At the time of writing, DiamondRock Hospitality Company [DRH] stock is trading at $7.72, up up 2.80%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The DRH shares have gain 5.61% over the last week, with a monthly amount drifted -10.23%, and not seem to be holding up well over a long-time horizon.
On 28, September 2022, DIAMONDROCK HOSPITALITY COMPLETES $1.2 BILLION REFINANCING. In a post published today on Yahoo Finance, DiamondRock Hospitality Company (the “Company”) (NYSE: DRH) today announced that it successfully refinanced its primary unsecured credit facility to further enhance the strength and flexibility of its balance sheet. The Company entered into an amendment and restatement of its existing $750 million credit facility (the “Credit Facility”), increasing the total Credit Facility to $1.2 billion and extending the Company’s maturity schedule. The Credit Facility is comprised of a $400 million revolving credit facility, a $300 million term loan with a maturity in January 2026, inclusive of a one-year extension option, and a $500 million term loan maturing in January 2028. The revolving credit facility matures in September 2027, inclusive of two six-month extension options. The facilities will bear interest pursuant to a leverage-based pricing grid ranging from 1.35% to 2.25% over the applicable adjusted term SOFR.
From an analyst’s perspective:
DiamondRock Hospitality Company [NYSE: DRH] stock has seen the most recent analyst activity on August 29, 2022, when Wells Fargo downgraded its rating to a Equal Weight and also revised its price target to $10 from $11. On January 10, 2022, downgrade downgraded it’s rating to Mkt Perform. Evercore ISI upgraded its rating to a In-line and increased its price target to $10.50 on October 19, 2021. Truist upgraded its rating to a Hold. Raymond James upgraded its rating to Outperform for this stock on January 12, 2021, but kept the price target unchanged to $10. In a note dated December 15, 2020, Citigroup upgraded an Neutral rating on this stock and boosted its target price from $4.50 to $9.
For the past year, the stock price of DiamondRock Hospitality Company fluctuated between $7.18 and $11.15. Currently, Wall Street analysts expect the stock to reach $10.58 within the next 12 months. DiamondRock Hospitality Company [NYSE: DRH] shares were valued at $7.72 at the most recent close of the market. An investor can expect a potential return of 37.05% based on the average price forecast.
Analyzing the DRH fundamentals
Gross Margin for this corporation currently stands at +10.82% with Operating Margin at -3.95%, Pretax Margin comes in at -33.88%, and Net Margin reading is -34.31%.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 7.51 points at the first support level, and at 7.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.89, and for the 2nd resistance point, it is at 8.05.
DiamondRock Hospitality Company [DRH] reported earnings per share of $0.04 for its fiscal quarter that ended on 3/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.04/share, meaning a difference of $0.08 and a surprise factor of 200.00%. By comparison, the stated earnings for the previous quarter ended on 12/30/2021 were -$0.03 per share as compared to estimates of -$0.04 per share, a difference of $0.01 representing a surprise of 25.00%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 3.59, the price to book ratio is 1.34 and the P/E (TTM) ratio is 34.31.
Transactions by insiders
Insider trading has also been a hot topic recently, with 0 insiders purchasing 0 shares and 0 selling 0 shares in the past 3 months. Recent insider trading involved Tennis William J, EVP & General Counsel, that happened on Nov 08 when 30000.0 shares were sold.