Wells Fargo & Company Boosts DiamondRock Hospitality (NYSE:DRH) Price Target to $11.00

DiamondRock Hospitality (NYSE:DRH) had its price objective boosted by equities researchers at Wells Fargo & Company from $10.00 to $11.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s target price points to a potential upside of 8.48% from the stock’s current price.

DRH has been the topic of a number of other reports. Morgan Stanley lifted their price objective on shares of DiamondRock Hospitality from $9.00 to $9.50 and gave the company an “equal weight” rating in a research note on Friday, April 10th. Barclays started coverage on shares of DiamondRock Hospitality in a research note on Tuesday, January 6th. They issued an “equal weight” rating and a $10.00 price objective on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of DiamondRock Hospitality from a “hold” rating to a “buy” rating and raised their target price for the company from $10.00 to $12.00 in a research report on Tuesday, January 13th. Truist Financial upgraded shares of DiamondRock Hospitality from a “hold” rating to a “buy” rating and raised their target price for the company from $10.00 to $11.00 in a research report on Friday, January 9th. Finally, LADENBURG THALM/SH SH started coverage on shares of DiamondRock Hospitality in a research report on Thursday, March 26th. They issued a “buy” rating and a $12.00 target price on the stock. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $10.36.

DiamondRock Hospitality Stock Up 0.5%

Shares of DRH opened at $10.14 on Wednesday. DiamondRock Hospitality has a 12 month low of $7.02 and a 12 month high of $10.67. The firm’s 50 day moving average is $9.79 and its 200-day moving average is $9.16. The stock has a market capitalization of $2.08 billion, a PE ratio of 40.56, a P/E/G ratio of 4.50 and a beta of 0.99. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.70.

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

Insiders Place Their Bets

In related news, CAO Steve Spierto sold 4,000 shares of DiamondRock Hospitality stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $9.93, for a total transaction of $39,720.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On DiamondRock Hospitality

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC grew its holdings in shares of DiamondRock Hospitality by 223.2% during the first quarter. AQR Capital Management LLC now owns 65,376 shares of the real estate investment trust’s stock valued at $505,000 after buying an additional 45,146 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of 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 valued at $955,000 after buying an additional 5,971 shares during the last quarter. United Services Automobile Association acquired a new position in shares of DiamondRock Hospitality during the first quarter valued at about $91,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew 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 valued at $10,251,000 after buying an additional 48,558 shares during the last quarter. Finally, Creative Planning acquired a new position in shares of DiamondRock Hospitality during the second quarter valued at about $99,000.

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.