Diamondrock Hospitality Stock (NYSE: DRH)

Diamondrock Hospitality (NYSE:DRH) Stock

Diamondrock Hospitality

Diamondrock Hospitality Company is a real estate investment trust that owns lodging properties. Its business is to acquire, own, manage, and renovate full-service hotel properties in the United States. It operates in cities such as Chicago, Boston, New York, Denver, and others. Within DiamondRock's holdings, the majority of the hotel brands include Marriott, Starwood, and Hilton. The revenue is divided between room, food and beverage, and others. The room segment contributes the majority of the revenue. The firm's customers include leisure transients, business transients, and group customers.

Diamondrock Hospitality Company Common Stock

Diamondrock Hospitality Co

Dr Hoenle AG

Diamondrock Hospitality Company 8.250% Series A Cumulative Redeemable Preferred Stock

U.S. stock futures were advancing on Wednesday following Tuesday&#8217;s selloff. Futures of all four benchmark indices rose in premarket trading.
A trade war between major U.S. trading partners escalated on Tuesday as President Donald Trump imposed new tariffs on Canada, Mexico, and China. Canada and China swiftly retaliated with their tariffs on U.S. goods, mounting tensions and raising fears of a global economic slowdown.
During his joint address to Congress on Tuesday evening, Trump reiterated that &#8220;Tariffs are about making America rich again and making America great again. And it's happening. And it will happen rather quickly. There'll be a little disturbance, but we're okay with that.&#8221;
Meanwhile, the 10-year Treasury yield stood at 4.25%, while the two-year yield was at 3.98%. According to the CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>, there is a 93% chance that the Federal Reserve will keep interest rates unchanged for the March meeting.
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<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.72%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.63%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.57%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1.22%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in premarket on Wednesday. SPY was up 0.68% to $580.80, and QQQ advanced 0.87% to $499.87, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From The Last Session
Information technology was the only sector that was just above the flatline on Tuesday, while the market witnessed another day of fall led by financials, industrials, consumer staples, utilities, and consumer discretionary sectors. S&amp;P 500 declined 6% on Tuesday from its previous 52-week high of 6,147.43 points. 
The market erased its post-election gains after Trump confirmed a 25% levy on Canada and Mexico and an additional 10% tariff on China. He further stated during his Congress address that reciprocal tariffs will take effect April 2nd onwards.
Crowdstrike Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) issued a disappointing earnings forecast despite beating the fourth quarter estimates, Target Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) and Best Buy Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) also tanked on weaker than estimated outlook.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.35%</td>
<td>18,285.16</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-1.22%</td>
<td>5,778.15</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-1.55%</td>
<td>42,520.99</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-1.08%</td>
<td>2,079.53</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts
As the tariffs on Canada, Mexico, and additional duties on China went live, Brian Therien, investment strategist at Edward Jones said that the eventual impact on inflation could be partially offset by currency exchange rates if the U.S. dollar strengthens relative to other currencies, making imported products less expensive.
&#8220;In addition, manufacturers may not be willing or able to fully pass along tariffs to customers, narrowing profit margins, which can also help mitigate price increases. The economic effect of tariffs could also be partially offset by pro-growth policies, such as tax cuts and deregulation,&#8221; he added.
However, economist Craig Shapiro argued that U.S. attempts to raise tariffs could be counterproductive as the dollar value may decline.
&#8220;As the Trump administration elevates the trade war with tariffs, perhaps the best defense the rest of the world has against him is simply selling their U.S. assets, taking their ball and going home,&#8221; he said.
Economist Peter Schiff also bashed tariffs saying that it was not the way to rebuild America&#8217;s manufacturing base and the competitiveness of the American industry needed to be restored. According to him, it required &#8220;higher interest rates, reduced consumption, lower asset prices, and a severe recession in the short run.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Tariffs are not the way to rebuild America&#39;s manufacturing base. We need to restore the competitiveness of American industry. That means massive reductions in government spending, reduced regulations, including labor laws, and increased personal savings to finance capital…
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1897094779432992984?ref_src=twsrc%5Etfw">March 5, 2025</a></blockquote>
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As S&amp;P 500 slid nearly 6% from its previous high on Feb. 19, Ryan Detrick of Carson Research noted that the correction was &#8220;mild&#8221;. He cited 2023 as an example and said, &#8220;it had one 5% mild correction and one 10% correction.&#8221;
