Diamondrock Hospitality Co. (NYSE: DRH) is -0.11% lower on its value in year-to-date trading and has touched a low of $7.14 and a high of $9.99 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DRH stock was last observed hovering at around $9.42 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $9.38, the stock is 0.02% and 0.57% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.06 million and changing -0.42% at the moment leaves the stock 10.77% off its SMA200. DRH registered 13.97% gain for a year compared to 6-month gain of 16.81%. The firm has a 50-day simple moving average (SMA 50) of $2.92 and a 200-day simple moving average (SMA200) of $11.90.
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The stock witnessed a 5.04% loss in the last 1 month and extending the period to 3 months gives it a 6.11%, and is -1.16% 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 1.90% over the week and 2.44% over the month.
Diamondrock Hospitality Co. (DRH) has around 33 employees, a market worth around $1.97B and $1.07B in sales. Current P/E ratio is 26.01 and Fwd P/E is 20.78. Profit margin for the company is 7.12%. Distance from 52-week low is 31.37% and -6.11% from its 52-week high. The company has generated returns on investments over the last 12 months (2.69%).
Diamondrock Hospitality Co. quarterly earnings per share for the current quarter are estimated at $0.02 with sales reaching $249.01M over the same period.The EPS is expected to grow by 11.92% this year, but quarterly earnings will post 3.30% year-over-year. Quarterly sales are estimated to grow 2.20% in year-over-year returns.
338 institutions hold shares in Diamondrock Hospitality Co. (DRH), with institutional investors hold 108.99% of the company’s shares. The shares outstanding are 209.63M, and float is at 204.66M with Short Float at 7.64%. Institutions hold 106.52% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 39.39 million shares valued at $315.48 million. The investor’s holdings represent 18.79% of the DRH Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 36.81 million shares valued at $294.83 million to account for 17.56% of the shares outstanding. The other top investors are FMR, LLC which holds 14.76 million shares representing 7.04% and valued at over $118.25 million, while State Street Corporation holds 6.53% of the shares totaling 13.68 million with a market value of $109.6 million.
