DiamondRock Hospitality Company (NYSE:DRH) has a beta value of 1.97 and has seen 1,410,501 shares traded in the recent trading session. The company, currently valued at $1.72 Billion, closed the recent trade at $8.61 per share which meant it gained $0.04 on the day or 0.47% during that session. The DRH stock price is -36.93% off its 52-week high price of $11.79 and 77.24% above the 52-week low of $1.96. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.42 Million shares traded. The 3-month trading volume is 2.8 Million shares.
The consensus among analysts is that DiamondRock Hospitality Company (DRH) is a Hold stock at the moment, with a recommendation rating of 2.9. 3 analysts rate the stock as a Sell, while 2 rate it as Overweight. 5 out of 14 have rated it as a Hold, with 3 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.31.
DiamondRock Hospitality Company (NYSE:DRH) trade information
Sporting 0.47% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jan 12 when the DRH stock price touched $8.81-2 or saw a rise of 2.5%. Year-to-date, DiamondRock Hospitality Company shares have moved 4.12%, while the 5-day performance has seen it change -0.46%. Over the past 30 days, the shares of DiamondRock Hospitality Company (NYSE:DRH) have changed 4.37%. Short interest in the company has seen 6.81 Million shares shorted with days to cover at 2.43.
Wall Street analysts have a consensus price target for the stock at $8.19, which means that the shares’ value could jump -4.88% from current levels. The projected low price target is $5 while the price target rests at a high of $10. In that case, then, we find that the latest price level in today’s session is +16.14% off the targeted high while a plunge would see the stock lose -41.93% from current levels.
DiamondRock Hospitality Company (DRH) estimates and forecasts
Figures show that DiamondRock Hospitality Company shares have underperformed across the wider relevant industry. The company’s shares have gained +70.38% over the past 6 months, with this year growth rate of -150.47%, compared to -3% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -147% and -58.8% for the next quarter. Revenue growth from the last financial year stood is estimated to be -67.8%.
9 analysts offering their estimates for the company have set an average revenue estimate of $63.22 Million for the current quarter. 8 have an estimated revenue figure of $68.65 Million for the next quarter concluding in March 01, 2021. Year-ago sales stood $237.52 Million and $170Million respectively for this quarter and the next, and analysts expect sales will grow by -73.4% for the current quarter and -59.6% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +1.7% over the past 5 years. Earnings growth for 2021 is a modest +112.4% while over the next 5 years, the company’s earnings are expected to increase by -9.5%.
DiamondRock Hospitality Company (NYSE:DRH)’s Major holders
Insiders own 1.77% of the company shares, while shares held by institutions stand at 103.3% with a share float percentage of 105.16%. Investors are also buoyed by the number of investors in a company, with DiamondRock Hospitality Company having a total of 320 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 35.64 Million shares worth more than $180.69 Million. As of September 29, 2020, Blackrock Inc. held 17.86% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 30Million shares as of September 29, 2020. The firm’s total holdings are worth over $152.08 Million and represent 15.03% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Vanguard Specialized-Real Estate Index Fund. As of December 30, 2020, the former fund manager holds about 6.42% shares in the company for having 12807743 shares of worth $105.66 Million while later fund manager owns 8.79 Million shares of worth $43.41 Million as of October 30, 2020, which makes it owner of about 4.4% of company’s outstanding stock.
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