DiamondRock Hospitality (NYSE:DRH) Updates FY 2026 Earnings Guidance

DiamondRock Hospitality (NYSE:DRH) updated its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.180-1.230 for the period, compared to the consensus earnings per share estimate of 1.090. The company issued revenue guidance of -.

DiamondRock Hospitality Stock Up 2.6%

Shares of NYSE DRH traded up $0.33 during trading on Friday, hitting $13.24. 4,563,058 shares of the company traded hands, compared to its average volume of 2,338,021. The business’s fifty day moving average is $12.00 and its 200 day moving average is $10.60. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 52.96, a P/E/G ratio of 4.50 and a beta of 0.98. 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 fifty-two week low of $7.45 and a fifty-two week high of $13.48.

DiamondRock Hospitality (NYSE:DRH) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.22. The business had revenue of $318.29 million during the quarter, compared to the consensus estimate of $314.98 million. DiamondRock Hospitality had a return on equity of 4.04% and a net margin of 5.69%.The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 EPS. DiamondRock Hospitality has set its FY 2026 guidance at 1.180-1.230 EPS. Equities research analysts predict that DiamondRock Hospitality will post 0.96 earnings per share for the current fiscal year.

DiamondRock Hospitality Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be paid a $0.11 dividend. The ex-dividend date is Wednesday, September 30th. This is a boost from DiamondRock Hospitality’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a dividend yield of 3.3%. DiamondRock Hospitality’s dividend payout ratio is presently 76.60%.

Analyst Ratings Changes

DRH has been the subject of several analyst reports. Wells Fargo & Company raised their price objective on shares of DiamondRock Hospitality from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Truist Financial lifted their target price on shares of DiamondRock Hospitality from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Citigroup upped their price objective on shares of DiamondRock Hospitality from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. Stifel Nicolaus boosted their target price on DiamondRock Hospitality from $12.50 to $13.25 and gave the company a “hold” rating in a research note on Friday. Finally, 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 report on Monday, July 20th. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $12.22.

Insider Buying and Selling

In related news, Director Michael A. Hartmeier sold 20,000 shares of DiamondRock Hospitality stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $10.46, for a total transaction of $209,200.00. Following the transaction, the director owned 95,354 shares in the company, valued at approximately $997,402.84. The trade was a 17.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kathleen Merrill sold 20,000 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $11.88, for a total transaction of $237,600.00. Following the completion of the transaction, the director directly owned 84,335 shares of the company’s stock, valued at $1,001,899.80. This represents a 19.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.90% of the stock is currently owned by company insiders.

DiamondRock Hospitality News Roundup

Here are the key news stories impacting DiamondRock Hospitality this week:

• Positive Sentiment: Quarterly earnings surpassed expectations. Second-quarter EPS/FFO was $0.44, well above the $0.22 consensus EPS estimate and the $0.37 FFO estimate. Revenue reached $318.29 million, exceeding expectations of $314.98 million and increasing 4.1% year over year. DiamondRock Hospitality Q2 earnings results
• Positive Sentiment: Management raised 2026 guidance. DiamondRock now expects full-year EPS of $1.18-$1.23, above the previous consensus estimate of $1.09, signaling increased confidence in its hotel and resort portfolio. DiamondRock Hospitality reports second-quarter 2026 results
• Positive Sentiment: The quarterly dividend was increased. The new $0.11-per-share dividend represents a 22.2% increase from $0.09 and provides an annualized yield of approximately 3.3%, enhancing the stock’s income appeal. DiamondRock dividend announcement
• Neutral Sentiment: Stifel raised its price target to $13.25 but retained a Hold rating. The higher target reflects the improved outlook, although the rating suggests the analyst sees limited additional upside after the stock’s recent advance. Stifel price-target update

Institutional Trading of DiamondRock Hospitality

Several institutional investors and hedge funds have recently added to or reduced their stakes in DRH. Metis Global Partners LLC grew its holdings in DiamondRock Hospitality by 3.6% during the fourth quarter. Metis Global Partners LLC now owns 48,193 shares of the real estate investment trust’s stock worth $432,000 after acquiring an additional 1,667 shares during the period. Lazard Asset Management LLC increased its holdings in shares of DiamondRock Hospitality by 3.1% during the 3rd quarter. Lazard Asset Management LLC now owns 60,199 shares of the real estate investment trust’s stock valued at $479,000 after purchasing an additional 1,806 shares in the last quarter. M&T Bank Corp lifted its stake in shares of DiamondRock Hospitality by 9.4% in the 2nd quarter. M&T Bank Corp now owns 21,298 shares of the real estate investment trust’s stock valued at $163,000 after purchasing an additional 1,833 shares during the period. Daiwa Securities Group Inc. boosted its holdings in DiamondRock Hospitality by 2.7% during the second quarter. Daiwa Securities Group Inc. now owns 72,809 shares of the real estate investment trust’s stock worth $558,000 after buying an additional 1,880 shares in the last quarter. Finally, State of Wyoming increased its holdings in DiamondRock Hospitality by 9.0% in the fourth quarter. State of Wyoming now owns 24,658 shares of the real estate investment trust’s stock valued at $221,000 after buying an additional 2,044 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.