&#8220;Even the best years have volatility,&#8221; said Detrick.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The S&amp;P 500 is down 6.0% from the 2/19 peak, for the first 5% mild correction of the year. As great as last year was, we saw two of these. 2023 was very good also and it had one 5% mild correction and one 10% correction. Even the best years have volatility. <a href="https://t.co/POlqjLVK1V">pic.twitter.com/POlqjLVK1V</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1897125442957795438?ref_src=twsrc%5Etfw">March 5, 2025</a></blockquote>
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Furthermore, he reinstated confidence among investors by highlighting that Wednesday has by far been the best day of the week in 2025.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Want some good news? Tomorrow is Wednesday, which has by far been the best day of the week in 2025. Monday is really bad, proving no one likes Monday. <a href="https://t.co/w8ffKmbDvu">pic.twitter.com/w8ffKmbDvu</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1897022831550194083?ref_src=twsrc%5Etfw">March 4, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>
Upcoming Economic Data
Here&#8217;s what investors will keep on Wednesday:
<ul>
<li>February&#8217;s ADP employment data will be released at 8:15 a.m., ET.</li>
</ul>
<ul>
<li>The S&amp;P final U.S. services PMI for February will be out by 9:45 a.m., ET.</li>
</ul>
<ul>
<li>January&#8217;s factory orders data and February&#8217;s ISM services data will be announced at 10:00 a.m., ET.</li>
</ul>
<ul>
<li>Fed Beige Book will be released at 2:00 p.m., ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Foot Locker Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) was up 1.61% in the premarket on Wednesday ahead of its earnings, which will be released after the opening bell. Analysts expect it to report earnings of 72 cents per share on revenue of $2.32 billion</li>
</ul>
<ul>
<li>Campbell&#8217;s Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NASDAQ">CPB</a>) was 0.82% lower as Wall Street expects it to report quarterly earnings of 72 cents per share on revenue of $2.74 billion before the opening bell.</li>
</ul>
<ul>
<li>Abercrombie &amp; Fitch Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>) advanced 2.69% ahead of its earnings, which will be released after the opening bell. Analysts expect it to report earnings of $3.52 per share on revenue of $1.56 billion.</li>
</ul>
<ul>
<li>Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) rose 2.31% as Wall Street expects it to report quarterly earnings of 59 cents per share on revenue of $1.80 billion after the closing bell.</li>
</ul>
<ul>
<li>Crowdstrike Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) slipped 8.24% as it said it expects first-quarter revenue to be between $1.1 billion and $1.106 billion versus estimates of $1.106 billion.</li>
</ul>
<ul>
<li>ARB IOT Group Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARBB#NASDAQ">ARBB</a>) zoomed 73.31% after bagging a $45 million AI data center order.</li>
</ul>
<ul>
<li>Diamondrock Hospitality Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRH#NYSE">DRH</a>) was 2.34% higher as it boosted quarterly dividend to $0.08 per share, payable April 11th to shareholders with a record date on March 28th. This represents a 3.95% yield, up from the previous dividend of $0.03.</li>
</ul>
<ul>
<li>ReTo Eco-Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RETO#NASDAQ">RETO</a>) plummeted 29.92% after it said that it will enact a 10-to-1 reverse stock split on March 7, aiming to boost its share price and maintain its Nasdaq listing. This will reduce outstanding shares from 19.3 million to approximately 1.9 million.</li>
</ul>
<ul>
<li>Wearable Devices Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WLDS#NASDAQ">WLDS</a>) surged 17.35% as it will be showcasing its Mudra Link, a neural sensing wristband enabling gesture control across multiple platforms, at MWC Barcelona 2025.</li>
</ul>
<ul>
<li>AeroVironment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>) tanked 20.01% after issuing disappointing full-year guidance, falling short of analyst expectations for both earnings and revenue. Fiscal third-quarter results also missed estimates.</li>
</ul>
Commodities, Gold And Global Equity Markets:
Crude oil futures were trading lower in the early New York session by 1.48% to hover around $67.25 per barrel.
The gold spot index was down by 0.04% to $2,916.72 per ounce. Its last record high was at $2,956.37 per ounce. The Dollar Index was down 0.75% at the 104.955 level.
Asian markets closed higher on Wednesday except Australia's ASX 200 index. India's S&amp;P BSE Sensex, China's CSI 300, South Korea's Kospi, Japan's Nikkei 225, and Hong Kong's Hang Seng index advanced. European markets were also higher in trade.
Read Next:
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Photo courtesy: Shutterstock

Earnings

Equities

Government

Market Summary

News

Futures

Commodities

Forex

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Federal Reserve

Pre-Market Outlook

Markets

Analyst Ratings

ARBB

AVAV

CRWD

MRVL

RETO

WLDS

US Stocks Likely To Open Higher After S&P 500 Retreats 6% From Previous Record: 'Even The Best Years Have Volatility,' Says Expert

Diamondrock Hospitality (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRH#NYSE">DRH</a>) is looking for FY2025 FFO of $0.94-$1.06 vs $1.03 analyst estimate..

