DiamondRock Hospitality Company (NYSE:DRH – Get Free Report) Director Michael Hartmeier sold 20,000 shares of DiamondRock Hospitality stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $10.46, for a total transaction of $209,200.00. Following the completion of the transaction, the director owned 95,354 shares of the company’s stock, valued at $997,402.84. This represents a 17.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
DiamondRock Hospitality Stock Up 0.3%
Shares of DiamondRock Hospitality stock opened at $10.50 on Friday. DiamondRock Hospitality Company has a 52-week low of $7.31 and a 52-week high of $10.90. The company has a 50 day moving average of $9.92 and a 200 day moving average of $9.43. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $2.15 billion, a P/E ratio of 42.00, a P/E/G ratio of 4.50 and a beta of 0.99.
DiamondRock Hospitality (NYSE:DRH – Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping 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 company had revenue of $274.53 million during the quarter, compared to the consensus estimate of $273.18 million. During the same quarter in the previous year, the firm earned $0.24 earnings per share. The firm’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. As a group, research analysts forecast that DiamondRock Hospitality Company will post 0.96 EPS for the current fiscal year.
DiamondRock Hospitality Announces Dividend
Institutional Trading of DiamondRock Hospitality
Several institutional investors and hedge funds have recently bought and sold shares of DRH. Cohen & Steers Inc. purchased a new stake in DiamondRock Hospitality in the 4th quarter valued at $59,231,000. SG Americas Securities LLC raised its position in DiamondRock Hospitality by 106.1% in the 1st quarter. SG Americas Securities LLC now owns 4,172,671 shares of the real estate investment trust’s stock valued at $39,098,000 after purchasing an additional 2,147,881 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in DiamondRock Hospitality by 907.2% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,292,360 shares of the real estate investment trust’s stock valued at $20,540,000 after purchasing an additional 2,064,760 shares during the last quarter. Qube Research & Technologies Ltd raised its position in DiamondRock Hospitality by 469.0% in the 3rd quarter. Qube Research & Technologies Ltd now owns 2,002,863 shares of the real estate investment trust’s stock valued at $15,943,000 after purchasing an additional 1,650,871 shares during the last quarter. Finally, Bank of America Corp DE raised its position in DiamondRock Hospitality by 17.5% in the 2nd quarter. Bank of America Corp DE now owns 9,231,991 shares of the real estate investment trust’s stock valued at $70,717,000 after purchasing an additional 1,377,897 shares during the last quarter.
Wall Street Analysts Forecast Growth
DRH has been the subject of several recent analyst reports. Stifel Nicolaus boosted their price objective on shares of DiamondRock Hospitality from $11.00 to $11.25 and gave the stock a “hold” rating in a research report on Monday. Morgan Stanley boosted their price objective on shares of DiamondRock Hospitality from $9.50 to $9.60 and gave the stock an “equal weight” rating in a research report on Tuesday. Wells Fargo & Company boosted their price objective on shares of DiamondRock Hospitality from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. LADENBURG THALM/SH SH initiated coverage on shares of DiamondRock Hospitality in a research report on Thursday, March 26th. They set a “buy” rating and a $12.00 price objective for the company. Finally, Citigroup boosted their price objective on shares of DiamondRock Hospitality from $9.50 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $10.87.
Read Our Latest Report on DiamondRock Hospitality
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.
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