DiamondRock Hospitality (NYSE:DRH) Director Sells $209,200.00 in Stock

DiamondRock Hospitality Company (NYSE:DRH) Director Michael Hartmeier sold 20,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $10.46, for a total transaction of $209,200.00. Following the completion of the sale, the director directly 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

DiamondRock Hospitality Stock Performance

NYSE DRH opened at $10.30 on Friday. The stock has a market cap of $2.11 billion, a P/E ratio of 41.20, a PEG ratio of 4.50 and a beta of 0.99. The company’s 50-day simple moving average is $9.92 and its 200 day simple moving average is $9.44. DiamondRock Hospitality Company has a twelve month low of $7.31 and a twelve month high of $10.90. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.70.

DiamondRock Hospitality (NYSE:DRH) last posted its earnings results on Thursday, February 26th. The real estate investment trust reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The business had revenue of $274.53 million for the quarter, compared to analysts’ expectations 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 for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 earnings per share. DiamondRock Hospitality has set its FY 2026 guidance at 1.090-1.160 EPS. As a group, research analysts forecast that DiamondRock Hospitality Company will post 0.96 earnings per share for the current fiscal year.

DiamondRock Hospitality Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.36 dividend on an annualized basis and a yield of 3.5%. DiamondRock Hospitality’s payout ratio is presently 76.60%.

Institutional Trading of DiamondRock Hospitality

Several hedge funds have recently modified their holdings of the stock. State Street Corp grew its stake in shares of DiamondRock Hospitality by 0.8% during the second quarter. State Street Corp now owns 12,587,578 shares of the real estate investment trust’s stock valued at $97,400,000 after purchasing an additional 93,929 shares during the last quarter. Bank of America Corp DE grew its stake in shares of DiamondRock Hospitality by 17.5% during the second quarter. Bank of America Corp DE now owns 9,231,991 shares of the real estate investment trust’s stock valued at $70,717,000 after purchasing an additional 1,377,897 shares during the last quarter. Alyeska Investment Group L.P. grew its stake in shares of DiamondRock Hospitality by 5.5% during the third quarter. Alyeska Investment Group L.P. now owns 9,152,343 shares of the real estate investment trust’s stock valued at $72,853,000 after purchasing an additional 475,611 shares during the last quarter. Centersquare Investment Management LLC grew its stake in shares of DiamondRock Hospitality by 3.2% during the fourth quarter. Centersquare Investment Management LLC now owns 7,780,988 shares of the real estate investment trust’s stock valued at $69,718,000 after purchasing an additional 244,013 shares during the last quarter. Finally, Cohen & Steers Inc. bought a new stake in shares of DiamondRock Hospitality during the fourth quarter valued at approximately $59,231,000.

Analysts Set New Price Targets

A number of research firms recently weighed in on DRH. Morgan Stanley upped their target price on shares of DiamondRock Hospitality from $9.50 to $9.60 and gave the company an “equal weight” rating in a research note on Tuesday. LADENBURG THALM/SH SH began coverage on shares of DiamondRock Hospitality in a research note on Thursday, March 26th. They issued a “buy” rating and a $12.00 target price on the stock. Stifel Nicolaus upped their target price on shares of DiamondRock Hospitality from $11.00 to $11.25 and gave the company a “hold” rating in a research note on Monday, May 11th. Citigroup upped their target price on shares of DiamondRock Hospitality from $9.50 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company upped their target price on shares of DiamondRock Hospitality from $10.00 to $11.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, DiamondRock Hospitality presently has a consensus rating of “Hold” and a consensus target price of $10.87.

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.