DiamondRock Hospitality Company (NYSE:DRH) Given Average Rating of “Hold” by Brokerages
by Amy Steele · The Cerbat GemShares of DiamondRock Hospitality Company (NYSE:DRH – Get Free Report) have been assigned an average rating of “Hold” from the eleven research firms that are covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $12.2250.
DRH has been the topic of a number of research reports. Citigroup raised their target price on shares of DiamondRock Hospitality from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. Morgan Stanley upped their price target on DiamondRock Hospitality from $9.60 to $10.00 and gave the company an “equal weight” rating in a research report on Friday, July 17th. Bank of America lifted their price objective on DiamondRock Hospitality from $12.50 to $13.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Wells Fargo & Company boosted their price objective on DiamondRock Hospitality from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 23rd. Finally, Truist Financial raised their target price on DiamondRock Hospitality from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th.
Get Our Latest Stock Report on DRH
Insider Transactions at DiamondRock Hospitality
In related news, Director Kathleen Merrill sold 20,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $11.88, for a total transaction of $237,600.00. Following the completion of the sale, the director directly owned 84,335 shares in the company, valued at approximately $1,001,899.80. This trade represents a 19.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.90% of the company’s stock.
Institutional Trading of DiamondRock Hospitality
Several hedge funds have recently made changes to their positions in the company. Allworth Financial LP increased its holdings in shares of DiamondRock Hospitality by 146.0% during the 4th quarter. Allworth Financial LP now owns 2,859 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 1,697 shares during the last quarter. First Horizon Corp raised its position in shares of DiamondRock Hospitality by 54.9% during the 4th quarter. First Horizon Corp now owns 3,214 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 1,139 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in DiamondRock Hospitality by 77.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,436 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 1,498 shares during the last quarter. Global Retirement Partners LLC purchased a new position in DiamondRock Hospitality in the second quarter worth approximately $50,000. Finally, Danske Bank A S purchased a new position in DiamondRock Hospitality in the third quarter worth approximately $33,000.
DiamondRock Hospitality Stock Performance
Shares of DRH opened at $12.36 on Monday. DiamondRock Hospitality has a 52-week low of $7.47 and a 52-week high of $13.79. The stock has a market cap of $2.53 billion, a PE ratio of 49.44, a price-to-earnings-growth ratio of 4.50 and a beta of 0.98. The firm’s fifty day moving average is $12.34 and its two-hundred day moving average is $10.85. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.70.
DiamondRock Hospitality (NYSE:DRH – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.22. DiamondRock Hospitality had a net margin of 5.69% and a return on equity of 4.04%. The firm had revenue of $318.29 million for the quarter, compared to analyst estimates of $314.98 million. During the same period in the previous year, the business posted $0.35 earnings per share. DiamondRock Hospitality’s quarterly revenue was up 4.1% on a year-over-year basis. DiamondRock Hospitality has set its FY 2026 guidance at 1.180-1.230 EPS. Research analysts forecast that DiamondRock Hospitality will post 0.96 earnings per share for the current fiscal year.
DiamondRock Hospitality Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be issued a $0.11 dividend. This is an increase from DiamondRock Hospitality’s previous quarterly dividend of $0.09. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, September 30th. DiamondRock Hospitality’s payout ratio is currently 60.27%.
DiamondRock Hospitality Company Profile
DiamondRock Hospitality Company is a real estate investment trust (REIT) that acquires, owns and manages a diversified portfolio of upscale, full-service hotels in urban gateway markets across the United States. Established in 2004 and headquartered in Bethesda, Maryland, the company focuses on investing in high-quality lodging properties that cater to both business and leisure travelers. Its assets are positioned in key metropolitan areas, enabling DiamondRock to benefit from strong demand drivers such as corporate travel, group conventions and resort leisure stays.
The company’s portfolio includes full-service hotels offering a broad range of amenities, including guest rooms, on-site food and beverage outlets, meeting and event space, fitness centers and spa services.
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