Guidance

Diamondrock Hospitality Sees FY2025 Adjusted FFO per share $0.94-$1.06 vs $1.03 Est

Diamondrock Hospitality (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRH#NYSE">DRH</a>) reported quarterly earnings of $0.24 per share which beat the analyst consensus estimate of $0.21 by 14.29 percent. This is a 33.33 percent increase over earnings of $0.18 per share from the same period last year. The company reported quarterly sales of $279.05 million which beat the analyst consensus estimate of $272.01 million by 2.59 percent. This is a 5.88 percent increase over sales of $263.55 million the same period last year.

Earnings Beats

Diamondrock Hospitality Q4 Adjusted FFO per Share $0.24 Beats $0.21 Estimate, Sales $279.05M Beat $272.01M Estimate

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Earnings Scheduled For February 27, 2025

Wells Fargo analyst Dori Kesten maintains Diamondrock Hospitality (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRH#NYSE">DRH</a>) with a Equal-Weight and lowers the price target from $10.5 to $9.5.

Price Target

Wells Fargo Maintains Equal-Weight on Diamondrock Hospitality, Lowers Price Target to $9.5

U.S. stock futures were mixed this morning, with the Dow futures falling around 0.2% on Monday.
Shares of Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) fell sharply in today's pre-market trading after a US jury reportedly found Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) did not breach Nuvia&#8217;s license agreement <a href="https://www.benzinga.com/quote/ARM">with the company</a>.
Arm Holdings shares fell 2.3% to $129.14 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>Core Laboratories Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLB#NYSE">CLB</a>) shares dipped 11% to $15.00 in pre-market trading.</li>
<li>Astria Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATXS#NASDAQ">ATXS</a>) shares declined 10.8% to $8.53 in pre-market trading.</li>
<li>SIGA Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIGA#NASDAQ">SIGA</a>) declined 8.5% to $5.41 in pre-market trading.</li>
<li>Dnow Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNOW#NYSE">DNOW</a>) fell 7.7% to $11.90 in pre-market trading.</li>
<li>DiamondRock Hospitality Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRH#NYSE">DRH</a>) fell 4.3% to $8.92 in pre-market trading.</li>
<li>NI Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NODK#NASDAQ">NODK</a>) fell 3.8% to $14.73 in pre-market trading.</li>
</ul>
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Arm Holdings And Other Big Stocks Moving Lower In Monday's Pre-Market Session

Common Dividends for 2024 Total $0.32 Per Share
BETHESDA, Md., Dec. 9, 2024 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRH#NYSE">DRH</a>) announced that its Board of Directors has declared a fourth quarter dividend of $0.23 per common share, which includes the Company's regular quarterly dividend of $0.03 per common share, along with a stub dividend of $0.20 per common share. The dividend will be paid on January 14, 2025 to shareholders of record as of December 31, 2024.

Dividends

DiamondRock Hospitality Declared A Q4 Dividend Of $0.23 Per Common Share, Which Includes The Company's Regular Quarterly Dividend Of $0.03 Per Common Share, Along With A Stub Dividend Of $0.20 Per Common Share.

