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

Analysts at LADENBURG THALM/SH SH assumed coverage on shares of DiamondRock Hospitality (NYSE:DRH) in a report issued on Thursday. The brokerage set a “buy” rating and a $12.00 price target on the real estate investment trust’s stock. LADENBURG THALM/SH SH’s target price points to a potential upside of 25.52% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Wells Fargo & Company lifted their target price on DiamondRock Hospitality from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Monday, December 1st. Deutsche Bank Aktiengesellschaft raised DiamondRock Hospitality from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $10.00 to $12.00 in a report on Tuesday, January 13th. Truist Financial raised 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 note on Friday, January 9th. Finally, Barclays began coverage on shares of DiamondRock Hospitality in a research note on Tuesday, January 6th. They set an “equal weight” rating and a $10.00 price target for the company. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, DiamondRock Hospitality has a consensus rating of “Hold” and an average target price of $10.14.

DiamondRock Hospitality Stock Performance

Shares of NYSE:DRH opened at $9.56 on Thursday. The business has a fifty day moving average of $9.61 and a 200-day moving average of $8.92. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.64 and a current ratio of 1.64. DiamondRock Hospitality has a twelve month low of $6.18 and a twelve month high of $10.67. The firm has a market cap of $1.96 billion, a PE ratio of 38.24, a price-to-earnings-growth ratio of 4.50 and a beta of 0.98.

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

Insiders Place Their Bets

In other DiamondRock Hospitality news, CAO Steve Spierto sold 4,000 shares of DiamondRock Hospitality 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 transaction, the chief accounting officer directly owned 77,977 shares in the company, valued at approximately $774,311.61. The trade was a 4.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On DiamondRock Hospitality

Several institutional investors have recently modified their holdings of the business. AQR Capital Management LLC increased its stake in 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 purchasing an additional 45,146 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 buying an additional 5,971 shares in the last quarter. United Services Automobile Association acquired a new position in shares of DiamondRock Hospitality in the first quarter valued at approximately $91,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of DiamondRock Hospitality by 3.8% in 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 period. Finally, Police & Firemen s Retirement System of New Jersey increased its position in shares of DiamondRock Hospitality by 4.7% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 47,102 shares of the real estate investment trust’s stock worth $361,000 after acquiring an additional 2,129 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.