DiamondRock Hospitality (NYSE:DRH) Earns Buy Rating from Analysts at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH initiated coverage on shares of DiamondRock Hospitality (NYSE:DRH) in a research report issued to clients and investors on Thursday. The brokerage set a “buy” rating and a $12.00 price target on the real estate investment trust’s stock. LADENBURG THALM/SH SH’s price target points to a potential upside of 25.52% from the company’s previous close.

Several other brokerages have also issued reports on DRH. Deutsche Bank Aktiengesellschaft upgraded shares of DiamondRock Hospitality from a “hold” rating to a “buy” rating and lifted their price target for the company from $10.00 to $12.00 in a research note on Tuesday, January 13th. Truist Financial raised DiamondRock Hospitality from a “hold” rating to a “buy” rating and lifted their target price for the company from $10.00 to $11.00 in a research report on Friday, January 9th. Barclays started coverage on DiamondRock Hospitality in a report on Tuesday, January 6th. They set an “equal weight” rating and a $10.00 target price on the stock. Finally, Wells Fargo & Company raised their price target on DiamondRock Hospitality from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Monday, December 1st. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $10.14.

DiamondRock Hospitality Stock Up 1.3%

NYSE:DRH opened at $9.56 on Thursday. The stock has a 50-day simple moving average of $9.61 and a 200 day simple moving average of $8.92. DiamondRock Hospitality has a 52-week low of $6.18 and a 52-week high of $10.67. The company has a market cap of $1.96 billion, a PE ratio of 38.24, a PEG 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 (NYSE:DRH) last issued its quarterly earnings results on Thursday, February 26th. The real estate investment trust reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. DiamondRock Hospitality had a net margin of 5.69% and a return on equity of 4.04%. The company had revenue of $274.53 million during the quarter, compared to analysts’ expectations of $273.18 million. During the same period last year, the business earned $0.24 EPS. The business’s quarterly revenue was down 1.6% on a year-over-year basis. DiamondRock Hospitality has set its FY 2026 guidance at 1.090-1.160 EPS. On average, sell-side analysts expect that DiamondRock Hospitality will post 0.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other DiamondRock Hospitality news, CAO Steve Spierto sold 4,000 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $9.93, for a total transaction of $39,720.00. Following the completion of the sale, the chief accounting officer owned 77,977 shares of the company’s stock, valued at $774,311.61. This trade represents a 4.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.90% of the company’s stock.

Institutional Trading of DiamondRock Hospitality

A number of hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC boosted its holdings in shares of DiamondRock Hospitality by 223.2% during the 1st quarter. AQR Capital Management LLC now owns 65,376 shares of the real estate investment trust’s stock worth $505,000 after buying an additional 45,146 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in DiamondRock Hospitality by 5.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 123,672 shares of the real estate investment trust’s stock worth $955,000 after acquiring an additional 5,971 shares during the last quarter. United Services Automobile Association acquired a new stake in DiamondRock Hospitality during the first quarter worth approximately $91,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of DiamondRock Hospitality by 3.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,327,841 shares of the real estate investment trust’s stock worth $10,251,000 after acquiring an additional 48,558 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey grew its position in shares of DiamondRock Hospitality by 4.7% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 47,102 shares of the real estate investment trust’s stock valued at $361,000 after purchasing an additional 2,129 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.