DiamondRock Hospitality Company (NYSE:DRH) Given Average Rating of "Hold" by Analysts

Shares of DiamondRock Hospitality Company (NYSE:DRH - Get Free Report) have been given an average rating of "Hold" by the nine ratings firms that are currently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $10.8125.

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of DiamondRock Hospitality from a "hold" rating to a "buy" rating and raised their target price for the company from $10.00 to $12.00 in a research note on Tuesday, January 13th. Wells Fargo & Company raised their target price on shares of DiamondRock Hospitality from $10.00 to $11.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 22nd. Citigroup raised their target price on shares of DiamondRock Hospitality from $9.50 to $11.00 and gave the stock a "neutral" rating in a report on Wednesday. Morgan Stanley raised their target price on shares of DiamondRock Hospitality from $9.00 to $9.50 and gave the stock an "equal weight" rating in a report on Friday, April 10th. Finally, LADENBURG THALM/SH SH assumed coverage on shares of DiamondRock Hospitality in a research note on Thursday, March 26th. They issued a "buy" rating and a $12.00 price objective on the stock.

Insider Activity at DiamondRock Hospitality

In other news, CAO Steve Spierto sold 4,000 shares of DiamondRock Hospitality stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $9.93, for a total transaction of $39,720.00. Following the transaction, the chief accounting officer owned 77,977 shares in the company, valued at approximately $774,311.61. The trade was a 4.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.90% of the company's stock.

Hedge Funds Weigh In On DiamondRock Hospitality

Several institutional investors have recently made changes to their positions in the stock. State Street Corp raised its holdings in shares of DiamondRock Hospitality by 0.8% during the second quarter. State Street Corp now owns 12,587,578 shares of the real estate investment trust's stock valued at $97,400,000 after purchasing an additional 93,929 shares during the period. Bank of America Corp DE grew its position in DiamondRock Hospitality by 17.5% in the 2nd quarter. Bank of America Corp DE now owns 9,231,991 shares of the real estate investment trust's stock worth $70,717,000 after purchasing an additional 1,377,897 shares in the last quarter. Alyeska Investment Group L.P. grew its position in DiamondRock Hospitality by 5.5% in the 3rd quarter. Alyeska Investment Group L.P. now owns 9,152,343 shares of the real estate investment trust's stock worth $72,853,000 after purchasing an additional 475,611 shares in the last quarter. Centersquare Investment Management LLC grew its position in shares of DiamondRock Hospitality by 3.2% during the 4th quarter. Centersquare Investment Management LLC now owns 7,780,988 shares of the real estate investment trust's stock valued at $69,718,000 after acquiring an additional 244,013 shares during the period. Finally, Cohen & Steers Inc. bought a new position in shares of DiamondRock Hospitality during the 4th quarter valued at approximately $59,231,000.

DiamondRock Hospitality Trading Up 1.2%

DiamondRock Hospitality stock opened at $10.79 on Friday. The firm has a 50-day moving average of $9.86 and a 200-day moving average of $9.34. DiamondRock Hospitality has a one year low of $7.31 and a one year high of $10.90. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.64 and a quick ratio of 1.64. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 43.16, a P/E/G ratio of 4.50 and a beta of 0.99.

DiamondRock Hospitality (NYSE:DRH - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The real estate investment trust reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.03. DiamondRock Hospitality had a net margin of 5.69% and a return on equity of 4.04%. The company had revenue of $274.53 million during the quarter, compared to the consensus estimate of $273.18 million. During the same period in the prior year, the business posted $0.24 EPS. The company's quarterly revenue was down 1.6% on a year-over-year basis. DiamondRock Hospitality has set its FY 2026 guidance at 1.090-1.160 EPS. On average, equities analysts expect that DiamondRock Hospitality will post 0.96 earnings per share for the current fiscal year.

DiamondRock Hospitality Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 30th. DiamondRock Hospitality's payout ratio is presently 76.60%.

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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