Analysts Set DiamondRock Hospitality Company (NYSE:DRH) PT at $10.25

DiamondRock Hospitality Company (NYSE:DRH) has received an average recommendation of “Hold” from the ten brokerages that are covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $10.25.

DRH has been the subject of several research reports. Truist Financial upgraded shares of DiamondRock Hospitality from a “hold” rating to a “buy” rating and upped their target price for the stock from $10.00 to $11.00 in a research report on Friday, January 9th. LADENBURG THALM/SH SH initiated coverage on shares of DiamondRock Hospitality in a research report on Thursday, March 26th. They issued a “buy” rating and a $12.00 target price for the company. Morgan Stanley upped their target price on shares of DiamondRock Hospitality from $9.00 to $9.50 and gave the stock an “equal weight” rating in a research report on Friday, April 10th. Barclays initiated coverage on shares of DiamondRock Hospitality in a research report on Tuesday, January 6th. They issued an “equal weight” rating and a $10.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of DiamondRock Hospitality from a “hold” rating to a “buy” rating and upped their target price for the stock from $10.00 to $12.00 in a research report on Tuesday, January 13th.

Insider Transactions at DiamondRock Hospitality

In related news, CAO Steve Spierto sold 4,000 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $9.93, for a total value of $39,720.00. Following the completion of the transaction, the chief accounting officer directly owned 77,977 shares in the company, valued at approximately $774,311.61. The trade was a 4.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.90% of the company’s stock.

Institutional Trading of DiamondRock Hospitality

Institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP boosted its position in DiamondRock Hospitality by 146.0% during the fourth quarter. Allworth Financial LP now owns 2,859 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 1,697 shares during the period. First Horizon Corp boosted its position in 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 valued at $29,000 after buying an additional 1,139 shares during the period. EverSource Wealth Advisors LLC boosted its position in DiamondRock Hospitality by 77.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,436 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 1,498 shares during the period. Danske Bank A S purchased a new stake in DiamondRock Hospitality during the third quarter valued at about $33,000. Finally, Global Retirement Partners LLC boosted its position 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 during the period.

DiamondRock Hospitality Stock Down 0.1%

DRH opened at $10.29 on Tuesday. The company has a fifty day moving average price of $9.74 and a 200-day moving average price of $9.08. The firm has a market capitalization of $2.11 billion, a P/E ratio of 41.16, a price-to-earnings-growth ratio of 4.50 and a beta of 0.99. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.64 and a quick ratio of 1.64. DiamondRock Hospitality has a one year low of $6.82 and a one year high of $10.67.

DiamondRock Hospitality (NYSE:DRH) last released its quarterly earnings results on Thursday, February 26th. The real estate investment trust reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. DiamondRock Hospitality had a net margin of 5.69% and a return on equity of 4.04%. The firm had revenue of $274.53 million during the quarter, compared to analyst estimates of $273.18 million. During the same period in the previous year, the business earned $0.24 EPS. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. DiamondRock Hospitality has set its FY 2026 guidance at 1.090-1.160 EPS. Equities research analysts expect that DiamondRock Hospitality will post 0.96 earnings per share for the current fiscal year.

DiamondRock Hospitality Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 14th. Investors of record on Tuesday, March 31st were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 3.5%. This is a boost from DiamondRock Hospitality’s previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, March 31st. DiamondRock Hospitality’s dividend payout ratio (DPR) is presently 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.