DiamondRock Hospitality (NYSE:DRH) Price Target Raised to $13.25

DiamondRock Hospitality (NYSE:DRH) had its price objective hoisted by stock analysts at Stifel Nicolaus from $12.50 to $13.25 in a report released on Friday,Benzinga reports. The firm presently has a “hold” rating on the real estate investment trust’s stock. Stifel Nicolaus’ price objective would suggest a potential downside of 0.73% from the stock’s current price.

DRH has been the topic of a number of other research reports. Morgan Stanley raised their price objective on DiamondRock Hospitality from $9.60 to $10.00 and gave the stock an “equal weight” rating in a research note on Friday, July 17th. Truist Financial upped their target price on DiamondRock Hospitality from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. LADENBURG THALM/SH SH increased their target price on DiamondRock Hospitality from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Wells Fargo & Company raised their price target 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. Finally, Citigroup boosted their price target on DiamondRock Hospitality from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $12.22.

DiamondRock Hospitality Stock Performance

NYSE DRH traded up $0.44 during trading on Friday, reaching $13.35. The company’s stock had a trading volume of 284,254 shares, compared to its average volume of 2,312,282. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 53.38, a price-to-earnings-growth ratio of 4.50 and a beta of 0.98. DiamondRock Hospitality has a 12 month low of $7.45 and a 12 month high of $13.46. The firm has a 50 day moving average price of $12.00 and a 200 day moving average price of $10.60.

DiamondRock Hospitality (NYSE:DRH) last announced 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 company had revenue of $318.29 million for the quarter, compared to analysts’ expectations of $314.98 million. During the same period last year, the firm earned $0.35 earnings per share. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. DiamondRock Hospitality has set its FY 2026 guidance at 1.180-1.230 EPS. As a group, equities analysts anticipate that DiamondRock Hospitality will post 0.96 EPS for the current fiscal year.

Insider Activity at DiamondRock Hospitality

In other DiamondRock Hospitality 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 completion of the transaction, the director directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael A. Hartmeier sold 20,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $10.46, for a total value of $209,200.00. Following the sale, the director owned 95,354 shares of the company’s stock, valued at $997,402.84. The trade was a 17.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.90% of the stock is owned by insiders.

Hedge Funds Weigh In On DiamondRock Hospitality

A number of institutional investors have recently modified their holdings of the business. AQR Capital Management LLC lifted its position in shares of DiamondRock Hospitality by 223.2% during the 1st quarter. AQR Capital Management LLC now owns 65,376 shares of the real estate investment trust’s stock worth $505,000 after buying an additional 45,146 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in DiamondRock Hospitality by 5.1% in 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 acquiring an additional 5,971 shares during the last quarter. United Services Automobile Association bought a new position in DiamondRock Hospitality in the first quarter valued at about $91,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in 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 worth $10,251,000 after acquiring an additional 48,558 shares in the last quarter. Finally, Creative Planning acquired a new position in DiamondRock Hospitality during the second quarter worth 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.