was 20.00% higher than expectations of $0.1.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $7.83, while its Total Shareholder’s Equity was $1.52B.
Analysts Opinion
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 3.54.
