Diamondrock Hospitality Azioni (NYSE: DRH)

Diamondrock Hospitality (NYSE:DRH) Azioni

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

Evercore ISI Group analyst Duane Pfenningwerth maintains Diamondrock Hospitality (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRH#NYSE">DRH</a>) with a In-Line and lowers the price target from $10 to $9.

News

Price Target

Analyst Ratings

Evercore ISI Group Maintains In-Line on Diamondrock Hospitality, Lowers Price Target to $9

Morgan Stanley analyst Stephen Grambling 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 to $7.

Morgan Stanley Maintains Equal-Weight on Diamondrock Hospitality, Lowers Price Target to $7

Stifel analyst Simon Yarmak 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 $9.75 to $8.

Stifel Maintains Hold on Diamondrock Hospitality, Lowers Price Target to $8

BofA Securities analyzes the extent of tariffs and the macroeconomic situation&#8217;s effect on the earnings of gaming and lodging companies.
Since BofA&#8217;s previous report on April 1, stocks in the lodging and gaming sector have dropped 11% % -25 %, underperforming the S&amp;P 500's 16% decline.
Rising tariffs have significantly increased recession risks, with the sector now pricing in an 85% % -100 % chance of a downturn.
Investor concerns have escalated from market correction to a potential full-scale recession. A tariff-driven slowdown could cut sector revenues by 2%–4% and EBITDA by 3%–8%.
Recessions differ in nature, but the past three saw average peak-to-trough GDP drops of 5.1% and 10% in RevPAR.
According to the analyst, sub-sector sensitivity varies, with regional gaming and skiing less affected, while hotels and timeshares are more exposed. 
Also Read: <a href="https://www.benzinga.com/news/25/04/44698868/tariffs-recession-fears-could-derail-wayfair-rh-and-etsy-says-analyst">Tariffs, Recession Fears Could Derail Wayfair, RH And Etsy, Says Analyst</a>
Earnings risk is highest for gaming operators and lodging REITs due to their high operating leverage. COVID and GFC downturns lasted about 67 days; current declines are 55 days in, said the analyst.
A 1% GDP decline could reduce hotel RevPAR by 2%–4%, broader sector revenue by 2%–4%, and EBITDA by 3%–8%.
Tariffs are projected to impact GDP by 1%–1.5%, amplifying pressure on hospitality earnings.
Early data from Apple Hospitality REIT Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APLE#NYSE">APLE</a>) signals underperformance, with potential RevPAR guidance cuts of 2% to 3% and flat growth for the U.S. in 2025.
Domestic gaming stocks are currently trading at notably low valuations, with 2025 EBITDA multiples at 6.5x and free cash flow yields at 15%, while operating companies are at 6.3x and 20%, respectively, said the analyst.
These figures sit one standard deviation below long-term averages, hitting levels last seen in 2022 and even lower than in 2016 and 2018. 
Lodging C-Corps are also below historical norms, except for Hilton Hotels Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>), which still trades at a premium.
Lodging REITs have dropped to valuation lows only previously observed during the COVID-19 and Global Financial crises.
Meanwhile, timeshare valuations are also depressed, and Vail Resorts Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) is now trading at its lowest multiple since 2011.
Read Next: <a href="https://www.benzinga.com/25/04/44717332/why-is-ev-maker-mullen-automotive-stock-tanking-today">Why Is EV Maker Mullen Automotive Stock Tanking Today?</a>
Photo: Shutterstock

