DiamondRock Hospitality (NYSE:DRH) Share Price Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• Technical breakout: DiamondRock's shares crossed above their 200-day moving average of $9.01, trading as high as $10.17 and last at $10.08 on volume of about 2.75 million shares.
• Mixed analyst sentiment: Analysts are split (four Buys, six Holds) with a consensus price target of $10.14, while several firms have recently upgraded the stock and raised targets up to $12.00.
• Dividend raise and recent results: The company increased its quarterly dividend to $0.09 (annualized $0.36, yield 3.6%, DPR 81.8%), and reported a quarterly EPS beat of $0.27 vs. $0.24 with FY2026 guidance of $1.090–$1.160.

DiamondRock Hospitality Company (NYSE:DRH - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.01 and traded as high as $10.17. DiamondRock Hospitality shares last traded at $10.08, with a volume of 2,752,321 shares changing hands.

Analysts Set New Price Targets

A number of analysts have weighed in on DRH shares. Barclays started coverage on shares of DiamondRock Hospitality in a research report on Tuesday, January 6th. They set an "equal weight" rating and a $10.00 target price for the company. LADENBURG THALM/SH SH started coverage on shares of DiamondRock Hospitality in a research report on Thursday, March 26th. They set a "buy" rating and a $12.00 target price for the company. Truist Financial raised shares of DiamondRock Hospitality from a "hold" rating to a "buy" rating and increased their target price for the company from $10.00 to $11.00 in a research report on Friday, January 9th. Finally, Deutsche Bank Aktiengesellschaft raised shares of DiamondRock Hospitality from a "hold" rating to a "buy" rating and increased their target price for the company from $10.00 to $12.00 in a research report on Tuesday, January 13th. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, DiamondRock Hospitality has an average rating of "Hold" and a consensus price target of $10.14.

DiamondRock Hospitality Price Performance

The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 40.32, a P/E/G ratio of 4.50 and a beta of 0.99. The business's 50-day simple moving average is $9.64 and its two-hundred day simple moving average is $9.01. The company has a current ratio of 1.64, a quick 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, February 26th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.03. The firm had revenue of $274.53 million for the quarter, compared to analysts' expectations of $273.18 million. DiamondRock Hospitality had a return on equity of 4.04% and a net margin of 5.69%.The company's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.24 EPS. DiamondRock Hospitality has set its FY 2026 guidance at 1.090-1.160 EPS. As a group, research analysts expect that DiamondRock Hospitality Company will post 0.96 EPS for the current fiscal year.

DiamondRock Hospitality Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Tuesday, March 31st. This is a positive change from DiamondRock Hospitality's previous quarterly dividend of $0.08. DiamondRock Hospitality's dividend payout ratio (DPR) is currently 81.82%.

Insider Activity

In other DiamondRock Hospitality news, CAO Steve Spierto sold 4,000 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $9.93, for a total transaction of $39,720.00. Following the transaction, the chief accounting officer directly owned 77,977 shares in the company, valued at approximately $774,311.61. This represents a 4.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.90% of the company's stock.

Hedge Funds Weigh In On DiamondRock Hospitality

A number of institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp boosted its holdings in shares of DiamondRock Hospitality by 0.8% during the 2nd quarter. State Street Corp now owns 12,587,578 shares of the real estate investment trust's stock worth $97,400,000 after buying an additional 93,929 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of DiamondRock Hospitality by 17.5% during 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 buying an additional 1,377,897 shares in the last quarter. Alyeska Investment Group L.P. boosted its holdings in shares of DiamondRock Hospitality by 5.5% during 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 buying an additional 475,611 shares in the last quarter. Centersquare Investment Management LLC boosted its holdings 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 worth $69,718,000 after buying an additional 244,013 shares in the last quarter. Finally, Cohen & Steers Inc. bought a new position in shares of DiamondRock Hospitality during the 4th quarter worth approximately $59,231,000.

About DiamondRock Hospitality

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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