DiamondRock Hospitality Company (NYSE:DRH) Stock Has Consensus Price Target of $12.82 According to Analysts

Shares of DiamondRock Hospitality Company (NYSE:DRH) have been assigned an average recommendation of “Hold” from the eleven analysts that are currently covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $12.82.

DRH has been the subject of several analyst reports. Wells Fargo & Company boosted their price objective on DiamondRock Hospitality from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 23rd. Bank of America raised their target price on DiamondRock Hospitality from $12.50 to $13.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Morgan Stanley lifted their target price on DiamondRock Hospitality from $10.00 to $11.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 18th. Citigroup boosted their price target on DiamondRock Hospitality from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 22nd. Finally, Stifel Nicolaus boosted their price target on DiamondRock Hospitality from $12.50 to $13.25 and gave the stock a “hold” rating in a research report on Friday, July 31st.

DiamondRock Hospitality Trading Up 0.2%

Shares of NYSE:DRH opened at $12.62 on Tuesday. The company has a market cap of $2.58 billion, a PE ratio of 50.48, a P/E/G ratio of 4.50 and a beta of 1.01. The company’s 50-day moving average price is $12.45 and its 200 day moving average price is $11.61. DiamondRock Hospitality has a fifty-two week low of $7.47 and a fifty-two week high of $13.79. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.70.

DiamondRock Hospitality (NYSE:DRH) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.44 EPS for the quarter, topping the consensus estimate of $0.22 by $0.22. DiamondRock Hospitality had a net margin of 5.69% and a return on equity of 4.04%. The firm had revenue of $318.29 million during the quarter, compared to analysts’ expectations of $314.98 million. During the same quarter in the prior year, the firm earned $0.35 EPS. DiamondRock Hospitality’s quarterly revenue was up 4.1% on a year-over-year basis. DiamondRock Hospitality has set its FY 2026 guidance at 1.180-1.230 EPS. 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 declared a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.5%. This is a positive change from DiamondRock Hospitality’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Wednesday, September 30th. DiamondRock Hospitality’s dividend payout ratio is 60.27%.

Institutional Investors Weigh In On DiamondRock Hospitality

Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in DiamondRock Hospitality during the 2nd quarter valued at about $475,282,000. Bank of America Corp DE acquired a new stake in shares of DiamondRock Hospitality in the 2nd quarter worth approximately $129,710,000. Centersquare Investment Management LLC boosted its holdings in shares of DiamondRock Hospitality by 3.2% in the fourth 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 acquiring an additional 244,013 shares in the last quarter. Cohen & Steers Inc. bought a new position in shares of DiamondRock Hospitality in the fourth quarter valued at approximately $59,231,000. Finally, SG Americas Securities LLC raised its holdings in DiamondRock Hospitality by 106.1% during the first quarter. SG Americas Securities LLC now owns 4,172,671 shares of the real estate investment trust’s stock worth $39,098,000 after purchasing an additional 2,147,881 shares in the last quarter.

DiamondRock Hospitality Company Profile

DiamondRock Hospitality Company (NYSE: DRH) is a self-advised real estate investment trust that owns a portfolio of upscale and luxury hotels and resorts in the United States. The company focuses on acquiring, owning and strategically managing lodging properties in major gateway markets, destination resorts and other high-demand locations.

DiamondRock’s portfolio includes full-service hotels operating under nationally recognized brands such as Marriott, Hilton and Hyatt, as well as independent and boutique properties.