DiamondRock Hospitality (NYSE:DRH) Now Covered by LADENBURG THALM/SH SH

LADENBURG THALM/SH SH started coverage on shares of DiamondRock Hospitality (NYSE:DRH) in a report issued on Thursday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $12.00 target price on the real estate investment trust’s stock.

A number of other equities analysts also recently commented on DRH. 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 for the company. Truist Financial upgraded DiamondRock Hospitality from a “hold” rating to a “buy” rating and upped their price target for the stock from $10.00 to $11.00 in a research note on Friday, January 9th. Deutsche Bank Aktiengesellschaft upgraded shares of DiamondRock Hospitality from a “hold” rating to a “buy” rating and raised their price objective for the company from $10.00 to $12.00 in a research note on Tuesday, January 13th. Finally, Wells Fargo & Company boosted their price target on DiamondRock Hospitality from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Monday, December 1st. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $10.14.

DiamondRock Hospitality Trading Up 0.3%

Shares of DRH stock opened at $9.59 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.64 and a quick ratio of 1.64. DiamondRock Hospitality has a 1-year low of $6.18 and a 1-year high of $10.67. The business has a 50-day moving average of $9.61 and a 200 day moving average of $8.93. The stock has a market capitalization of $1.96 billion, a PE ratio of 38.36, a P/E/G ratio of 4.50 and a beta of 0.98.

DiamondRock Hospitality (NYSE:DRH) last released its quarterly earnings data on Thursday, February 26th. The real estate investment trust reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The firm had revenue of $274.53 million during 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 business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.24 earnings per share. DiamondRock Hospitality has set its FY 2026 guidance at 1.090-1.160 EPS. As a group, sell-side analysts anticipate that DiamondRock Hospitality will post 0.96 earnings per share for the current year.

DiamondRock Hospitality Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 31st will be given a $0.09 dividend. The ex-dividend date is Tuesday, March 31st. This is a positive change from DiamondRock Hospitality’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a dividend yield of 3.8%. DiamondRock Hospitality’s dividend payout ratio (DPR) is presently 81.82%.

Insider Buying and Selling at DiamondRock Hospitality

In related news, CAO Steve Spierto sold 4,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $774,311.61. This trade represents a 4.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DRH. Cohen & Steers Inc. purchased a new stake in DiamondRock Hospitality during the 4th quarter valued at approximately $59,231,000. JPMorgan Chase & Co. lifted its holdings in shares of DiamondRock Hospitality by 106.3% in the second quarter. JPMorgan Chase & Co. now owns 5,412,002 shares of the real estate investment trust’s stock worth $41,456,000 after buying an additional 2,788,022 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of DiamondRock Hospitality by 907.2% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,292,360 shares of the real estate investment trust’s stock worth $20,540,000 after acquiring an additional 2,064,760 shares during the last quarter. SG Americas Securities LLC grew its stake in DiamondRock Hospitality by 881.7% during the fourth quarter. SG Americas Securities LLC now owns 2,024,790 shares of the real estate investment trust’s stock valued at $18,142,000 after acquiring an additional 1,818,527 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in DiamondRock Hospitality by 469.0% during the third quarter. Qube Research & Technologies Ltd now owns 2,002,863 shares of the real estate investment trust’s stock valued at $15,943,000 after acquiring an additional 1,650,871 shares in 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.