Diamondrock Hospitality 株価情報 (NYSE: DRH)

最新ニュース Diamondrock Hospitality (NYSE:DRH) 株価情報

Diamondrock Hospitality

Diamondrock Hospitality Company is a real estate investment trust that owns lodging properties. Its business is to acquire, own, manage, and renovate full-service hotel properties in the United States. It operates in cities such as Chicago, Boston, New York, Denver, and others. Within DiamondRock's holdings, the majority of the hotel brands include Marriott, Starwood, and Hilton. The revenue is divided between room, food and beverage, and others. The room segment contributes the majority of the revenue. The firm's customers include leisure transient, business transient, and group customers.

Diamondrock Hospitality Company Common Stock

Diamondrock Hospitality Co

Dr Hoenle AG

Diamondrock Hospitality Company 8.250% Series A Cumulative Redeemable Preferred Stock

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Common Dividends for 2024 Total $0.32 Per Share
BETHESDA, Md., Dec. 9, 2024 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRH#NYSE">DRH</a>) announced that its Board of Directors has declared a fourth quarter dividend of $0.23 per common share, which includes the Company's regular quarterly dividend of $0.03 per common share, along with a stub dividend of $0.20 per common share. The dividend will be paid on January 14, 2025 to shareholders of record as of December 31, 2024.

Dividends

DiamondRock Hospitality Declared A Q4 Dividend Of $0.23 Per Common Share, Which Includes The Company's Regular Quarterly Dividend Of $0.03 Per Common Share, Along With A Stub Dividend Of $0.20 Per Common Share.

In the last three months, 4 analysts have published ratings on Diamondrock Hospitality (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRH#NYSE">DRH</a>), offering a diverse range of perspectives from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $10.06, a high estimate of $10.50, and a low estimate of $9.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 1.28%. 
<img src="https://www.benzinga.com/files/images/story/2024/1733760074_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The standing of Diamondrock Hospitality among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Dori Kesten</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$10.50</td>
<td>$10.00</td>
</tr>
<tr>
<td>Simon Yarmak</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Hold</td>
<td>$10.25</td>
<td>$10.75</td>
</tr>
<tr>
<td>Duane Pfenningwerth</td>
<td>Evercore ISI Group</td>
<td>Maintains</td>
<td>In-Line</td>
<td>$10.50</td>
<td>$10.50</td>
</tr>
<tr>
<td>Dori Kesten</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$9.00</td>
<td>$9.50</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Diamondrock Hospitality. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Diamondrock Hospitality compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Diamondrock Hospitality's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Capture valuable insights into Diamondrock Hospitality's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/DRH/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Diamondrock Hospitality analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Delving into Diamondrock Hospitality's Background</h2>
Diamondrock Hospitality Company is a real estate investment trust that owns lodging properties. Its business is to acquire, own, manage, and renovate full-service hotel properties in the United States. It operates in cities such as Chicago, Boston, New York, Denver, and others. Within DiamondRock's holdings, the majority of the hotel brands include Marriott, Starwood, and Hilton. The revenue is divided between room, food and beverage, and others. The room segment contributes the majority of the revenue. The firm's customers include leisure transient, business transient, and group customers.
<h3>Diamondrock Hospitality's Economic Impact: An Analysis</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Positive Revenue Trend: Examining Diamondrock Hospitality's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 3.11% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Real Estate sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 8.41%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 1.46%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Diamondrock Hospitality's ROA excels beyond industry benchmarks, reaching 0.75%. This signifies efficient management of assets and strong financial health.
Debt Management: Diamondrock Hospitality's debt-to-equity ratio is below the industry average. With a ratio of 0.73, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

4 Analysts Assess Diamondrock Hospitality: What You Need To Know

Wells Fargo analyst Dori Kesten maintains Diamondrock Hospitality (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRH#NYSE">DRH</a>) with a Equal-Weight and raises the price target from $10 to $10.5.

Price Target

Wells Fargo Maintains Equal-Weight on Diamondrock Hospitality, Raises Price Target to $10.5

