DiamondRock Hospitality (NYSE:DRH) Price Target Raised to $11.25

DiamondRock Hospitality (NYSE:DRH) had its target price upped by investment analysts at Stifel Nicolaus from $11.00 to $11.25 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “hold” rating on the real estate investment trust’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 4.74% from the stock’s current price.

Several other equities research analysts have also issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of DiamondRock Hospitality from a “hold” rating to a “buy” rating and lifted their price target for the company from $10.00 to $12.00 in a research note on Tuesday, January 13th. Wells Fargo & Company raised their price objective on shares of DiamondRock Hospitality from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. Morgan Stanley lifted their target price on DiamondRock Hospitality from $9.00 to $9.50 and gave the stock an “equal weight” rating in a report on Friday, April 10th. Citigroup raised their price target on DiamondRock Hospitality from $9.50 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Finally, LADENBURG THALM/SH SH assumed coverage on DiamondRock Hospitality in a research note on Thursday, March 26th. They set a “buy” rating and a $12.00 target price for the company. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, DiamondRock Hospitality has a consensus rating of “Hold” and an average target price of $10.86.

DiamondRock Hospitality Stock Performance

Shares of DRH stock opened at $10.74 on Monday. The stock has a market cap of $2.20 billion, a PE ratio of 43.64, a price-to-earnings-growth ratio of 4.50 and a beta of 0.99. The stock has a 50-day moving average of $9.86 and a 200-day moving average of $9.34. 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 one year low of $7.31 and a one year high of $10.90.

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

Insider Transactions at DiamondRock Hospitality

In other DiamondRock Hospitality news, CAO Steve Spierto sold 4,000 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $9.93, for a total value of $39,720.00. Following the completion of the sale, the chief accounting officer directly owned 77,977 shares in the company, valued at approximately $774,311.61. This trade represents a 4.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DRH. Summit Global Investments acquired a new stake in DiamondRock Hospitality in the 1st quarter valued at $590,000. Dimensional Fund Advisors LP lifted its position in shares of DiamondRock Hospitality by 1.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,972,171 shares of the real estate investment trust’s stock worth $27,850,000 after buying an additional 37,482 shares in the last quarter. Gallacher Capital Management LLC boosted its stake in shares of DiamondRock Hospitality by 5.8% in the 1st quarter. Gallacher Capital Management LLC now owns 27,509 shares of the real estate investment trust’s stock worth $258,000 after buying an additional 1,504 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of DiamondRock Hospitality by 11.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 104,150 shares of the real estate investment trust’s stock valued at $975,000 after acquiring an additional 10,772 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of DiamondRock Hospitality in the first quarter valued at approximately $326,000.

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.