DiamondRock Hospitality Company (NYSE:DRH) Given Average Recommendation of “Hold” by Brokerages

DiamondRock Hospitality Company (NYSE:DRH) has been assigned a consensus rating of “Hold” from the nine ratings firms that are currently covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $9.9063.

DRH has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of DiamondRock Hospitality from a “hold” rating to a “buy” rating and increased their price target for the stock from $10.00 to $12.00 in a research report on Tuesday, January 13th. Barclays initiated coverage on DiamondRock Hospitality in a report on Tuesday, January 6th. They issued an “equal weight” rating and a $10.00 target price on the stock. Truist Financial upgraded DiamondRock Hospitality from a “hold” rating to a “buy” rating and lifted their price target for the company from $10.00 to $11.00 in a research note on Friday, January 9th. Morgan Stanley dropped their price objective on DiamondRock Hospitality from $9.00 to $8.50 and set an “equal weight” rating for the company in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of DiamondRock Hospitality in a research report on Wednesday, October 8th.

DiamondRock Hospitality Stock Down 2.3%

Shares of NYSE DRH opened at $9.04 on Thursday. The stock has a market capitalization of $1.84 billion, a P/E ratio of 36.16, a PEG ratio of 4.50 and a beta of 1.03. The stock’s fifty day moving average is $9.13 and its 200 day moving average is $8.47. DiamondRock Hospitality has a 52 week low of $6.18 and a 52 week high of $9.82. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.64 and a current ratio of 1.64.

DiamondRock Hospitality (NYSE:DRH) last announced its quarterly earnings data 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. DiamondRock Hospitality had a net margin of 5.69% and a return on equity of 4.04%. The firm had revenue of $285.38 million for the quarter, compared to the consensus estimate of $277.45 million. During the same period in the prior year, the company posted $0.27 earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. DiamondRock Hospitality has set its FY 2025 guidance at 1.020-1.06 EPS. Sell-side analysts forecast that DiamondRock Hospitality will post 0.96 earnings per share for the current fiscal year.

DiamondRock Hospitality Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.32 annualized dividend and a dividend yield of 3.5%. DiamondRock Hospitality’s payout ratio is 128.00%.

Institutional Trading of DiamondRock Hospitality

Hedge funds have recently added to or reduced their stakes in the stock. First Horizon Corp grew its stake in shares of DiamondRock Hospitality by 54.9% during the fourth quarter. First Horizon Corp now owns 3,214 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 1,139 shares during the last quarter. Danske Bank A S acquired a new stake in shares of DiamondRock Hospitality during the 3rd quarter valued at $33,000. Mirae Asset Global Investments Co. Ltd. grew its position in DiamondRock Hospitality by 32.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,990 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 1,470 shares during the last quarter. State of Wyoming acquired a new position in DiamondRock Hospitality in the 2nd quarter worth about $58,000. Finally, Smartleaf Asset Management LLC increased its holdings in DiamondRock Hospitality by 33.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 9,294 shares of the real estate investment trust’s stock worth $72,000 after purchasing an additional 2,349 shares in the last quarter.

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.