DiamondRock Hospitality Company (NYSE:DRH) Receives $9.91 Average PT from Analysts

DiamondRock Hospitality Company (NYSE:DRH) has earned a consensus rating of “Hold” from the nine analysts that are currently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $9.9063.

Several brokerages recently issued reports on DRH. Evercore ISI raised their target price on DiamondRock Hospitality from $9.00 to $10.00 and gave the stock an “in-line” rating in a research report on Thursday, November 20th. Morgan Stanley reduced their price target on DiamondRock Hospitality from $9.00 to $8.50 and set an “equal weight” rating on the stock in a research report on Wednesday, October 22nd. Weiss Ratings restated a “hold (c)” rating on shares of DiamondRock Hospitality in a research report on Wednesday, October 8th. Wells Fargo & Company lifted their price objective on DiamondRock Hospitality from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Monday, December 1st. Finally, Barclays initiated coverage on DiamondRock Hospitality in a report on Tuesday, January 6th. They issued an “equal weight” rating and a $10.00 target price on the stock.

Hedge Funds Weigh In On DiamondRock Hospitality

Hedge funds and other institutional investors have recently bought and sold shares of the company. First Horizon Corp boosted its position in 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 valued at $29,000 after acquiring an additional 1,139 shares during the last quarter. Danske Bank A S acquired a new position in shares of DiamondRock Hospitality in the 3rd quarter valued at about $33,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of DiamondRock Hospitality by 32.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,990 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 1,470 shares in the last quarter. State of Wyoming bought a new stake in shares of DiamondRock Hospitality during the 2nd quarter valued at about $58,000. Finally, Smartleaf Asset Management LLC grew its stake in DiamondRock Hospitality by 33.8% during the second quarter. Smartleaf Asset Management LLC now owns 9,294 shares of the real estate investment trust’s stock worth $72,000 after purchasing an additional 2,349 shares during the period.

DiamondRock Hospitality Stock Performance

DiamondRock Hospitality stock opened at $9.18 on Thursday. The business has a 50 day moving average of $9.15 and a 200-day moving average of $8.49. The company has a market capitalization of $1.87 billion, a P/E ratio of 36.72, a P/E/G ratio of 4.50 and a beta of 1.03. DiamondRock Hospitality has a 1 year low of $6.18 and a 1 year high of $9.82. 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 (NYSE:DRH) last announced its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.04. The firm had revenue of $285.38 million during 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 was up .1% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 EPS. DiamondRock Hospitality has set its FY 2025 guidance at 1.020-1.06 EPS. On average, equities research analysts predict that DiamondRock Hospitality will post 0.96 earnings per share for the current year.

DiamondRock Hospitality Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.08 per share. The ex-dividend date was Wednesday, December 31st. This represents a $0.32 annualized dividend and a dividend yield of 3.5%. DiamondRock Hospitality’s dividend payout ratio is 128.00%.

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.