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

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 rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $9.9063.

Several analysts recently commented on DRH shares. Barclays assumed 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. Evercore upped their price objective on shares of DiamondRock Hospitality from $9.00 to $10.00 and gave the company an “in-line” rating in a research note on Thursday, November 20th. Truist Financial raised shares of DiamondRock Hospitality from a “hold” rating to a “buy” rating and lifted their target price for the stock from $10.00 to $11.00 in a research note on Friday, January 9th. Wells Fargo & Company boosted their target price on shares of DiamondRock Hospitality from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Monday, December 1st. Finally, Deutsche Bank Aktiengesellschaft raised shares of DiamondRock Hospitality from a “hold” rating to a “buy” rating and upped their price target for the company from $10.00 to $12.00 in a research report on Tuesday, January 13th.

Insider Buying and Selling

In related news, CAO Steve Spierto sold 4,000 shares of the firm’s 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 completion of the sale, the chief accounting officer owned 77,977 shares of the company’s stock, valued at $774,311.61. This trade represents a 4.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On DiamondRock Hospitality

Several institutional investors have recently added to or reduced their stakes in the business. Cohen & Steers Inc. bought a new stake in shares of DiamondRock Hospitality in the 4th quarter valued at $59,231,000. JPMorgan Chase & Co. boosted its stake in DiamondRock Hospitality by 106.3% during the second quarter. JPMorgan Chase & Co. now owns 5,412,002 shares of the real estate investment trust’s stock worth $41,456,000 after acquiring an additional 2,788,022 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in DiamondRock Hospitality by 907.2% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,292,360 shares of the real estate investment trust’s stock worth $20,540,000 after acquiring an additional 2,064,760 shares in the last quarter. SG Americas Securities LLC grew its holdings in DiamondRock Hospitality by 881.7% in the fourth quarter. SG Americas Securities LLC now owns 2,024,790 shares of the real estate investment trust’s stock worth $18,142,000 after purchasing an additional 1,818,527 shares during the period. Finally, Qube Research & Technologies Ltd grew its holdings in DiamondRock Hospitality by 469.0% in the third quarter. Qube Research & Technologies Ltd now owns 2,002,863 shares of the real estate investment trust’s stock worth $15,943,000 after purchasing an additional 1,650,871 shares during the period.

DiamondRock Hospitality Stock Up 0.4%

Shares of NYSE:DRH opened at $9.50 on Friday. The firm has a market cap of $1.94 billion, a P/E ratio of 38.00, a P/E/G ratio of 4.50 and a beta of 0.98. DiamondRock Hospitality has a 12-month low of $6.18 and a 12-month high of $10.67. The business has a fifty day simple moving average of $9.60 and a 200 day simple moving average of $8.89. 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) last issued its quarterly earnings results on Thursday, February 26th. The real estate investment trust reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.03. DiamondRock Hospitality had a return on equity of 4.04% and a net margin of 5.69%.The company had revenue of $274.53 million during the quarter, compared to analysts’ expectations of $273.18 million. During the same quarter in the prior year, the firm posted $0.24 earnings per share. The business’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. Analysts predict that DiamondRock Hospitality will post 0.96 earnings per share for the current year.

DiamondRock Hospitality Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Tuesday, March 31st will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 3.8%. 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 is currently 81.82%.

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.