Analyst Color

General

APLE

CHDN

PENN

WYNN

BofA Flags Rising Risks For Gaming And Lodging Firms As Valuations Tumble

The best description for the current market conditions is that this is a market of high uncertainty.
We have the Trump administration with tariffs, and people are stunningly surprised that he is using tariffs as a tool to:
A: Raise revenue, and&#8230;
B: Shape global trade policy. He just spent three years telling you that was what he was going to do if he got back into the White House. And he&#8217;s doing exactly what he said he was going to do..
Now, he has been somewhat uneven in his approach. There&#8217;s been some flip flopping, on-again, off-again approaches from the Trump administration.
But the course on tariffs remains, for the most part, true.
Where the uncertainty comes in is that we don&#8217;t know how this plays out. There&#8217;s a lot of people walking around out there with very confident opinions of what&#8217;s going to happen and how it&#8217;s going to happen, when it&#8217;s going to happen.
Those people should probably be punched in the face because we&#8217;re in uncharted territory.
We have done this type of widespread tariff behavior before, but in that case, it led to a global depression and World War II.
Now, I don&#8217;t necessarily think all of the same ingredients are present that were there when we did widespread tariffs on all of our trading partners under the Smoot-Hawley Act back in the nineteen thirties.
However, how this plays out remains unclear.
We&#8217;ve seen Canada and Mexico come back to the table.
We&#8217;ve seen them walk away from the table again.
Then we have also seen Europe and China both kind of dig their heels in and say, no, we&#8217;re going to fight back on this.
What the implications of Donald Trump&#8217;s trade policy, and let&#8217;s be frank, trade war, are long-term is very much a major unknown.
Put it together with all of the layoffs and cuts and everything going on under DOGE (the Department of Government Efficiency), and you can see where businesses would be a little bit uncertain.
The Bell Curve of Outcomes There&#8217;s always been a bell curve of outcomes here. Now, if we go to the far left-hand side of the curve, that&#8217;s the negative outcome. Tariffs cause inflation. The combination of tariffs slowing global trade and all of the layoffs in the United States lead to economic weakening, and we get a period of stagflation.
That seems like a highly likely outcome at this point, but mild to moderate stagflation with some higher prices from tariffs and an economy that&#8217;s long overdue to be weaker. Will we see a recessionary stagflation like we saw in the 1970s? Most economists, among those whose opinions I respect a lot, don&#8217;t think so. They think that we&#8217;ll have mild to moderate impacts, both of which are probably past due.
The Fed will be put in a position where they have to respond, and we will probably see some lower interest rates out of it by the end of the year. Right now, all the models are saying two cuts. That&#8217;s up from no cuts, which was down from six cuts about six months ago. So how much faith we want to put in the reliability of those forecasts is an uncertain matter, shall we say.
Record-High Business Uncertainty The level of business uncertainty in the National Federation of Independent Businesses right now is the second highest it&#8217;s ever been.
The highest it ever was last summer when the election was still considered to be a toss-up.
But this isn&#8217;t the &nbsp;version of Donald Trump that Wall Street thought they were getting.
Donald Trump 2.0 does not keep score by the daily movements of the stock market the way he did in his first administration.
He came out and said markets go up and down. He&#8217;s concentrating on what he thinks is fixing the country&#8217;s trade policy.
That is going to involve a lot of disruption.
As a result, business owners who were highly confident in November and December are now looking around going, &#8221; I&#8217;m not quite so sure I want to invest money in my business. I don&#8217;t know if I want to expand. I don&#8217;t know if I want to borrow money or hire people.&#8221;
The uncertainty level is the second highest since the 1970s, and it&#8217;s rising. It&#8217;s catching up very, very quickly and may well surpass it before all this is over.
This is definitely a market of uncertainty because everything still applies to the stock market. Is this a bear market?
No, it&#8217;s not. We&#8217;re headed in that direction, but we&#8217;re not there yet. A bear market generally is twenty percent down from the highs. Could we get there?
Sure. It&#8217;s. You never rule anything out.
So far this has been an extremely quiet market pullback.
There&#8217;s not a lot of pain. People are still trying to buy the dip.
Retail&#8217;s pulling back a little bit, it looks like. So there is a building sense of caution and fear. We&#8217;ve even seen high-yield credit spreads begin to creep up, something they haven&#8217;t done in some time.
There is a little bit of fear coming in the market, but it&#8217;s not really widespread panic.
That&#8217;s very important to understand. We are headed into—we&#8217;re in a correction. We are not in a bear market. We&#8217;ll decide if we&#8217;re there when we get there and not a moment before. There&#8217;s nowhere near enough fear and panic.
There&#8217;s short-term measures like the CNN Fear and Greed Index that have shown some opportunities. But when you look at high-yield credit spreads, which are our ultimate measure, they have popped off the bottom in a manner that they have not done in some time, rising from 2.6 a month ago to over 3.2 today.
That&#8217;s about a fifty percent spike in high-yield credit spreads.
When we look at insiders, they&#8217;re not that active yet, particularly in the C-suite.
The CEO, the CFO, the chairman of the board, the chief operating officer, they&#8217;re not getting up and saying, &#8220;Wow, given everything that&#8217;s going on in our company, this business is incredibly cheap. We&#8217;re going to go out because we&#8217;re going to make four or five, six, seven times our money or more if we buy stock now. We&#8217;re going to get aggressive. We&#8217;re going to buy a lot of stock.&#8221;
We&#8217;re not there yet.
We&#8217;re nowhere near the insider buy-sell ratios that we would have seen in 2009, for instance, 2020, or other major market turning points.
Will we get there?
I think so.
I think eventually, if the market continues to move down, insiders are going to start to get active as businesses just get unsustainably cheap.
We are seeing some activity from insiders in REITs, which is fairly unusual except at major turning points.
REIT executives generally own some stock. They have lots of incentives in the form of stock and option grants. All too often in REITs, they have external management where it&#8217;s a management company that&#8217;s running the REIT, and they are not directly involved in the ownership of the real estate investment trust.
They&#8217;re getting paid a percentage fee on assets.
Those guys aren&#8217;t really looking to buy a lot of stock.
