DiamondRock Hospitality (NYSE:DRH) Upgraded at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of DiamondRock Hospitality (NYSE:DRH) from a hold rating to a buy rating in a report published on Tuesday morning, MarketBeat Ratings reports. They currently have $12.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $10.00.

Other equities research analysts have also issued reports about the company. Truist Financial upgraded DiamondRock Hospitality from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $10.00 to $11.00 in a research report on Friday, January 9th. Evercore ISI boosted their price objective on shares of DiamondRock Hospitality from $9.00 to $10.00 and gave the company an “in-line” rating in a research report on Thursday, November 20th. Morgan Stanley dropped their target price on shares of DiamondRock Hospitality from $9.00 to $8.50 and set an “equal weight” rating for the company in a research report on Wednesday, October 22nd. Barclays assumed coverage on shares of DiamondRock Hospitality in a research note on Tuesday, January 6th. They set an “equal weight” rating and a $10.00 target price on the stock. Finally, Wells Fargo & Company increased 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. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $9.91.

DiamondRock Hospitality Stock Up 0.9%

Shares of DiamondRock Hospitality stock opened at $9.30 on Tuesday. The company’s 50 day moving average price is $9.07 and its 200-day moving average price is $8.38. DiamondRock Hospitality has a 52-week low of $6.18 and a 52-week high of $9.49. 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 capitalization of $1.89 billion, a price-to-earnings ratio of 37.20, a P/E/G ratio of 4.50 and a beta of 1.03.

DiamondRock Hospitality (NYSE:DRH) last released its quarterly earnings data on Thursday, November 6th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. The firm had revenue of $285.38 million for the quarter, compared to analysts’ expectations of $277.45 million. DiamondRock Hospitality had a net margin of 5.69% and a return on equity of 4.04%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.27 earnings per share. DiamondRock Hospitality has set its FY 2025 guidance at 1.020-1.06 EPS. Equities research analysts forecast that DiamondRock Hospitality will post 0.96 EPS for the current year.

DiamondRock Hospitality Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st were paid a $0.08 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $0.32 annualized dividend and a dividend yield of 3.4%. DiamondRock Hospitality’s dividend payout ratio is presently 128.00%.

Institutional Investors Weigh In On DiamondRock Hospitality

Institutional investors have recently modified their holdings of the stock. Danske Bank A S bought a new position in shares of DiamondRock Hospitality during the third quarter valued at $33,000. State of Wyoming purchased a new stake in DiamondRock Hospitality during the 2nd quarter valued at about $58,000. Smartleaf Asset Management LLC increased its stake in DiamondRock Hospitality by 33.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 9,294 shares of the real estate investment trust’s stock valued at $72,000 after purchasing an additional 2,349 shares in the last quarter. Profund Advisors LLC purchased a new position in DiamondRock Hospitality in the second quarter worth about $79,000. Finally, GAMMA Investing LLC raised its holdings in DiamondRock Hospitality by 372.6% in the second quarter. GAMMA Investing LLC now owns 10,927 shares of the real estate investment trust’s stock worth $84,000 after buying an additional 8,615 shares during 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.