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
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<li>RBC Capital cut the price target for Atkore Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATKR#NYSE">ATKR</a>) from $99 to $93. RBC Capital analyst Deane Dray maintained a Sector Perform rating. Atkore shares closed at $85.14 on Thursday. <a href="https://www.benzinga.com/quote/ATKR/analyst-ratings">See how other analysts view this stock</a>.</li>
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<li>Stifel cut DiamondRock Hospitality Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRH#NYSE">DRH</a>) price target from $10.75 to $10.25. Stifel analyst Simon Yarmak downgraded the stock from Buy to Hold. DiamondRock Hospitality shares closed at $9.14 on Thursday.  <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Benchmark cut PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) price target from $185 to $160. Benchmark analyst Fawne Jiang maintained a Buy rating. PDD shares closed at $104.09 on Thursday. See how other analysts view this stock.</li>
<li>Truist Securities raised the price target for AECOM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACM#NYSE">ACM</a>) from $119 to $129. Truist Securities analyst Jamie Cook maintained a Buy rating. AECOM shares settled at $112.56 on Thursday. <a href="https://www.benzinga.com/quote/ACM/analyst-ratings">See how other analysts view this stock</a>.</li>
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Stifel analyst Simon Yarmak downgrades Diamondrock Hospitality (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRH#NYSE">DRH</a>) from Buy to Hold and lowers the price target from $10.75 to $10.25.

Downgrades

Stifel Downgrades Diamondrock Hospitality to Hold, Lowers Price Target to $10.25

Evercore ISI Group analyst Duane Pfenningwerth downgrades Diamondrock Hospitality (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRH#NYSE">DRH</a>) from Outperform to In-Line and maintains the price target from $10.5 to $10.5.

Evercore ISI Group Downgrades Diamondrock Hospitality to In-Line, Maintains Price Target to $10.5

Diamondrock Hospitality (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRH#NYSE">DRH</a>) narrows FY2024 FFO guidance from $0.95-1.00 to $0.97-0.99 vs $0.98 analyst estimate..

Guidance

Diamondrock Hospitality Narrows FY2024 FFO Guidance from $0.95-1.00 to $0.97-0.99 vs $0.98 Est

Diamondrock Hospitality (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRH#NYSE">DRH</a>) reported quarterly earnings of $0.26 per share which missed the analyst consensus estimate of $0.27 by 3.7 percent. The company reported quarterly sales of $285.129 million which missed the analyst consensus estimate of $286.679 million by 0.54 percent. This is a 3.11 percent increase over sales of $276.520 million the same period last year.

Earnings

Earnings Misses

Diamondrock Hospitality Q3 2024 FFO $0.26 Misses $0.27 Estimate, Sales $285.129M Miss $286.679M Estimate

Diamondrock Hospitality (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRH#NYSE">DRH</a>) is set to give its latest quarterly earnings report on Thursday, 2024-11-07. Here's what investors need to know before the announcement.
Analysts estimate that Diamondrock Hospitality will report an earnings per share (EPS) of $0.27. 
Investors in Diamondrock Hospitality are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.02, which was followed by a 0.0% drop in the share price the next day.
Here's a look at Diamondrock Hospitality's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.32</td>
<td>0.16</td>
<td></td>
<td>0.23</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.34</td>
<td>0.17</td>
<td>0.18</td>
<td>0.26</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.0%</td>
<td>1.0%</td>
<td>-0.0%</td>
<td>6.0%</td>
</tr>
</tbody>
</table>

