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Is Diamondrock Hospitality Co (DRH) a good stock to buy now?

Diamondrock Hospitality Co (NYSE: DRH) is -4.54% lower on its value in year-to-date trading and has touched a low of $7.57 and a high of $9.78 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 $8.78 in the last trading session, with the day’s loss setting it -0.16%.

Currently trading at $8.62, the stock is -2.78% and -4.75% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.58 million and changing -1.82% at the moment leaves the stock 0.77% off its SMA200. DRH registered -3.58% loss for a year compared to 6-month gain of 8.93%. The firm has a 50-day simple moving average (SMA 50) of $9.17 and a 200-day simple moving average (SMA200) of $8.7251.

The stock witnessed a -4.54% loss in the last 1 month and extending the period to 3 months gives it a -0.87%, and is -4.65% 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 2.47% over the week and 1.98% over the month.

Diamondrock Hospitality Co (DRH) has around 33 employees, a market worth around $1.80B and $1.11B in sales. Current P/E ratio is 30.16 and Fwd P/E is 17.81. Profit margin for the company is 5.43%. Distance from 52-week low is 13.86% and -11.88% from its 52-week high. The company has generated returns on investments over the last 12 months (2.12%).

with sales reaching $271.27M over the same period.The EPS is expected to shrink by -9.97% this year, but quarterly earnings will post 4.40% year-over-year. Quarterly sales are estimated to grow 2.93% in year-over-year returns.

Diamondrock Hospitality Co (DRH) Top Institutional Holders

349.0 institutions hold shares in Diamondrock Hospitality Co (DRH), with institutional investors hold 107.63% of the company’s shares. The shares outstanding are 207.28M, and float is at 200.91M with Short Float at 8.36%. Institutions hold 105.00% 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

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