Diamondrock Hospitality Co. (NYSE: DRH) is -11.50% lower on its value in year-to-date trading and has touched a low of $7.33 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 $8.40 in the last trading session, with the day’s loss setting it -0.09%.
Currently trading at $8.31, the stock is -0.31% and -0.07% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.08 million and changing -1.07% at the moment leaves the stock -5.91% off its SMA200. DRH registered 4.01% gain for a year compared to 6-month loss of -12.80%.
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The stock witnessed a 3.23% gain in the last 1 month and extending the period to 3 months gives it a -0.48%, and is -3.37% 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 2.49% over the week and 2.13% over the month.
Diamondrock Hospitality Co. (DRH) has around 33 employees, a market worth around $1.72B and $1.11B in sales. Current P/E ratio is 28.78 and Fwd P/E is 16.90. Profit margin for the company is 5.55%. Distance from 52-week low is 13.37% and -16.82% from its 52-week high. The company has generated returns on investments over the last 12 months (2.10%).
The EPS is expected to shrink by -1.87% this year
355.0 institutions hold shares in Diamondrock Hospitality Co. (DRH), with institutional investors hold 108.96% of the company’s shares. The shares outstanding are 209.63M, and float is at 201.98M with Short Float at 9.09%. Institutions hold 106.30% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 38.2 million shares valued at $322.8 million. The investor’s holdings represent 18.0476 of the DRH Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 34.1 million shares valued at $288.17 million to account for 16.1115 of the shares outstanding. The other top investors are FMR LLC which holds 12.41 million shares representing 5.8635 and valued at over $104.88 million, while STATE STREET CORP holds 5.8176 of the shares totaling 12.31 million with a market value of $104.42 million.
