DiamondRock Hospitality Company (NYSE:DRH) Receives Consensus Recommendation of “Hold” from Analysts

DiamondRock Hospitality Company (NYSE:DRH) has earned an average recommendation of “Hold” from the nine ratings firms that are presently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $9.9063.

A number of equities analysts have commented on DRH shares. Weiss Ratings restated a “hold (c)” rating on shares of DiamondRock Hospitality in a research report on Wednesday, October 8th. Wells Fargo & Company boosted their price target on shares of DiamondRock Hospitality from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Monday, December 1st. Morgan Stanley cut their price target on shares of DiamondRock Hospitality from $9.00 to $8.50 and set an “equal weight” rating for the company in a report on Wednesday, October 22nd. Barclays assumed coverage on DiamondRock Hospitality in a report on Tuesday, January 6th. They issued an “equal weight” rating and a $10.00 price objective on the stock. Finally, Evercore ISI boosted their target price on DiamondRock Hospitality from $9.00 to $10.00 and gave the stock an “in-line” rating in a research report on Thursday, November 20th.

DiamondRock Hospitality Trading Up 0.5%

NYSE DRH opened at $9.23 on Thursday. The firm’s fifty day moving average is $9.16 and its two-hundred day moving average is $8.50. DiamondRock Hospitality has a one year low of $6.18 and a one year high of $9.82. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.64 and a current ratio of 1.64. The firm has a market cap of $1.88 billion, a PE ratio of 36.92, a P/E/G ratio of 4.50 and a beta of 1.03.

DiamondRock Hospitality (NYSE:DRH) last posted its quarterly earnings data on Thursday, November 6th. The real estate investment trust reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.04. The company had revenue of $285.38 million during the quarter, compared to analysts’ expectations of $277.45 million. DiamondRock Hospitality had a return on equity of 4.04% and a net margin of 5.69%.The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the firm earned $0.27 EPS. DiamondRock Hospitality has set its FY 2025 guidance at 1.020-1.06 EPS. Analysts expect that DiamondRock Hospitality will post 0.96 earnings per share for the current year.

DiamondRock Hospitality Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st were issued a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.32 dividend on an annualized basis and a yield of 3.5%. DiamondRock Hospitality’s dividend payout ratio (DPR) is 128.00%.

Institutional Investors Weigh In On DiamondRock Hospitality

A number of institutional investors and hedge funds have recently modified their holdings of the company. First Horizon Corp raised its position in shares of DiamondRock Hospitality by 54.9% during the 4th quarter. First Horizon Corp now owns 3,214 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 1,139 shares during the last quarter. Danske Bank A S purchased a new position in DiamondRock Hospitality during the third quarter worth $33,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of DiamondRock Hospitality by 32.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,990 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 1,470 shares during the last quarter. State of Wyoming purchased a new stake in shares of DiamondRock Hospitality in the second quarter valued at $58,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of DiamondRock Hospitality by 33.8% in the second quarter. Smartleaf Asset Management LLC now owns 9,294 shares of the real estate investment trust’s stock valued at $72,000 after acquiring an additional 2,349 shares in the last quarter.

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.