Brokerages Set DiamondRock Hospitality Company (NYSE:DRH) Price Target at $12.82

Shares of DiamondRock Hospitality Company (NYSE:DRH) have been assigned an average recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $12.8250.

Several equities research analysts have issued reports on DRH shares. Bank of America raised their price target on shares of DiamondRock Hospitality from $12.50 to $13.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Barclays boosted their price objective on shares of DiamondRock Hospitality from $12.00 to $14.00 and gave the company an “equal weight” rating in a research report on Thursday, August 27th. LADENBURG THALM/SH SH upped their price objective on shares of DiamondRock Hospitality from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Stifel Nicolaus raised their target price on shares of DiamondRock Hospitality from $12.50 to $13.25 and gave the stock a “hold” rating in a research report on Friday, July 31st. Finally, Wells Fargo & Company lifted their target price on shares of DiamondRock Hospitality from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 23rd.

DiamondRock Hospitality Price Performance

Shares of NYSE:DRH opened at $12.25 on Friday. The business’s fifty day moving average price is $12.52 and its two-hundred day moving average price is $11.30. The stock has a market cap of $2.51 billion, a PE ratio of 49.00, a price-to-earnings-growth ratio of 4.50 and a beta of 0.97. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.64 and a current ratio of 1.64. DiamondRock Hospitality has a one year low of $7.47 and a one year high of $13.79.

DiamondRock Hospitality (NYSE:DRH) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.22. DiamondRock Hospitality had a return on equity of 4.04% and a net margin of 5.69%.The business had revenue of $318.29 million for the quarter, compared to the consensus estimate of $314.98 million. During the same period in the prior year, the business earned $0.35 earnings per share. The business’s revenue 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, analysts forecast that DiamondRock Hospitality will post 0.96 EPS for the current fiscal year.

DiamondRock Hospitality Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 3.6%. This is a boost from DiamondRock Hospitality’s previous quarterly dividend of $0.09. The ex-dividend date is Wednesday, September 30th. DiamondRock Hospitality’s dividend payout ratio (DPR) is currently 60.27%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DRH. ProShare Advisors LLC raised its stake in 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 worth $359,000 after acquiring an additional 1,203 shares during the period. EverSource Wealth Advisors LLC boosted its stake in DiamondRock Hospitality by 77.3% in 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 period. Gallacher Capital Management LLC grew its holdings in shares of DiamondRock Hospitality by 5.8% during the first quarter. Gallacher Capital Management LLC now owns 27,509 shares of the real estate investment trust’s stock valued at $258,000 after purchasing an additional 1,504 shares during the last quarter. Ancora Advisors LLC grew its holdings in shares of DiamondRock Hospitality by 0.3% during the second quarter. Ancora Advisors LLC now owns 496,340 shares of the real estate investment trust’s stock valued at $6,045,000 after purchasing an additional 1,630 shares during the last quarter. Finally, Allworth Financial LP grew its holdings 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 purchasing an additional 1,697 shares during the last quarter.

DiamondRock Hospitality Company Profile

DiamondRock Hospitality Company (NYSE: DRH) is a self-advised real estate investment trust that owns a portfolio of hotels and resorts in the United States. The company focuses on lodging properties in locations that appeal to business and leisure travelers, including gateway cities, destination resorts and other high-demand markets.

DiamondRock’s properties operate under a combination of nationally recognized hotel brands and independent or company-developed concepts. Its portfolio includes full-service hotels, lifestyle properties and resort accommodations, with services such as guest rooms, restaurants, meeting and event facilities, recreational amenities and other hospitality offerings.

The company was formed in 2004 through a spin-off from Marriott International and is headquartered in Bethesda, Maryland.