DiamondRock Hospitality (NYSE:DRH) Director Michael Hartmeier Sells 20,000 Shares

DiamondRock Hospitality Company (NYSE:DRH) Director Michael Hartmeier sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $10.46, for a total value of $209,200.00. Following the completion of the sale, the director directly owned 95,354 shares in the company, valued at $997,402.84. The trade was a 17.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

DiamondRock Hospitality Trading Down 0.9%

Shares of NYSE DRH traded down $0.09 during trading hours on Wednesday, hitting $10.47. The company’s stock had a trading volume of 1,229,425 shares, compared to its average volume of 2,372,253. 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 stock has a market cap of $2.14 billion, a price-to-earnings ratio of 41.88, a P/E/G ratio of 4.50 and a beta of 0.99. DiamondRock Hospitality Company has a 12 month low of $7.31 and a 12 month high of $10.90. The business has a 50-day simple moving average of $9.89 and a 200-day simple moving average of $9.40.

DiamondRock Hospitality (NYSE:DRH) last posted its earnings results 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. The company had revenue of $274.53 million for the quarter, compared to analysts’ expectations of $273.18 million. DiamondRock Hospitality had a return on equity of 4.04% and a net margin of 5.69%.DiamondRock Hospitality’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the firm earned $0.24 earnings per share. DiamondRock Hospitality has set its FY 2026 guidance at 1.090-1.160 EPS. On average, analysts anticipate that DiamondRock Hospitality Company will post 0.96 earnings per share for the current fiscal year.

DiamondRock Hospitality Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.36 annualized dividend and a dividend yield of 3.4%. DiamondRock Hospitality’s dividend payout ratio (DPR) is presently 76.60%.

Institutional Trading of DiamondRock Hospitality

Hedge funds have recently made changes to their positions in the stock. Cohen & Steers Inc. bought a new stake in shares of DiamondRock Hospitality in the 4th quarter worth approximately $59,231,000. SG Americas Securities LLC boosted its position in shares of DiamondRock Hospitality by 106.1% in the 1st quarter. SG Americas Securities LLC now owns 4,172,671 shares of the real estate investment trust’s stock worth $39,098,000 after purchasing an additional 2,147,881 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of DiamondRock Hospitality by 907.2% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,292,360 shares of the real estate investment trust’s stock worth $20,540,000 after purchasing an additional 2,064,760 shares in the last quarter. Qube Research & Technologies Ltd boosted its position in shares of DiamondRock Hospitality by 469.0% in the 3rd quarter. Qube Research & Technologies Ltd now owns 2,002,863 shares of the real estate investment trust’s stock worth $15,943,000 after purchasing an additional 1,650,871 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of DiamondRock Hospitality by 17.5% in the 2nd quarter. Bank of America Corp DE now owns 9,231,991 shares of the real estate investment trust’s stock worth $70,717,000 after purchasing an additional 1,377,897 shares in the last quarter.

Analysts Set New Price Targets

Several research firms have weighed in on DRH. Deutsche Bank Aktiengesellschaft raised DiamondRock Hospitality from a “hold” rating to a “buy” rating and lifted their price objective for the company from $10.00 to $12.00 in a research report on Tuesday, January 13th. Citigroup lifted their price objective on DiamondRock Hospitality from $9.50 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Wells Fargo & Company lifted their price objective on DiamondRock Hospitality from $10.00 to $11.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 22nd. Stifel Nicolaus lifted their price objective on DiamondRock Hospitality from $11.00 to $11.25 and gave the company a “hold” rating in a research report on Monday. Finally, LADENBURG THALM/SH SH began coverage on DiamondRock Hospitality in a research report on Thursday, March 26th. They set a “buy” rating and a $12.00 price objective on the stock. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, DiamondRock Hospitality has a consensus rating of “Hold” and a consensus target price of $10.87.

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.