Diamondrock Hospitality Co. (NYSE: DRH): The Best-Of-Breed For Investing?

Currently, there are 209.63M common shares owned by the public and among those 204.66M shares have been available to trade.

However, the script later moved the day high at 9.42, up 0.32%. The company’s stock has a 5-day price change of -2.00% and -0.64% over the past three months. DRH shares are trading -0.85% year to date (YTD), with the 12-month market performance up to 14.51% higher. It has a 12-month low price of $7.33 and touched a high of $9.99 over the same period. DRH has an average intraday trading volume of 1.59 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.85%, -0.84%, and 8.01% respectively.

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Institutional ownership of Diamondrock Hospitality Co. (NYSE: DRH) shares accounts for 105.34% of the company’s 209.63M shares outstanding.

It has a market capitalization of $1.95B and a beta (3y monthly) value of 1.60. The stock’s trailing 12-month PE ratio is 25.82, while the earnings-per-share (ttm) stands at $0.36. The company has a debt-to-equity ratio at 0.79. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.33% over the week and 2.04% over the month.

Earnings per share for the fiscal year are expected to increase by 14.01%, and 12.69% over the next financial year. EPS should shrink at an annualized rate of -9.50% over the next five years, compared to -3.28% over the past 5-year period.

Looking at the support for the DRH, a number of firms have released research notes about the stock. Wolfe Research stated their Outperform rating for the stock in a research note on January 10, 2024, with the firm’s price target at $11. Wells Fargo coverage for the Diamondrock Hospitality Co. (DRH) stock in a research note released on December 08, 2023 offered a Equal Weight rating with a price target of $9. Wells Fargo was of a view on March 30, 2023 that the stock is Overweight, while Morgan Stanley gave the stock Equal-Weight rating on December 05, 2022, issuing a price target of $10. Evercore ISI on their part issued Outperform rating on October 18, 2022.

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