Deutsche Bank Aktiengesellschaft Upgrades DiamondRock Hospitality (NYSE:DRH) to “Buy”

DiamondRock Hospitality (NYSE:DRH) was upgraded by Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note issued on Tuesday, MarketBeat Ratings reports. The firm currently has a $12.00 target price on the real estate investment trust’s stock, up from their prior target price of $10.00. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 30.15% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Morgan Stanley cut their price objective on DiamondRock Hospitality from $9.00 to $8.50 and set an “equal weight” rating for the company in a research note on Wednesday, October 22nd. Evercore ISI raised their price target on shares of DiamondRock Hospitality from $9.00 to $10.00 and gave the stock an “in-line” rating in a research note on Thursday, November 20th. Truist Financial upgraded shares of DiamondRock Hospitality from a “hold” rating to a “buy” rating and boosted their price target for the stock from $10.00 to $11.00 in a research report on Friday, January 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of DiamondRock Hospitality in a report on Wednesday, October 8th. Finally, Wells Fargo & Company raised their target price on shares of DiamondRock Hospitality from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Monday, December 1st. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $9.91.

DiamondRock Hospitality Trading Down 2.5%

Shares of DiamondRock Hospitality stock opened at $9.22 on Tuesday. DiamondRock Hospitality has a fifty-two week low of $6.18 and a fifty-two week high of $9.49. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.64 and a current ratio of 1.64. The company has a market cap of $1.88 billion, a P/E ratio of 36.88, a price-to-earnings-growth ratio of 4.50 and a beta of 1.03. The firm has a 50-day simple moving average of $9.05 and a two-hundred day simple moving average of $8.38.

DiamondRock Hospitality (NYSE:DRH) last issued its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.04. The company had revenue of $285.38 million for the quarter, compared to the consensus estimate of $277.45 million. DiamondRock Hospitality had a return on equity of 4.04% and a net margin of 5.69%.DiamondRock Hospitality’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.27 earnings per share. DiamondRock Hospitality has set its FY 2025 guidance at 1.020-1.06 EPS. As a group, equities analysts predict that DiamondRock Hospitality will post 0.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DRH. AQR Capital Management LLC grew its position in DiamondRock Hospitality by 223.2% in the first quarter. AQR Capital Management LLC now owns 65,376 shares of the real estate investment trust’s stock worth $505,000 after acquiring an additional 45,146 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of DiamondRock Hospitality by 5.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 123,672 shares of the real estate investment trust’s stock valued at $955,000 after purchasing an additional 5,971 shares during the last quarter. United Services Automobile Association acquired a new stake in shares of DiamondRock Hospitality during the 1st quarter worth about $91,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in DiamondRock Hospitality by 3.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,327,841 shares of the real estate investment trust’s stock valued at $10,251,000 after buying an additional 48,558 shares during the period. Finally, Strs Ohio acquired a new position in DiamondRock Hospitality in the first quarter valued at about $304,000.

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.