DiamondRock Hospitality Company (NYSE:DRH) Stock Has Average Price Target of $13.03

DiamondRock Hospitality Company (NYSE:DRH) has earned an average rating of “Hold” from the eleven ratings firms that are currently covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $13.03.

A number of research firms have issued reports on DRH. Stifel Nicolaus raised their price target on shares of DiamondRock Hospitality from $12.50 to $13.25 and gave the stock a “hold” rating in a research report on Friday, July 31st. Wells Fargo & Company lifted their price objective on shares of DiamondRock Hospitality from $13.00 to $14.00 and gave the company an “equal weight” rating in a research report on Monday, October 26th. Truist Financial raised their price target on shares of DiamondRock Hospitality from $12.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, September 10th. Bank of America raised their price target on shares of DiamondRock Hospitality from $12.50 to $13.00 and gave the company a “buy” rating in a report on Monday, July 20th. Finally, Zacks Research downgraded shares of DiamondRock Hospitality from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th.

Institutional Investors Weigh In On DiamondRock Hospitality

Large investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of DiamondRock Hospitality during the 2nd quarter worth approximately $475,282,000. Bank of America Corp DE bought a new stake in DiamondRock Hospitality during the 2nd quarter worth about $129,710,000. Dimensional Fund Advisors LP increased its stake in shares of DiamondRock Hospitality by 1.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,972,171 shares of the real estate investment trust’s stock worth $27,850,000 after purchasing an additional 37,482 shares during the last quarter. Pzena Investment Management LLC bought a new position in DiamondRock Hospitality during the second quarter worth $34,464,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in DiamondRock Hospitality by 4.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,412,052 shares of the real estate investment trust’s stock valued at $22,601,000 after acquiring an additional 91,672 shares during the period.

Key Stories Impacting DiamondRock Hospitality

Here are the key news stories impacting DiamondRock Hospitality this week:

• Positive Sentiment: DiamondRock raised its 2026 RevPAR growth outlook to 4.75%–5.25%, with adjusted EBITDA projected at $322 million–$327 million. The earnings call also pointed to broad-based growth, supporting the case for continued hotel operating momentum. Raised 2026 guidance Earnings call highlights
• Positive Sentiment: Third-quarter revenue was $297.6 million, above the $292.1 million analyst estimate, while EPS of $0.16 also edged past the $0.15 consensus. Revenue grew 4.3% year over year. Third-quarter results
• Neutral Sentiment: Third-quarter FFO of $0.32 per share matched consensus, although it was higher than $0.29 a year earlier. The projected 2026 AFFO range of $1.24–$1.26 per share is around the FactSet estimate. Q3 FFO results 2026 AFFO outlook
• Negative Sentiment: EPS fell from $0.29 in the year-ago quarter to $0.16, tempering the quarterly beat and signaling that year-over-year earnings comparisons remain a headwind. Quarterly earnings report

DiamondRock Hospitality Trading Up 0.8%

Shares of DiamondRock Hospitality stock opened at $14.63 on Friday. The company’s 50-day moving average price is $12.89 and its 200-day moving average price is $11.38. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.70. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 58.52, a PEG ratio of 4.50 and a beta of 1.04. DiamondRock Hospitality has a 12-month low of $7.93 and a 12-month high of $14.67.

DiamondRock Hospitality (NYSE:DRH) last released its quarterly earnings results on Tuesday, November 3rd. The real estate investment trust reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.01. DiamondRock Hospitality had a return on equity of 4.04% and a net margin of 5.69%. The firm had revenue of $297.60 million for the quarter, compared to analysts’ expectations of $292.08 million. During the same period in the prior year, the firm earned $0.29 EPS. The company’s revenue was up 4.3% compared to the same quarter last year. On average, equities analysts expect that DiamondRock Hospitality will post 0.96 earnings per share for the current fiscal year.

DiamondRock Hospitality Company Profile

DiamondRock Hospitality Company (NYSE: DRH) is a self-advised real estate investment trust that owns a portfolio of hotels and resort properties in the United States. The company focuses on lodging real estate in leisure destinations and gateway markets, with properties serving business travelers, vacationers, and group customers.

DiamondRock’s portfolio includes hotels operated under nationally recognized brands as well as independent and boutique properties. Its business activities include acquiring, owning, leasing, and strategically managing hospitality real estate, while day-to-day hotel operations are generally carried out by third-party management companies and brand operators.

The company was formed in 2004 through a spin-off from Marriott International and is headquartered in Bethesda, Maryland.