DiamondRock Hospitality (NYSE:DRH – Get Free Report) had its price objective increased by equities researchers at Morgan Stanley from $11.00 to $12.00 in a research report issued on Monday, Benzinga reports. The firm presently has an “equal weight” rating on the real estate investment trust’s stock. Morgan Stanley’s target price points to a potential downside of 5.47% from the stock’s current price.
Several other research analysts have also issued reports on DRH. Citigroup boosted their target price on DiamondRock Hospitality from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. Barclays increased their price target on DiamondRock Hospitality from $12.00 to $14.00 and gave the stock an “equal weight” rating in a report on Thursday, August 27th. Truist Financial increased their price target on DiamondRock Hospitality from $12.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, September 10th. LADENBURG THALM/SH SH raised their price target on DiamondRock Hospitality from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Finally, Bank of America boosted their price objective on DiamondRock Hospitality from $12.50 to $13.00 and gave the company a “buy” rating in a report on Monday, July 20th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $12.93.
Check Out Our Latest Stock Analysis on DiamondRock Hospitality
DiamondRock Hospitality Trading Up 0.6%
DiamondRock Hospitality (NYSE:DRH – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.22. DiamondRock Hospitality had a net margin of 5.69% and a return on equity of 4.04%. The company had revenue of $318.29 million for the quarter, compared to analyst estimates of $314.98 million. During the same period in the prior year, the company posted $0.35 EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. DiamondRock Hospitality has set its FY 2026 guidance at 1.180-1.230 EPS. On average, equities research analysts predict that DiamondRock Hospitality will post 0.96 earnings per share for the current year.
Institutional Trading of DiamondRock Hospitality
Several institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC grew its stake in DiamondRock Hospitality by 23.9% in the third quarter. GAMMA Investing LLC now owns 16,699 shares of the real estate investment trust’s stock worth $206,000 after purchasing an additional 3,218 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in DiamondRock Hospitality by 155.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 5,549 shares of the real estate investment trust’s stock worth $69,000 after purchasing an additional 3,375 shares during the period. Tactive Advisors LLC purchased a new position in DiamondRock Hospitality during the 3rd quarter worth $251,000. QRG Capital Management Inc. raised its position in DiamondRock Hospitality by 14.3% during the 2nd quarter. QRG Capital Management Inc. now owns 153,128 shares of the real estate investment trust’s stock valued at $1,865,000 after purchasing an additional 19,182 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in DiamondRock Hospitality by 38.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 22,772 shares of the real estate investment trust’s stock valued at $277,000 after purchasing an additional 6,302 shares in the last quarter.
About DiamondRock Hospitality
DiamondRock Hospitality Company (NYSE: DRH) is a self-advised real estate investment trust that owns a portfolio of upscale and luxury hotels and resorts in the United States. The company focuses on acquiring, owning and strategically managing lodging properties in major gateway markets, destination resorts and other high-demand locations.
DiamondRock’s portfolio includes full-service hotels operating under nationally recognized brands such as Marriott, Hilton and Hyatt, as well as independent and boutique properties.
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