<h3>Performance of Diamondrock Hospitality Shares</h3>
Shares of Diamondrock Hospitality were trading at $8.75 as of November 05. Over the last 52-week period, shares are up 13.94%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Insights on Diamondrock Hospitality</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Diamondrock Hospitality.
The consensus rating for Diamondrock Hospitality is Neutral, based on 2 analyst ratings. With an average one-year price target of $9.5, there's a potential 8.57% upside.
<h3>Comparing Ratings with Peers</h3>
This comparison focuses on the analyst ratings and average 1-year price targets of Sunstone Hotel Invts, Xenia Hotels &amp; Resorts and Pebblebrook Hotel, three major players in the industry, shedding light on their relative performance expectations and market positioning.
<ul>
<li>For Sunstone Hotel Invts, analysts project an Neutral trajectory, with an average 1-year price target of $10.5, indicating a potential 20.0% upside.</li>
<li>The prevailing sentiment among analysts is an Outperform trajectory for Xenia Hotels &amp; Resorts, with an average 1-year price target of $15.0, implying a potential 71.43% upside.</li>
<li>Analysts currently favor an Neutral trajectory for Pebblebrook Hotel, with an average 1-year price target of $13.67, suggesting a potential 56.23% upside.</li>
</ul>
<h3>Insights: Peer Analysis</h3>
Within the peer analysis summary, vital metrics for Sunstone Hotel Invts, Xenia Hotels &amp; Resorts and Pebblebrook Hotel are presented, shedding light on their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Diamondrock Hospitality</td>
<td>Neutral</td>
<td>6.19%</td>
<td>$175.78M</td>
<td>1.35%</td>
</tr>
<tr>
<td>Sunstone Hotel Invts</td>
<td>Neutral</td>
<td>-10.37%</td>
<td>$127.04M</td>
<td>1.19%</td>
</tr>
<tr>
<td>Xenia Hotels &amp; Resorts</td>
<td>Outperform</td>
<td>0.68%</td>
<td>$72.91M</td>
<td>1.19%</td>
</tr>
<tr>
<td>Pebblebrook Hotel</td>
<td>Neutral</td>
<td>3.32%</td>
<td>$124.45M</td>
<td>0.74%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Diamondrock Hospitality ranks at the top for Revenue Growth among its peers. It is in the middle for Gross Profit. For Return on Equity, it is also in the middle.
<h3>Get to Know Diamondrock Hospitality Better</h3>
Diamondrock Hospitality Company is a real estate investment trust that owns lodging properties. Its business is to acquire, own, manage, and renovate full-service hotel properties in the United States. It operates in cities such as Chicago, Boston, New York, Denver, and others. Within DiamondRock's holdings, the majority of the hotel brands include Marriott, Starwood, and Hilton. The revenue is divided between room, food and beverage, and others. The room segment contributes the majority of the revenue. The firm's customers include leisure transient, business transient, and group customers.
<h3>Diamondrock Hospitality: Financial Performance Dissected</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Diamondrock Hospitality's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 6.19%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Real Estate sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Diamondrock Hospitality's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 7.14% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Diamondrock Hospitality's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.35% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Diamondrock Hospitality's ROA excels beyond industry benchmarks, reaching 0.68%. This signifies efficient management of assets and strong financial health.
Debt Management: Diamondrock Hospitality's debt-to-equity ratio is below the industry average at 0.78, reflecting a lower dependency on debt financing and a more conservative financial approach.
<a href="https://www.benzinga.com/quote/DRH/earnings">To track all earnings releases for Diamondrock Hospitality visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Peek at Diamondrock Hospitality's Future Earnings

Wells Fargo analyst Dori Kesten maintains Diamondrock Hospitality (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRH#NYSE">DRH</a>) with a Equal-Weight and lowers the price target from $9.5 to $9.

Wells Fargo Maintains Equal-Weight on Diamondrock Hospitality, Lowers Price Target to $9

Truist Securities analyst Patrick Scholes maintains Diamondrock Hospitality (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRH#NYSE">DRH</a>) with a Hold and lowers the price target from $11 to $10.

Truist Securities Maintains Hold on Diamondrock Hospitality, Lowers Price Target to $10

Offerings

DiamondRock Hospitality Files Mixed Securities Shelf; Size Not Disclosed

Compass Point analyst Floris Van Dijkum upgrades Diamondrock Hospitality (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRH#NYSE">DRH</a>) from Neutral to Buy and announces $10 price target.

Upgrades

Compass Point Upgrades Diamondrock Hospitality to Buy, Announces $10 Price Target

DiamondRock Hospitality Raises FY24 Adj. FFO Guidance From $0.91-$1.00 To $0.95-$1.00

Diamondrock Hospitality (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRH#NYSE">DRH</a>) reported quarterly earnings of $0.34 per share which beat the analyst consensus estimate of $0.32 by 6.25 percent. The company reported quarterly sales of $309.280 million which beat the analyst consensus estimate of $301.770 million by 2.49 percent. This is a 6.19 percent increase over sales of $291.247 million the same period last year.

Earnings Beats

Diamondrock Hospitality Q2 2024 FFO $0.34 Beats $0.32 Estimate, Sales $309.280M Beat $301.770M Estimate

Diamondrock Hospitality Raises FY24 AFFO From $0.88-$1.02 To $0.91-$1.00

Diamondrock Hospitality (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRH#NYSE">DRH</a>) reported quarterly earnings of $0.17 per share which beat the analyst consensus estimate of $0.16 by 6.25 percent. This is a 5.56 percent decrease over earnings of $0.18 per share from the same period last year. The company reported quarterly sales of $256.423 million which beat the analyst consensus estimate of $248.908 million by 3.02 percent. This is a 5.28 percent increase over sales of $243.553 million the same period last year.

