DiamondRock Hospitality (NYSE:DRH) Price Target Raised to $11.25

DiamondRock Hospitality (NYSE:DRH) had its price target upped by Stifel Nicolaus from $11.00 to $11.25 in a research note published on Monday,Benzinga reports. They currently have a hold rating on the real estate investment trust’s stock.

Several other equities analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft raised DiamondRock Hospitality from a “hold” rating to a “buy” rating and boosted their price target for the company from $10.00 to $12.00 in a research note on Tuesday, January 13th. Citigroup boosted their price target on DiamondRock Hospitality from $9.50 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. LADENBURG THALM/SH SH initiated coverage on DiamondRock Hospitality in a research note on Thursday, March 26th. They issued a “buy” rating and a $12.00 price target on the stock. Wells Fargo & Company boosted their price target on DiamondRock Hospitality from $10.00 to $11.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. Finally, Morgan Stanley boosted their price target on DiamondRock Hospitality from $9.00 to $9.50 and gave the company an “equal weight” rating in a research note on Friday, April 10th. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $10.87.

DiamondRock Hospitality Price Performance

DiamondRock Hospitality stock opened at $10.47 on Monday. The stock’s 50 day moving average is $9.90 and its 200 day moving average is $9.41. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a market cap of $2.14 billion, a P/E ratio of 41.88, a P/E/G ratio of 4.50 and a beta of 0.99. DiamondRock Hospitality has a one year low of $7.31 and a one year high of $10.90.

DiamondRock Hospitality (NYSE:DRH) last posted its quarterly earnings data on Thursday, February 26th. The real estate investment trust reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The company had revenue of $274.53 million for the quarter, compared to analyst estimates of $273.18 million. DiamondRock Hospitality had a return on equity of 4.04% and a net margin of 5.69%.The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 earnings per share. DiamondRock Hospitality has set its FY 2026 guidance at 1.090-1.160 EPS. As a group, research analysts expect that DiamondRock Hospitality will post 0.96 EPS for the current year.

DiamondRock Hospitality Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Tuesday, June 30th. DiamondRock Hospitality’s payout ratio is 76.60%.

Insiders Place Their Bets

In related news, Director Michael A. Hartmeier sold 20,000 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $10.46, for a total value of $209,200.00. Following the completion of the sale, the director directly owned 95,354 shares of the company’s stock, valued at approximately $997,402.84. This represents a 17.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Steve Spierto sold 4,000 shares of the stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $9.93, for a total value of $39,720.00. Following the completion of the sale, the chief accounting officer directly owned 77,977 shares of the company’s stock, valued at $774,311.61. The trade was a 4.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On DiamondRock Hospitality

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp raised its position in DiamondRock Hospitality by 0.8% in the 2nd quarter. State Street Corp now owns 12,587,578 shares of the real estate investment trust’s stock valued at $97,400,000 after buying an additional 93,929 shares during the last quarter. Bank of America Corp DE raised its position in DiamondRock Hospitality by 17.5% in the 2nd 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 buying an additional 1,377,897 shares during the last quarter. Alyeska Investment Group L.P. raised its position in DiamondRock Hospitality by 5.5% in the 3rd 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 buying an additional 475,611 shares during the last quarter. Centersquare Investment Management LLC raised its position in DiamondRock Hospitality by 3.2% in the 4th 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 buying an additional 244,013 shares during the last quarter. Finally, Cohen & Steers Inc. purchased a new stake in DiamondRock Hospitality in the 4th quarter valued at $59,231,000.

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.