DiamondRock Hospitality Company (NYSE:DRH) Given Average Recommendation of “Hold” by Brokerages

Shares of DiamondRock Hospitality Company (NYSE:DRH) have been assigned an average recommendation of “Hold” from the ten ratings firms that are covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $10.25.

Several equities research analysts recently commented on the stock. LADENBURG THALM/SH SH assumed coverage on shares of DiamondRock Hospitality in a report on Thursday, March 26th. They issued a “buy” rating and a $12.00 price target for the company. Morgan Stanley boosted their price target on shares of DiamondRock Hospitality from $9.00 to $9.50 and gave the stock an “equal weight” rating in a report on Friday, April 10th. Deutsche Bank Aktiengesellschaft raised shares of DiamondRock Hospitality from a “hold” rating to a “buy” rating and boosted their price target for the stock from $10.00 to $12.00 in a report on Tuesday, January 13th. Barclays assumed coverage on shares of DiamondRock Hospitality in a report on Tuesday, January 6th. They issued an “equal weight” rating and a $10.00 price target for the company. Finally, Truist Financial raised shares of DiamondRock Hospitality from a “hold” rating to a “buy” rating and boosted their price target for the stock from $10.00 to $11.00 in a report on Friday, January 9th.

Insider Buying and Selling

In other news, CAO Steve Spierto sold 4,000 shares of the company’s stock in a transaction on 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 owned 77,977 shares of the company’s stock, valued at $774,311.61. This represents a 4.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On DiamondRock Hospitality

Large investors have recently modified their holdings of the business. 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 worth $26,000 after buying an additional 1,697 shares in the last quarter. First Horizon Corp grew its holdings 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 worth $29,000 after buying an additional 1,139 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 buying an additional 1,498 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of DiamondRock Hospitality by 12,114.7% during the fourth quarter. Global Retirement Partners LLC now owns 4,153 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 4,119 shares in the last quarter. Finally, Danske Bank A S purchased a new stake in shares of DiamondRock Hospitality during the third quarter worth $33,000.

DiamondRock Hospitality Price Performance

NYSE:DRH opened at $10.51 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. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 42.04, a price-to-earnings-growth ratio of 4.50 and a beta of 0.99. The company has a 50 day moving average price of $9.78 and a 200-day moving average price of $9.13. DiamondRock Hospitality has a 1-year low of $6.82 and a 1-year high of $10.67.

DiamondRock Hospitality (NYSE:DRH) last issued its quarterly earnings results on Thursday, February 26th. The real estate investment trust reported $0.27 EPS for the quarter, topping the consensus estimate of $0.24 by $0.03. The company had revenue of $274.53 million during the quarter, compared to analyst estimates of $273.18 million. DiamondRock Hospitality had a net margin of 5.69% and a return on equity of 4.04%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 EPS. DiamondRock Hospitality has set its FY 2026 guidance at 1.090-1.160 EPS. Equities research analysts forecast that DiamondRock Hospitality will post 0.96 EPS for the current year.

DiamondRock Hospitality Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 14th. Investors of record on Tuesday, March 31st were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Tuesday, March 31st. This is a boost from DiamondRock Hospitality’s previous quarterly dividend of $0.08. DiamondRock Hospitality’s payout ratio is presently 81.82%.

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.