Diamondrock Hospitality Q1 2024 FFO $0.17 Beats $0.16 Estimate, Sales $256.423M Beat $248.908M Estimate

Jeffrey Donnelly Appointed Chief Executive Officer; Briony Quinn Appointed Chief Financial Officer; Justin Leonard Appointed President
Appointments Capitalize on DiamondRock's Strong Bench and Proven Talent to Drive Continued Business Momentum
Company Reaffirms 2024 Annual Guidance
BETHESDA, Md., April 15, 2024 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRH#NYSE">DRH</a>), a lodging-focused real estate investment trust that owns a portfolio of 36 premium hotels and resorts in the United States, today announced leadership changes and a simplified organizational structure to drive continued business momentum:
<ul>
<li>Jeffrey Donnelly, previously Executive Vice President and Chief Financial Officer, has been appointed Chief Executive Officer. Mr. Donnelly is expected to join the Company's Board of Directors after the 2024 Annual Meeting of Stockholders, which will be held in May. He succeeds Mark Brugger, who, after 20 years of service, is departing the Company.</li>
<li>Briony Quinn, previously Senior Vice President and Treasurer, has been named Executive Vice President, Chief Financial Officer and Treasurer, succeeding Mr. Donnelly.</li>
<li>Justin Leonard, formerly Executive Vice President and Chief Operating Officer, has been appointed President. Mr. Leonard will maintain his role as Chief Operating Officer and will assume the responsibilities previously overseen by Troy&nbsp;Furbay, Executive Vice President and Chief Investment Officer, who is departing the Company.</li>
</ul>
With these changes, which are effective today, DiamondRock has reduced its executive team structure from six to four members, including the Company's Executive Vice President and General Counsel.
"DiamondRock has a strong bench of talent and with accelerating performance and a solid foundation in place, the Board believes now is the right time to implement these changes and establish a simpler executive structure that more closely aligns with the needs of the business," said William W. McCarten, Chairman of the DiamondRock Hospitality Company Board.
"Jeff is the ideal person to serve as CEO having demonstrated outstanding leadership and a keen understanding of our portfolio and strategy since joining the Company in 2019. Briony and Justin bring significant finance and transactional expertise, respectively, to their new roles, and their promotions reflect the contributions each has made to DiamondRock's success. As lodging fundamentals continue to improve, we are confident that our new leadership team will advance our strategy and propel additional value creation," continued Mr. McCarten.
"I am excited to be CEO at the dawn of a new era for travel. With our high-quality portfolio of unique lifestyle properties, we are poised to capitalize on the long-term secular demand drivers in the travel industry and deliver sustainable, profitable growth," said Mr. Donnelly. "The streamlined executive structure announced today ensures we have the talent to capture this upside. I look forward to continuing to collaborate with the Board and our highly experienced executive team to create value for shareholders. I would also like to thank Mark for his leadership in building a great company, and I wish him great success in his future endeavors."
"On behalf of the Board, I thank Mark and Troy for their significant contributions, which have helped make DiamondRock the industry leader it is today," Mr. McCarten added. "Mark co-founded DiamondRock 20 years ago and during his tenure he led a successful IPO, guided the expansion and diversification of the portfolio and assembled an experienced and results-driven team. Troy's influence on the Company is reflected in DiamondRock's growth and balanced portfolio, which is ideally suited for the most dynamic trends in travel over the next decade. We wish both Mark and Troy well."
Reaffirms 2024 Guidance The Company is reaffirming its expectations for its full year 2024 results, which were previously announced in its earnings press release on February 22, 2024.
About Jeffrey J. Donnelly Jeffrey J. Donnelly joined DiamondRock as Executive Vice President and Chief Financial Officer in August 2019. Prior to joining DiamondRock, Mr. Donnelly was Managing Director of Equity Research at Wells Fargo Securities where he co-founded Wells Fargo's Real Estate &amp; Lodging Equity Research Platform and had direct responsibility for over $45 billion of equity transactions over his 22-year career. Prior to Wells Fargo, Mr. Donnelly was Assistant Vice President at AEW Capital Management, L.P. where he had asset management responsibility for a 15 million square foot diversified commercial real estate portfolio and executed property and capital market transactions exceeding $5 billion.
Mr. Donnelly is a Chartered Financial Analyst (CFA) and Certified Management Accountant (CMA). He earned a B.B.A. in Finance from The George Washington University and is Founder and Trustee of The Rubinstein-Taybi Syndrome Children's Foundation (RTSCF), a 501(c)3 foundation.
About Briony R. Quinn Briony R. Quinn previously served as Senior Vice President and Treasurer of DiamondRock since March 2018. Ms. Quinn joined DiamondRock in 2007 as Assistant Controller and was promoted to Vice President and Corporate Controller in 2008 and to Chief Accounting Officer in 2014. Prior to DiamondRock, Ms. Quinn was the Vice President of Finance and Accounting for Meristar Hospitality Corporation, a publicly-traded lodging real estate investment trust. She previously held roles at a number of audit and consulting firms, including Arthur Andersen and Beers &amp; Cutler
Ms. Quinn is a former certified public accountant. She holds a B.S in Accounting with a minor in Finance from Providence College.
About Justin L. Leonard Justin L. Leonard joined DiamondRock as Executive Vice President and Chief Operating Officer in July 2022. Prior to joining DiamondRock, he was at Walton Street Capital for 23 years, most recently as a Senior Principal where he was responsible for the oversight of the firm's hotel investments. During his tenure at Walton Street, Mr. Leonard was involved in over $3 billion in hospitality transactions and directed the asset management of 60 branded and independent hotels totaling over 20,000 rooms.
Mr. Leonard holds a B.B.A. in Real Estate from the University of Wisconsin-Madison.

