LADENBURG THALM/SH SH Initiates Coverage on DiamondRock Hospitality (NYSE:DRH)

Equities researchers at LADENBURG THALM/SH SH initiated coverage on shares of DiamondRock Hospitality (NYSE:DRH) in a report issued on Thursday, Marketbeat reports. The firm set a “buy” rating and a $12.00 price target on the real estate investment trust’s stock. LADENBURG THALM/SH SH’s price objective suggests a potential upside of 28.76% from the company’s current price.

Several other brokerages have also recently issued reports on DRH. Barclays began coverage on DiamondRock Hospitality in a research note on Tuesday, January 6th. They issued an “equal weight” rating and a $10.00 price objective on the stock. Truist Financial upgraded shares of DiamondRock Hospitality from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $10.00 to $11.00 in a research report on Friday, January 9th. Wells Fargo & Company upped their price target on shares of DiamondRock Hospitality from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Monday, December 1st. Finally, Deutsche Bank Aktiengesellschaft upgraded DiamondRock Hospitality from a “hold” rating to a “buy” rating and upped their price target for the stock from $10.00 to $12.00 in a research note on Tuesday, January 13th. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, DiamondRock Hospitality has an average rating of “Hold” and a consensus target price of $10.14.

DiamondRock Hospitality Price Performance

DiamondRock Hospitality stock opened at $9.32 on Thursday. 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 capitalization of $1.91 billion, a price-to-earnings ratio of 37.28, a price-to-earnings-growth ratio of 4.50 and a beta of 0.98. The company’s 50 day simple moving average is $9.61 and its 200-day simple moving average is $8.93. DiamondRock Hospitality has a 1 year low of $6.18 and a 1 year high of $10.67.

DiamondRock Hospitality (NYSE:DRH) last announced its earnings results on Thursday, February 26th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $273.18 million. During the same quarter in the previous year, the company earned $0.24 earnings per share. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. DiamondRock Hospitality has set its FY 2026 guidance at 1.090-1.160 EPS. As a group, equities research analysts expect that DiamondRock Hospitality will post 0.96 earnings per share for the current year.

Insider Transactions at DiamondRock Hospitality

In other DiamondRock Hospitality news, CAO Steve Spierto sold 4,000 shares of the business’s stock in a transaction dated 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 approximately $774,311.61. The trade was a 4.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company 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 added to or reduced their stakes in the company. Allworth Financial LP raised its position in shares of DiamondRock Hospitality by 146.0% in the 4th quarter. Allworth Financial LP now owns 2,859 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 1,697 shares in the last quarter. First Horizon Corp boosted its stake in DiamondRock Hospitality by 54.9% during the 4th quarter. First Horizon Corp now owns 3,214 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 1,139 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of DiamondRock Hospitality by 77.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,436 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 1,498 shares during the period. Global Retirement Partners LLC boosted its stake in DiamondRock Hospitality by 12,114.7% during the fourth quarter. Global Retirement Partners LLC now owns 4,153 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 4,119 shares in the last quarter. Finally, Danske Bank A S bought a new stake in shares of DiamondRock Hospitality during the 3rd quarter worth $33,000.

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.