In the last three months, 4 analysts have published ratings on Diamondrock Hospitality (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRH#NYSE">DRH</a>), offering a diverse range of perspectives from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $10.06, a high estimate of $10.50, and a low estimate of $9.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 1.28%. 
<img src="https://www.benzinga.com/files/images/story/2024/1733760074_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The standing of Diamondrock Hospitality among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Dori Kesten</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$10.50</td>
<td>$10.00</td>
</tr>
<tr>
<td>Simon Yarmak</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Hold</td>
<td>$10.25</td>
<td>$10.75</td>
</tr>
<tr>
<td>Duane Pfenningwerth</td>
<td>Evercore ISI Group</td>
<td>Maintains</td>
<td>In-Line</td>
<td>$10.50</td>
<td>$10.50</td>
</tr>
<tr>
<td>Dori Kesten</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$9.00</td>
<td>$9.50</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Diamondrock Hospitality. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Diamondrock Hospitality compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Diamondrock Hospitality's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Capture valuable insights into Diamondrock Hospitality's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/DRH/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Diamondrock Hospitality analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Delving into Diamondrock Hospitality's Background</h2>
Diamondrock Hospitality Company is a real estate investment trust that owns lodging properties. Its business is to acquire, own, manage, and renovate full-service hotel properties in the United States. It operates in cities such as Chicago, Boston, New York, Denver, and others. Within DiamondRock's holdings, the majority of the hotel brands include Marriott, Starwood, and Hilton. The revenue is divided between room, food and beverage, and others. The room segment contributes the majority of the revenue. The firm's customers include leisure transient, business transient, and group customers.
<h3>Diamondrock Hospitality's Economic Impact: An Analysis</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Positive Revenue Trend: Examining Diamondrock Hospitality's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 3.11% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Real Estate sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 8.41%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 1.46%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Diamondrock Hospitality's ROA excels beyond industry benchmarks, reaching 0.75%. This signifies efficient management of assets and strong financial health.
Debt Management: Diamondrock Hospitality's debt-to-equity ratio is below the industry average. With a ratio of 0.73, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
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4 Analysts Assess Diamondrock Hospitality: What You Need To Know

Wells Fargo analyst Dori Kesten maintains Diamondrock Hospitality (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRH#NYSE">DRH</a>) with a Equal-Weight and raises the price target from $10 to $10.5.

Wells Fargo Maintains Equal-Weight on Diamondrock Hospitality, Raises Price Target to $10.5

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
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<li>Piper Sandler boosted the price target for Elastic N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESTC#NYSE">ESTC</a>) from $100 to $130. Piper Sandler analyst Rob Owens maintained an Overweight rating. Elastic shares closed at $109.21 on Thursday. <a href="https://www.benzinga.com/quote/ESTC/analyst-ratings">See how other analysts view this stock.</a></li>
<li>RBC Capital cut the price target for Atkore Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATKR#NYSE">ATKR</a>) from $99 to $93. RBC Capital analyst Deane Dray maintained a Sector Perform rating. Atkore shares closed at $85.14 on Thursday. <a href="https://www.benzinga.com/quote/ATKR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan cut Warner Music Group Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMG#NYSE">WMG</a>) price target from $41 to $40. JP Morgan analyst David Karnovsky maintained an Overweight rating. Warner Music shares settled at $31.18 on Thursday. <a href="https://www.benzinga.com/quote/WMG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keybanc boosted Procore Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCOR#NYSE">PCOR</a>) price target from $68 to $85. Keybanc analyst Jason Celino maintained an Overweight rating. Procore Technologies shares closed at $75.23 on Thursday. <a href="https://www.benzinga.com/quote/PCOR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stifel cut DiamondRock Hospitality Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRH#NYSE">DRH</a>) price target from $10.75 to $10.25. Stifel analyst Simon Yarmak downgraded the stock from Buy to Hold. DiamondRock Hospitality shares closed at $9.14 on Thursday.  <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Benchmark cut PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) price target from $185 to $160. Benchmark analyst Fawne Jiang maintained a Buy rating. PDD shares closed at $104.09 on Thursday. See how other analysts view this stock.</li>
<li>Truist Securities raised the price target for AECOM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACM#NYSE">ACM</a>) from $119 to $129. Truist Securities analyst Jamie Cook maintained a Buy rating. AECOM shares settled at $112.56 on Thursday. <a href="https://www.benzinga.com/quote/ACM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Oppenheimer boosted Intuit Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) price target from $712 to $722. Oppenheimer analyst Scott Schneeberger maintained an Outperform rating. Intuit shares closed at $678.70 on Thursday. <a href="https://www.benzinga.com/quote/INTU/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclay increased the price target for The Gap, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GAP#NYSE">GAP</a>) from $31 to $32. Barclays analyst Adrienne Yih maintained an Overweight rating. Gap shares closed at $22.04 on Thursday. <a href="https://www.benzinga.com/quote/GAP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stifel cut Spire Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SR#NYSE">SR</a>) price target from $70 to $69. Stifel analyst Selman Akyol maintained a Hold rating. Spire shares closed at $70.66 on Thursday. <a href="https://www.benzinga.com/quote/SR/analyst-ratings">See how other analysts view this stock</a>.</li>
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Stifel analyst Simon Yarmak downgrades Diamondrock Hospitality (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRH#NYSE">DRH</a>) from Buy to Hold and lowers the price target from $10.75 to $10.25.

