DiamondRock Hospitality Company (NYSE: DRH) is -25.54% lower on its value in year-to-date trading and has touched a low of $1.96 and a high of $11.79 in the current 52-week trading range. The DRH stock was last observed hovering at around $8.28 in the last trading session, with the day’s loss setting it -0.03% off its average median price target of $8.00 for the next 12 months. It is also 17.5% off the consensus price target high of $10.00 offered by 14 analysts, but current levels are -65.0% lower than the price target low of $5.00 for the same period.
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Currently trading at $8.25, the stock is -1.01% and 17.02% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.53 million and changing -0.36% at the moment leaves the stock 44.31% off its SMA200. DRH registered -25.14% loss for a year compared to 6-month gain of 54.21%. The firm has a 50-day simple moving average (SMA 50) of $8.05 and a 200-day simple moving average (SMA200) of $5.91.
The stock witnessed a 5.50% loss in the last 1 month and extending the period to 3 months gives it a 56.84%, and is -1.20% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.99% over the week and 4.06% over the month.
DiamondRock Hospitality Company (DRH) has around 31 employees, a market worth around $1.65B and $478.00M in sales. Profit margin for the company is -11.20%. Distance from 52-week low is 320.92% and -30.03% from its 52-week high. The company has generated returns on investments over the last 12 months (7.60%).
DiamondRock Hospitality Company (DRH) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for DiamondRock Hospitality Company (DRH) is a “Hold”. 14 analysts offering their recommendations for the stock have an average rating of 2.90, where 6 rate it as a Hold and 1 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 3 analysts have rated the stock as a Sell or Underperform.
DiamondRock Hospitality Company is expected to release its quarterly report on 04/30/2021 and quarterly earnings per share for the current quarter are estimated at -$0.31 with sales reaching $63.42M over the same period.The EPS is expected to grow by 112.40% this year, but quarterly earnings will post -67.80% year-over-year. Quarterly sales are estimated to shrink -73.30% in year-over-year returns.
DiamondRock Hospitality Company (DRH) Top Institutional Holders
319 institutions hold shares in DiamondRock Hospitality Company (DRH), with 3.52M shares held by insiders accounting for 1.77% while institutional investors hold 105.07% of the company’s shares. The shares outstanding are 200.98M, and float is at 196.00M with Short Float at 3.47%. Institutions hold 103.21% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 35.64 million shares valued at $180.69 million. The investor’s holdings represent 17.86% of the DRH Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 30.0 million shares valued at $152.08 million to account for 15.03% of the shares outstanding. The other top investors are FMR, LLC which holds 12.67 million shares representing 6.35% and valued at over $64.22 million, while State Street Corporation holds 5.14% of the shares totaling 10.26 million with a market value of $52.01 million.
DiamondRock Hospitality Company (DRH) Insider Activity
The most recent transaction is an insider sale by Quinn Briony R., the company’s Sr. Vice President & Treasurer. SEC filings show that Quinn Briony R. sold 10,000 shares of the company’s common stock on Dec 04 at a price of $8.88 per share for a total of $88800.0. Following the sale, the insider now owns 0.14 million shares.
DiamondRock Hospitality Company disclosed in a document filed with the SEC on Dec 03 that Furbay Troy (EVP & Chief Investment Officer) sold a total of 16,359 shares of the company’s common stock. The trade occurred on Dec 03 and was made at $8.34 per share for $0.14 million. Following the transaction, the insider now directly holds 0.25 million shares of the DRH stock.
Still, SEC filings show that on Dec 03, Tennis William J (EVP & General Counsel) disposed off 25,068 shares at an average price of $8.26 for $0.21 million. The insider now directly holds 290,117 shares of DiamondRock Hospitality Company (DRH).
DiamondRock Hospitality Company (DRH): Who are the competitors?
The company’s main competitors (and peers) include Host Hotels & Resorts Inc. (HST) that is trading -19.75% down over the past 12 months. RLJ Lodging Trust (RLJ) is -19.42% down on the 1-year trading charts. Short interest in the company’s stock has risen 12.92% from the last report on Nov 12, 2020 to stand at a total of 5.93 million short shares sold with a short interest ratio of 1.7.