Is Diamondrock Hospitality Co (NYSE: DRH) Back In The Buying Zone?

Currently, there are 207.28M common shares owned by the public and among those 201.94M shares have been available to trade.

The company’s stock has a 5-day price change of -0.10% and 17.09% over the past three months. DRH shares are trading 3.62% year to date (YTD), with the 12-month market performance up to 13.14% higher. It has a 12-month low price of $7.74 and touched a high of $10.00 over the same period. DRH has an average intraday trading volume of 2.00 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 4.83%, 7.49%, and 10.70% respectively.

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Institutional ownership of Diamondrock Hospitality Co (NYSE: DRH) shares accounts for 105.06% of the company’s 207.28M shares outstanding.

It has a market capitalization of $2.03B and a beta (3y monthly) value of 1.60. The stock’s trailing 12-month PE ratio is 34.04, while the earnings-per-share (ttm) stands at $0.29. The company has a PEG of 1.18 and the debt-to-equity ratio at 0.73. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.11% over the week and 2.45% over the month.

Earnings per share for the fiscal year are expected to decrease by -11.36%, and 50.10% over the next financial year. EPS should grow at an annualized rate of 28.90% 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. Stifel stated their Hold rating for the stock in a research note on November 22, 2024, with the firm’s price target at $10.75-$10.25. Evercore ISI coverage for the Diamondrock Hospitality Co (DRH) stock in a research note released on November 15, 2024 offered a In-line rating with a price target of $10.50. Compass Point was of a view on August 05, 2024 that the stock is Buy, while Wolfe Research gave the stock Outperform rating on January 10, 2024, issuing a price target of $11. Wells Fargo on their part issued Equal Weight rating on December 08, 2023.

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