DiamondRock Hospitality (NYSE:DRH) Price Target Raised to $14.00

DiamondRock Hospitality (NYSE:DRH) had its price target raised by Barclays from $12.00 to $14.00 in a research report report published on Thursday,Benzinga reports. The firm currently has an equal weight rating on the real estate investment trust’s stock.

Other equities analysts have also recently issued research reports about the stock. Citigroup boosted their price objective on shares of DiamondRock Hospitality from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. Morgan Stanley raised their target price on DiamondRock Hospitality from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 18th. Truist Financial boosted their price target on DiamondRock Hospitality from $11.00 to $12.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Wells Fargo & Company upped their price target on DiamondRock Hospitality from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Thursday, July 23rd. Finally, Bank of America increased their price objective on DiamondRock Hospitality from $12.50 to $13.00 and gave the stock a “buy” rating in a report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, DiamondRock Hospitality presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.53.

DiamondRock Hospitality Stock Performance

Shares of DRH stock opened at $12.70 on Thursday. 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 $7.47 and a fifty-two week high of $13.79. The stock has a 50 day moving average price of $12.49 and a two-hundred day moving average price of $11.08. The company has a market capitalization of $2.60 billion, a P/E ratio of 50.80, a PEG ratio of 4.50 and a beta of 0.98.

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

DiamondRock Hospitality Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be given a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.44 annualized dividend and a dividend yield of 3.5%. This is a positive change from DiamondRock Hospitality’s previous quarterly dividend of $0.09. DiamondRock Hospitality’s dividend payout ratio is 60.27%.

Insider Buying and Selling at DiamondRock Hospitality

In other news, Director Kathleen Merrill sold 20,000 shares of DiamondRock Hospitality stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $11.88, for a total transaction of $237,600.00. Following the sale, the director owned 84,335 shares of the company’s stock, valued at approximately $1,001,899.80. The trade was a 19.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.90% of the company’s stock.

Institutional Trading of DiamondRock Hospitality

Several institutional investors and hedge funds have recently bought and sold shares of DRH. ProShare Advisors LLC increased its holdings in DiamondRock Hospitality by 3.1% during the fourth quarter. ProShare Advisors LLC now owns 40,041 shares of the real estate investment trust’s stock valued at $359,000 after buying an additional 1,203 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of DiamondRock Hospitality by 77.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,436 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 1,498 shares during the period. Gallacher Capital Management LLC increased 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 purchasing an additional 1,504 shares in the last quarter. Ancora Advisors LLC raised its holdings in DiamondRock Hospitality by 0.3% in the 2nd quarter. Ancora Advisors LLC now owns 496,340 shares of the real estate investment trust’s stock worth $6,045,000 after purchasing an additional 1,630 shares during the period. Finally, Metis Global Partners LLC lifted its position 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 valued at $432,000 after purchasing an additional 1,667 shares in the last quarter.

About DiamondRock Hospitality

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.