Downgrades

Stifel Downgrades Diamondrock Hospitality to Hold, Lowers Price Target to $10.25

Evercore ISI Group analyst Duane Pfenningwerth downgrades Diamondrock Hospitality (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRH#NYSE">DRH</a>) from Outperform to In-Line and maintains the price target from $10.5 to $10.5.

Evercore ISI Group Downgrades Diamondrock Hospitality to In-Line, Maintains Price Target to $10.5

Diamondrock Hospitality (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRH#NYSE">DRH</a>) narrows FY2024 FFO guidance from $0.95-1.00 to $0.97-0.99 vs $0.98 analyst estimate..

Diamondrock Hospitality Narrows FY2024 FFO Guidance from $0.95-1.00 to $0.97-0.99 vs $0.98 Est

Diamondrock Hospitality (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRH#NYSE">DRH</a>) reported quarterly earnings of $0.26 per share which missed the analyst consensus estimate of $0.27 by 3.7 percent. The company reported quarterly sales of $285.129 million which missed the analyst consensus estimate of $286.679 million by 0.54 percent. This is a 3.11 percent increase over sales of $276.520 million the same period last year.

Earnings Misses

Diamondrock Hospitality Q3 2024 FFO $0.26 Misses $0.27 Estimate, Sales $285.129M Miss $286.679M Estimate

Diamondrock Hospitality (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRH#NYSE">DRH</a>) is set to give its latest quarterly earnings report on Thursday, 2024-11-07. Here's what investors need to know before the announcement.
Analysts estimate that Diamondrock Hospitality will report an earnings per share (EPS) of $0.27. 
Investors in Diamondrock Hospitality are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.02, which was followed by a 0.0% drop in the share price the next day.
Here's a look at Diamondrock Hospitality's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.32</td>
<td>0.16</td>
<td></td>
<td>0.23</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.34</td>
<td>0.17</td>
<td>0.18</td>
<td>0.26</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.0%</td>
<td>1.0%</td>
<td>-0.0%</td>
<td>6.0%</td>
</tr>
</tbody>
</table>

<h3>Performance of Diamondrock Hospitality Shares</h3>
Shares of Diamondrock Hospitality were trading at $8.75 as of November 05. Over the last 52-week period, shares are up 13.94%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Insights on Diamondrock Hospitality</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Diamondrock Hospitality.
The consensus rating for Diamondrock Hospitality is Neutral, based on 2 analyst ratings. With an average one-year price target of $9.5, there's a potential 8.57% upside.
<h3>Comparing Ratings with Peers</h3>
This comparison focuses on the analyst ratings and average 1-year price targets of Sunstone Hotel Invts, Xenia Hotels &amp; Resorts and Pebblebrook Hotel, three major players in the industry, shedding light on their relative performance expectations and market positioning.
<ul>
<li>For Sunstone Hotel Invts, analysts project an Neutral trajectory, with an average 1-year price target of $10.5, indicating a potential 20.0% upside.</li>
<li>The prevailing sentiment among analysts is an Outperform trajectory for Xenia Hotels &amp; Resorts, with an average 1-year price target of $15.0, implying a potential 71.43% upside.</li>
<li>Analysts currently favor an Neutral trajectory for Pebblebrook Hotel, with an average 1-year price target of $13.67, suggesting a potential 56.23% upside.</li>
</ul>
<h3>Insights: Peer Analysis</h3>
Within the peer analysis summary, vital metrics for Sunstone Hotel Invts, Xenia Hotels &amp; Resorts and Pebblebrook Hotel are presented, shedding light on their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Diamondrock Hospitality</td>
<td>Neutral</td>
<td>6.19%</td>
<td>$175.78M</td>
<td>1.35%</td>
</tr>
<tr>
<td>Sunstone Hotel Invts</td>
<td>Neutral</td>
<td>-10.37%</td>
<td>$127.04M</td>
<td>1.19%</td>
</tr>
<tr>
<td>Xenia Hotels &amp; Resorts</td>
<td>Outperform</td>
<td>0.68%</td>
<td>$72.91M</td>
<td>1.19%</td>
</tr>
<tr>
<td>Pebblebrook Hotel</td>
<td>Neutral</td>
<td>3.32%</td>
<td>$124.45M</td>
<td>0.74%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Diamondrock Hospitality ranks at the top for Revenue Growth among its peers. It is in the middle for Gross Profit. For Return on Equity, it is also in the middle.
<h3>Get to Know Diamondrock Hospitality Better</h3>
Diamondrock Hospitality Company is a real estate investment trust that owns lodging properties. Its business is to acquire, own, manage, and renovate full-service hotel properties in the United States. It operates in cities such as Chicago, Boston, New York, Denver, and others. Within DiamondRock's holdings, the majority of the hotel brands include Marriott, Starwood, and Hilton. The revenue is divided between room, food and beverage, and others. The room segment contributes the majority of the revenue. The firm's customers include leisure transient, business transient, and group customers.
<h3>Diamondrock Hospitality: Financial Performance Dissected</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Diamondrock Hospitality's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 6.19%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Real Estate sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Diamondrock Hospitality's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 7.14% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Diamondrock Hospitality's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.35% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Diamondrock Hospitality's ROA excels beyond industry benchmarks, reaching 0.68%. This signifies efficient management of assets and strong financial health.
Debt Management: Diamondrock Hospitality's debt-to-equity ratio is below the industry average at 0.78, reflecting a lower dependency on debt financing and a more conservative financial approach.
<a href="https://www.benzinga.com/quote/DRH/earnings">To track all earnings releases for Diamondrock Hospitality visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Peek at Diamondrock Hospitality's Future Earnings