Management

DiamondRock Hospitality Appoints Jeffrey Donnelly As CEO; Briony Quinn As CFO; Justin Leonard As President; Company Reaffirms 2024 Annual Guidance, Which Were Previously Announced In Its Earnings Press Release On February 22, 2024

Analysts' ratings for Diamondrock Hospitality (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRH#NYSE">DRH</a>) over the last quarter vary from bullish to bearish, as provided by 4 analysts.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Diamondrock Hospitality, revealing an average target of $10.62, a high estimate of $11.00, and a low estimate of $10.00. Observing a 9.82% increase, the current average has risen from the previous average price target of $9.67. 
<img src="https://www.benzinga.com/files/images/story/2024/1710424822_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The standing of Diamondrock Hospitality among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Patrick Scholes</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$11.00</td>
<td>$10.00</td>
</tr>
<tr>
<td>Simon Yarmak</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$10.50</td>
<td>$10.00</td>
</tr>
<tr>
<td>Keegan Carl</td>
<td>Wolfe Research</td>
<td>Announces</td>
<td>Outperform</td>
<td>$11.00</td>
<td>-</td>
</tr>
<tr>
<td>Dori Kesten</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$10.00</td>
<td>$9.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Diamondrock Hospitality. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Diamondrock Hospitality compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Diamondrock Hospitality's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Diamondrock Hospitality's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/DRH/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Diamondrock Hospitality analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Discovering Diamondrock Hospitality: A Closer Look</h2>
Diamondrock Hospitality Company is a real estate investment trust that owns lodging properties. Its business is to acquire, own, manage, and renovate full-service hotel properties in the United States. It operates in cities such as Chicago, Boston, New York, Denver, and others. Within DiamondRock's holdings, the majority of the hotel brands include Marriott, Starwood, and Hilton. The revenue is divided between room, food and beverage, and others. The room segment contributes the majority of the revenue. The firm's customers include leisure transient, business transient, and group customers.
<h3>Key Indicators: Diamondrock Hospitality's Financial Health</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Diamondrock Hospitality's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 3.33%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Real Estate sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 3.22%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Diamondrock Hospitality's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 0.52%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Diamondrock Hospitality's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.26%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 0.79, Diamondrock Hospitality adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Key Takeaways From Diamondrock Hospitality Analyst Ratings

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DiamondRock Hospitality declares $0.03 quarterly dividend; stub dividend of $0.20

AKYA

ALEX

APLE

BBRE

BLUE

CLDT

FREL

KBWY

PPTY

REGN

REIT

SBUX

SCHH

SEDG

SEVN

SRVR

STRW

TWLO

USRT

VCYT

VRAI

WELL

XLRE

Press Releases

Real Estate

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DIAMONDROCK HOSPITALITY ANNOUNCES SECOND QUARTER 2024 EARNINGS RELEASE AND CONFERENCE CALL

DIAMONDROCK HOSPITALITY DECLARES DIVIDENDS FOR SECOND QUARTER 2024

DIAMONDROCK HOSPITALITY COMPANY REPORTS SECOND QUARTER 2024 RESULTS

DIAMONDROCK HOSPITALITY DECLARES DIVIDENDS FOR THIRD QUARTER 2024

DIAMONDROCK HOSPITALITY ANNOUNCES THIRD QUARTER 2024 EARNINGS RELEASE AND CONFERENCE CALL

DIAMONDROCK HOSPITALITY COMPANY REPORTS THIRD QUARTER 2024 RESULTS

DIAMONDROCK HOSPITALITY ACQUIRES THE AC HOTEL MINNEAPOLIS DOWNTOWN

DIAMONDROCK HOSPITALITY RECEIVES NAREIT'S 2024 LEADER IN THE LIGHT AWARD AND IS RECOGNIZED AS A SECTOR LEADER BY GRESB FOR THE FIFTH CONSECUTIVE YEAR

DIAMONDROCK HOSPITALITY DECLARES FOURTH QUARTER DIVIDENDS

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