Diamondrock Hospitality Co. (NYSE: DRH) is -5.22% 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 $8.81 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $8.90, the stock is 0.59% and 4.40% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.43 million and changing 1.02% at the moment leaves the stock 0.79% off its SMA200. DRH registered 10.15% gain for a year compared to 6-month loss of -4.09%. The firm has a 50-day simple moving average (SMA 50) of $8.5252 and a 200-day simple moving average (SMA200) of $8.83055.
The stock witnessed a 5.33% gain in the last 1 month and extending the period to 3 months gives it a 4.46%, and is -2.31% 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 2.46% over the week and 2.32% over the month.
Diamondrock Hospitality Co. (DRH) has around 33 employees, a market worth around $1.84B and $1.11B in sales. Current P/E ratio is 30.83 and Fwd P/E is 18.68. Profit margin for the company is 5.55%. Distance from 52-week low is 21.42% and -10.91% from its 52-week high. The company has generated returns on investments over the last 12 months (2.10%).
with sales reaching $288.15M over the same period.The EPS is expected to shrink by -4.18% this year, but quarterly earnings will post 4.70% year-over-year.
Diamondrock Hospitality Co. (DRH) Top Institutional Holders
357.0 institutions hold shares in Diamondrock Hospitality Co. (DRH), with institutional investors hold 109.01% of the company’s shares. The shares outstanding are 209.63M, and float is at 201.91M with Short Float at 8.24%. Institutions hold 106.34% 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.
Diamondrock Hospitality Co. (DRH) Insider Activity
#####