When we see C-suite executives start to move into real estate, we&#8217;re starting to get close to a pretty important turning place.
That&#8217;s consistent with what we&#8217;ve been seeing in the real estate markets for some time. If you look at the recent data over the last several months you had Blackstone&#8217;s John Gray coming out and saying, "This is it, the bottom&#8217;s in, it&#8217;s time to buy.
We had the guys at KKR saying, &#8220;This is a time to amp your risk level up higher in real estate and real estate-related debt.&#8221;
that&#8217;s two of the biggest buyers of real estate in the world turning bullish
We have seen three months of higher prices now.
We have seen transaction levels increasing pretty much across the board for real estate for the last three months. More importantly, we have seen default rates falling steadily for the last several months in every segment of the real estate market, including office.
One area where we&#8217;re starting to see some insider buying is hotels.
Leisure travel is starting to pick up. We are finally seeing better group and business travel as well.
Since the peak in 2022, when it became clear that that was a very short-term blip in the market, hotel assets have fallen by about ten percent in price, which is actually better than office, better than some segments of the warehouse market. On average, commercial real estate just declined twenty percent. So, hotels have actually done a little bit better than some other segments of the market.
Pebble Brook Hotel Trust (Ticker: PEB) We are starting to see some C-suite buying—CEOs and CFOs coming out and making open market purchases in a couple of real estate investment trusts. One is one of my favorites. Being up front, Pebble Brook Hotel Trust, we own the debt, we own some preferred, and we really like the common stock in here.
When we look at Pebble Brook, we&#8217;ve got a real estate investment trust that has forty-six hotels and resorts. They&#8217;re primarily looking to be in the lifestyle and high-end urban market.
We&#8217;re talking the Jekyll Island Club Resort, the Southernmost Hotel in Key West, along with The Marker down there in Key West.
Pebblebrook has a fifty-fifty business and leisure mix.
And right now, management estimates that the REIT trading at a fifty percent discount to the private market value of the hotels that they own.
Pebble Brook is currently trading at about $11 a share.
They estimate NAV at over $24 so less than fifty percent of value.
There is only a tiny dividend at the moment because they&#8217;ve just had to reinvest so much money back into the properties that they&#8217;re not showing the cash flow.
That will eventually come. When they do get a dividend return to this thing, the gains will be absolutely spectacular.
The urban part of their business in &nbsp;cities like Boston, San Diego, LA, DC, San Francisco, and Chicago has&nbsp; been the slowest to recover
There are &nbsp;a lot of good things going on with this particular hotel group.
You&#8217;re looking at management saying, &#8220;You know what? We love our business. We love the value of our properties. They&#8217;re stupid, ridiculous cheap.&#8221; As the urban market, the city market hotels continue to recover, that&#8217;s going to drive cash flow. The dividend will come back, and this stock will go from this current eleven-dollar area way back up much closer to that net asset value of twenty-five dollars a share.
We have seen the CEO out in the open market making large purchases of the stock. He&#8217;s committed to the idea that we are in the early stages of a turnaround, and fantastic things are coming for Pebble Brook Hotel Trust.
Diamond Rock Hospitality (Ticker: DRH) We&#8217;re also seeing some insider buying at Diamond Rock Hospitality, a REIT that I have owned before, and I&#8217;m thrilled to own again. Diamond Rock shares are currently trading at about seven dollars and ninety-five cents with projected dividend for this year of about 4.72 percent.
Iti is pretty much the same story.
Diamond Rock owns luxury, upscale hotels serving the upper end of the market.
They have 9,594 rooms with 36 properties in 26 different markets.&nbsp;
They&#8217;re in all the markets that you think that they would be in across the United States
They are growing cash flows. Occupancy levels are going up.
They use short-term management agreements with their property brands. That way they can be terminated at will.
It makes the hotels much more liquid.
When you look at the markets Diamond Rock is in, it is obvious there&#8217;s just not going to be a lot more hotels built.
The Florida Keys have sort of run out of land.
Vail, Colorado, same problem.
In Fort Lauderdale, you have to be on that coastal strip. You can&#8217;t be on the other side of that Intracoastal bridge or it&#8217;s just not a hot property. &nbsp;
In Destin, Florida it is the same thing. You got to be down on the beach. Lake Austin, there&#8217;s only so much land around the lake. Same in Lake Tahoe.
In Paradise Valley and Yellowstone, it&#8217;s tough to get anything built there these days.
Management&#8217;s looking around and saying, &#8220;Our stock is getting hit. It&#8217;s at a very low price. It&#8217;s trading at a fraction of what we think it would be worth in the private market. It&#8217;s time to step up and start adding to our position in the stock.&#8221;
Just last week, we saw the CEO go out into the market and make another purchase of shares, making a significant addition to his current holdings.
We expect to see more insider buying in REITs generally and hotels specifically if this market continues to move lower.
But for now, those are two that really jump out and stand out because insiders are saying enough is enough.
The stock is too cheap.
We&#8217;re going to buy some stock.
Remember, they&#8217;re not looking to make a few percentage points.
They&#8217;re looking to earn several multiples of the price of the stock as conditions continue to improve.

Opinion

Alpha Buying: Why REIT Insiders Are Betting Big Amid Economic Uncertainty

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.
<figure class="wp-block-table is-style-stripes"> 
<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>
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Earnings

Equities

Government

Market Summary

Futures

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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.

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

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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.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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>
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<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>
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<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>
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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

Press Releases

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

DIAMONDROCK HOSPITALITY ANNOUNCES FIRST QUARTER 2025 EARNINGS RELEASE AND CONFERENCE CALL

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