DiamondRock Hospitality (NYSE:DRH – Get Free Report) issued an update on its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.180-1.230 for the period, compared to the consensus EPS estimate of 1.090. The company issued revenue guidance of -.
DiamondRock Hospitality Trading Down 1.8%
Shares of NYSE DRH traded down $0.23 during mid-day trading on Thursday, reaching $12.91. 2,564,002 shares of the company’s stock were exchanged, compared to its average volume of 2,328,177. The company’s 50-day moving average is $11.96 and its 200-day moving average is $10.57. 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 firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 51.64, a PEG ratio of 4.50 and a beta of 0.98. DiamondRock Hospitality has a 52-week low of $7.45 and a 52-week high of $13.24.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the stock. Citigroup boosted their price target on shares of DiamondRock Hospitality from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. LADENBURG THALM/SH SH boosted their target price on DiamondRock Hospitality from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Bank of America upped their price target on DiamondRock Hospitality from $12.50 to $13.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Truist Financial boosted their price objective on DiamondRock Hospitality from $11.00 to $12.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Finally, Morgan Stanley increased their target price on DiamondRock Hospitality from $9.60 to $10.00 and gave the stock an “equal weight” rating in a research note on Friday, July 17th. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $12.12.
Insider Transactions at DiamondRock Hospitality
In related news, Director Michael A. Hartmeier sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $10.46, for a total value of $209,200.00. Following the sale, the director owned 95,354 shares of the company’s stock, valued at $997,402.84. This trade represents a 17.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kathleen Merrill sold 20,000 shares of DiamondRock Hospitality stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $11.88, for a total transaction of $237,600.00. Following the completion of the transaction, the director owned 84,335 shares of the company’s stock, valued at $1,001,899.80. This represents a 19.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.90% of the company’s stock.
Institutional Investors Weigh In On DiamondRock Hospitality
A number of hedge funds and other institutional investors have recently modified their holdings of DRH. State Street Corp lifted its position in shares of DiamondRock Hospitality by 0.8% during the 2nd quarter. State Street Corp now owns 12,587,578 shares of the real estate investment trust’s stock worth $97,400,000 after purchasing an additional 93,929 shares during the last quarter. Bank of America Corp DE increased its holdings in DiamondRock Hospitality by 17.5% in the second 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 buying an additional 1,377,897 shares during the last quarter. Alyeska Investment Group L.P. increased its holdings in DiamondRock Hospitality by 5.5% in the third quarter. Alyeska Investment Group L.P. now owns 9,152,343 shares of the real estate investment trust’s stock valued at $72,853,000 after buying an additional 475,611 shares during the last quarter. Geode Capital Management LLC raised its stake in DiamondRock Hospitality by 3.8% in the fourth quarter. Geode Capital Management LLC now owns 5,514,801 shares of the real estate investment trust’s stock valued at $49,420,000 after buying an additional 202,180 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in DiamondRock Hospitality by 5.9% in the third quarter. Dimensional Fund Advisors LP now owns 3,052,398 shares of the real estate investment trust’s stock valued at $24,298,000 after buying an additional 171,321 shares in the last quarter.
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.
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