DiamondRock Hospitality (NYSE:DRH) Releases Quarterly Earnings Results, Beats Estimates By $0.22 EPS

DiamondRock Hospitality (NYSE:DRH) posted its quarterly earnings data on Thursday. The real estate investment trust reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.22, Briefing.com reports. DiamondRock Hospitality had a return on equity of 4.04% and a net margin of 5.69%.During the same period in the prior year, the firm posted $0.35 EPS. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. DiamondRock Hospitality updated its FY 2026 guidance to 1.180-1.230 EPS.

DiamondRock Hospitality Trading Down 1.8%

Shares of DRH traded down $0.23 during midday trading on Thursday, hitting $12.91. The stock had a trading volume of 2,564,002 shares, compared to its average volume of 2,328,178. DiamondRock Hospitality has a fifty-two week low of $7.45 and a fifty-two week high of $13.24. The business has a 50-day simple moving average of $12.00 and a two-hundred day simple moving average of $10.60. The firm has a market cap of $2.64 billion, a P/E ratio of 51.64, a price-to-earnings-growth ratio of 4.50 and a beta of 0.98. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.70.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company raised their price objective on shares of DiamondRock Hospitality from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Thursday, July 23rd. Morgan Stanley increased their target price on shares of DiamondRock Hospitality from $9.60 to $10.00 and gave the company an “equal weight” rating in a research note on Friday, July 17th. LADENBURG THALM/SH SH raised their target price on shares of DiamondRock Hospitality from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Citigroup lifted their price target on shares of DiamondRock Hospitality from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 22nd. Finally, Truist Financial upped 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. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $12.12.

Insider Buying and Selling

In other news, Director Kathleen Merrill sold 20,000 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $1,001,899.80. The trade was a 19.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael A. Hartmeier sold 20,000 shares of the company’s stock in a transaction that occurred on 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 owned 95,354 shares of the company’s stock, valued at approximately $997,402.84. This trade represents a 17.34% decrease in their position. The SEC filing for this sale provides additional information. 0.90% of the stock is owned by insiders.

Institutional Investors Weigh In On DiamondRock Hospitality

A number of institutional investors have recently bought and sold shares of DRH. Danske Bank A S purchased a new position in DiamondRock Hospitality during the 3rd quarter valued at about $33,000. Global Retirement Partners LLC boosted its holdings in shares of DiamondRock Hospitality by 12,114.7% during the fourth quarter. Global Retirement Partners LLC now owns 4,153 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 4,119 shares during the period. State of Wyoming acquired a new stake in shares of DiamondRock Hospitality during the second quarter worth approximately $58,000. Smartleaf Asset Management LLC boosted its holdings in shares of DiamondRock Hospitality by 33.8% during the second quarter. Smartleaf Asset Management LLC now owns 9,294 shares of the real estate investment trust’s stock worth $72,000 after purchasing an additional 2,349 shares during the period. Finally, United Services Automobile Association purchased a new position in DiamondRock Hospitality during the first quarter valued at approximately $91,000.

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.