Wells Fargo analyst Dori Kesten maintains Diamondrock Hospitality (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRH#NYSE">DRH</a>) with a Equal-Weight and lowers the price target from $9.5 to $9.

Wells Fargo Maintains Equal-Weight on Diamondrock Hospitality, Lowers Price Target to $9

Truist Securities analyst Patrick Scholes maintains Diamondrock Hospitality (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRH#NYSE">DRH</a>) with a Hold and lowers the price target from $11 to $10.

Truist Securities Maintains Hold on Diamondrock Hospitality, Lowers Price Target to $10

Offerings

DiamondRock Hospitality Files Mixed Securities Shelf; Size Not Disclosed

Compass Point analyst Floris Van Dijkum upgrades Diamondrock Hospitality (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRH#NYSE">DRH</a>) from Neutral to Buy and announces $10 price target.

Upgrades

Compass Point Upgrades Diamondrock Hospitality to Buy, Announces $10 Price Target

DiamondRock Hospitality Raises FY24 Adj. FFO Guidance From $0.91-$1.00 To $0.95-$1.00

Press Releases

DIAMONDROCK HOSPITALITY COMPANY REPORTS THIRD QUARTER 2024 RESULTS

Real Estate

DIAMONDROCK HOSPITALITY ACQUIRES THE AC HOTEL MINNEAPOLIS DOWNTOWN

DIAMONDROCK HOSPITALITY RECEIVES NAREIT'S 2024 LEADER IN THE LIGHT AWARD AND IS RECOGNIZED AS A SECTOR LEADER BY GRESB FOR THE FIFTH CONSECUTIVE YEAR

DIAMONDROCK HOSPITALITY DECLARES FOURTH QUARTER DIVIDENDS

DIAMONDROCK HOSPITALITY ANNOUNCES FOURTH QUARTER AND FULL YEAR 2024 EARNINGS RELEASE AND CONFERENCE CALL

DIAMONDROCK HOSPITALITY APPOINTS STEPHANIE LEPORI TO BOARD OF DIRECTORS

DIAMONDROCK HOSPITALITY COMPANY ANNOUNCES TAX TREATMENT OF 2024 DIVIDENDS

DIAMONDROCK HOSPITALITY COMPANY COMPLETES SALE OF THE WESTIN WASHINGTON, D.C. CITY CENTER

Piedmont Office Realty Trust Expands Board with Appointments of Deneen Donnley, Stephen Lewis, and Jeffrey Donnelly

DIAMONDROCK HOSPITALITY COMPANY REPORTS FOURTH QUARTER AND FULL YEAR 2024 RESULTS

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Apple Hospitality REIT

Braemar Hotels & Resorts Inc. Common Stock

Braemar Hotels & Resorts

Chatham Lodging Trust (REIT) Common Shares of Beneficial Interest

Chatham Lodging

Host Hotels & Resorts, Inc. - Common Stock

Host Hotels & Resorts

InnSuites Hospitality Trust Shares of Beneficial Interest

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Compass Point

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