DiamondRock Hospitality (NYSE:DRH) Raised to “Buy” at Deutsche Bank Aktiengesellschaft

DiamondRock Hospitality (NYSE:DRH) was upgraded by investment analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The brokerage currently has a $12.00 target price on the real estate investment trust’s stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 29.31% from the company’s current price.

Several other equities research analysts have also commented on DRH. Wells Fargo & Company lifted their price target on shares of DiamondRock Hospitality from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Monday, December 1st. Barclays assumed coverage on DiamondRock Hospitality in a report on Tuesday, January 6th. They set an “equal weight” rating and a $10.00 price objective on the stock. Truist Financial raised DiamondRock Hospitality from a “hold” rating to a “buy” rating and boosted their target price for the company from $10.00 to $11.00 in a report on Friday. Morgan Stanley dropped their price target on DiamondRock Hospitality from $9.00 to $8.50 and set an “equal weight” rating on the stock in a research note on Wednesday, October 22nd. Finally, Evercore ISI boosted their price objective on DiamondRock Hospitality from $9.00 to $10.00 and gave the company an “in-line” rating in a research note on Thursday, November 20th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $9.91.

DiamondRock Hospitality Stock Up 0.3%

DiamondRock Hospitality stock opened at $9.28 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.64 and a quick ratio of 1.64. DiamondRock Hospitality has a 1-year low of $6.18 and a 1-year high of $9.44. The stock has a market cap of $1.89 billion, a PE ratio of 37.12, a P/E/G ratio of 4.50 and a beta of 1.03. The stock’s fifty day moving average is $9.00 and its two-hundred day moving average is $8.36.

DiamondRock Hospitality (NYSE:DRH) last posted its earnings results on Thursday, November 6th. The real estate investment trust reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.04. DiamondRock Hospitality had a return on equity of 4.04% and a net margin of 5.69%.The firm had revenue of $285.38 million during the quarter, compared to analysts’ expectations of $277.45 million. During the same quarter in the previous year, the business earned $0.27 earnings per share. The firm’s revenue was up .1% compared to the same quarter last year. DiamondRock Hospitality has set its FY 2025 guidance at 1.020-1.06 EPS. On average, sell-side analysts expect that DiamondRock Hospitality will post 0.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio lifted its holdings in shares of DiamondRock Hospitality by 0.5% during the second quarter. Public Employees Retirement System of Ohio now owns 298,326 shares of the real estate investment trust’s stock worth $2,285,000 after purchasing an additional 1,578 shares during the period. Asset Management One Co. Ltd. raised its position in DiamondRock Hospitality by 0.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 295,567 shares of the real estate investment trust’s stock worth $2,353,000 after buying an additional 1,792 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of DiamondRock Hospitality by 3.1% in the 3rd quarter. Lazard Asset Management LLC now owns 60,199 shares of the real estate investment trust’s stock worth $479,000 after acquiring an additional 1,806 shares during the period. M&T Bank Corp boosted its holdings in shares of DiamondRock Hospitality by 9.4% in the second quarter. M&T Bank Corp now owns 21,298 shares of the real estate investment trust’s stock valued at $163,000 after acquiring an additional 1,833 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of DiamondRock Hospitality by 2.7% in the second quarter. Daiwa Securities Group Inc. now owns 72,809 shares of the real estate investment trust’s stock valued at $558,000 after acquiring an additional 1,880 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.