Citigroup Forecasts Strong Price Appreciation for DiamondRock Hospitality (NYSE:DRH) Stock

DiamondRock Hospitality (NYSE:DRH) had its target price raised by equities researchers at Citigroup from $9.50 to $11.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Citigroup’s price target suggests a potential upside of 3.19% from the stock’s previous close.

Several other research firms have also recently issued reports on DRH. Deutsche Bank Aktiengesellschaft upgraded shares of DiamondRock Hospitality from a “hold” rating to a “buy” rating and raised their price objective for the stock from $10.00 to $12.00 in a research report on Tuesday, January 13th. 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. Barclays initiated coverage on shares of DiamondRock Hospitality in a research report on Tuesday, January 6th. They set an “equal weight” rating and a $10.00 price objective for the company. Morgan Stanley raised their price objective 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. Finally, Truist Financial upgraded shares of DiamondRock Hospitality from a “hold” rating to a “buy” rating and raised their price objective for the stock from $10.00 to $11.00 in a research report on Friday, January 9th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $10.81.

DiamondRock Hospitality Price Performance

DiamondRock Hospitality stock opened at $10.66 on Wednesday. DiamondRock Hospitality has a 12-month low of $7.31 and a 12-month high of $10.90. The stock has a market cap of $2.18 billion, a P/E ratio of 42.64, a PEG ratio of 4.50 and a beta of 0.99. The company has a 50-day moving average price of $9.86 and a 200 day moving average price of $9.34. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.70.

DiamondRock Hospitality (NYSE:DRH) last released its quarterly earnings data on Thursday, February 26th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $273.18 million. During the same period last year, the business earned $0.24 earnings per share. DiamondRock Hospitality’s revenue was down 1.6% compared to the same quarter last year. DiamondRock Hospitality has set its FY 2026 guidance at 1.090-1.160 EPS. Sell-side analysts anticipate that DiamondRock Hospitality will post 0.96 earnings per share for the current year.

Insider Buying and Selling at DiamondRock Hospitality

In other DiamondRock Hospitality news, CAO Steve Spierto sold 4,000 shares of DiamondRock Hospitality stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $9.93, for a total transaction of $39,720.00. Following the completion of the sale, the chief accounting officer directly owned 77,977 shares in the company, valued at $774,311.61. This trade represents 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 available at the SEC website. 0.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On DiamondRock Hospitality

Institutional investors have recently made changes to their positions in the stock. Allworth Financial LP increased its position in shares of 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 acquiring an additional 1,697 shares during the last quarter. First Horizon Corp increased its position in shares of 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 acquiring an additional 1,139 shares during the last quarter. EverSource Wealth Advisors LLC increased its position 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 valued at $31,000 after acquiring an additional 1,498 shares during the last quarter. Danske Bank A S acquired a new position in shares of DiamondRock Hospitality in the third quarter valued at approximately $33,000. Finally, Global Retirement Partners LLC grew its holdings in shares of DiamondRock Hospitality by 12,114.7% in 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 purchasing an additional 4,119 shares in the last quarter.

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.