DiamondRock Hospitality Company (NYSE:DRH) Receives Consensus Rating of “Hold” from Analysts

Shares of DiamondRock Hospitality Company (NYSE:DRH) have received a consensus rating of “Hold” from the nine research firms that are covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $9.9063.

A number of research firms have issued reports on DRH. Deutsche Bank Aktiengesellschaft raised shares of DiamondRock Hospitality from a “hold” rating to a “buy” rating and boosted their price objective for the company from $10.00 to $12.00 in a report on Tuesday, January 13th. Truist Financial raised shares of DiamondRock Hospitality from a “hold” rating to a “buy” rating and raised their target price for the stock from $10.00 to $11.00 in a report on Friday, January 9th. Wells Fargo & Company boosted their price target on DiamondRock Hospitality from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Monday, December 1st. Finally, Barclays began coverage on DiamondRock Hospitality in a research report on Tuesday, January 6th. They set an “equal weight” rating and a $10.00 price target on the stock.

Insider Activity

In other news, CAO Steve Spierto sold 4,000 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $9.93, for a total transaction of $39,720.00. Following the sale, the chief accounting officer directly owned 77,977 shares of the company’s stock, valued at approximately $774,311.61. This represents a 4.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On DiamondRock Hospitality

Hedge funds and other institutional investors have recently modified their holdings of the business. First Horizon Corp increased its holdings in DiamondRock Hospitality by 54.9% in the 4th quarter. First Horizon Corp now owns 3,214 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 1,139 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of DiamondRock Hospitality by 3.1% during the fourth quarter. ProShare Advisors LLC now owns 40,041 shares of the real estate investment trust’s stock valued at $359,000 after purchasing an additional 1,203 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of DiamondRock Hospitality by 32.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,990 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 1,470 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of 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 worth $31,000 after purchasing an additional 1,498 shares during the last quarter. Finally, Metis Global Partners LLC grew its holdings in shares of DiamondRock Hospitality by 3.6% during the fourth quarter. Metis Global Partners LLC now owns 48,193 shares of the real estate investment trust’s stock worth $432,000 after purchasing an additional 1,667 shares during the last quarter.

DiamondRock Hospitality Stock Down 0.2%

DRH opened at $9.44 on Friday. DiamondRock Hospitality has a fifty-two week low of $6.18 and a fifty-two week high of $10.67. 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 $1.93 billion, a P/E ratio of 37.76, a P/E/G ratio of 4.50 and a beta of 0.98. The stock has a fifty day moving average of $9.60 and a 200-day moving average of $8.92.

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 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 analysts’ expectations of $273.18 million. During the same quarter in the previous year, the business posted $0.24 earnings per share. DiamondRock Hospitality’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. On average, equities analysts expect that DiamondRock Hospitality will post 0.96 EPS for the current year.

DiamondRock Hospitality Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Tuesday, March 31st. This is a positive change from DiamondRock Hospitality’s previous quarterly dividend of $0.08. DiamondRock Hospitality’s dividend payout ratio is currently 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.