DiamondRock Hospitality (NYSE:DRH) Rating Lowered to “Hold” at Zacks Research

DiamondRock Hospitality (NYSE:DRH) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, Zacks reports.

Several other brokerages also recently weighed in on DRH. Truist Financial increased their target price on shares of DiamondRock Hospitality from $12.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, September 10th. Bank of America boosted their price target on DiamondRock Hospitality from $12.50 to $13.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Barclays upped their price objective on DiamondRock Hospitality from $12.00 to $14.00 and gave the company an “equal weight” rating in a research note on Thursday, August 27th. Wells Fargo & Company increased 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. Finally, 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. Four research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $12.82.

DiamondRock Hospitality Stock Down 1.3%

DRH stock opened at $12.47 on Monday. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 49.88, a price-to-earnings-growth ratio of 4.50 and a beta of 0.97. The company has a fifty day moving average price of $12.52 and a 200 day moving average price of $11.45. 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 12 month low of $7.47 and a 12 month high of $13.79.

DiamondRock Hospitality (NYSE:DRH) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.22. The company had revenue of $318.29 million for the quarter, compared to the consensus estimate of $314.98 million. DiamondRock Hospitality had a net margin of 5.69% and a return on equity of 4.04%. DiamondRock Hospitality’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period last year, the firm posted $0.35 EPS. DiamondRock Hospitality has set its FY 2026 guidance at 1.180-1.230 EPS. Sell-side analysts expect that DiamondRock Hospitality will post 0.96 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its position in shares of DiamondRock Hospitality by 77.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,436 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 1,498 shares during the period. Gallacher Capital Management LLC boosted its stake in shares of DiamondRock Hospitality by 5.8% during the first quarter. Gallacher Capital Management LLC now owns 27,509 shares of the real estate investment trust’s stock valued at $258,000 after acquiring an additional 1,504 shares during the last quarter. Ancora Advisors LLC raised its position in shares of DiamondRock Hospitality by 0.3% in the second quarter. Ancora Advisors LLC now owns 496,340 shares of the real estate investment trust’s stock valued at $6,045,000 after buying an additional 1,630 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of DiamondRock Hospitality by 15.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 16,470 shares of the real estate investment trust’s stock worth $154,000 after purchasing an additional 2,243 shares during the period. Finally, Nilsine Partners LLC boosted its stake in DiamondRock Hospitality by 3.2% in the 2nd quarter. Nilsine Partners LLC now owns 84,082 shares of the real estate investment trust’s stock worth $1,024,000 after buying an additional 2,625 shares during the last quarter.

About DiamondRock Hospitality

DiamondRock Hospitality Company (NYSE: DRH) is a self-advised real estate investment trust that owns a portfolio of hotels and resorts in the United States. The company focuses on lodging properties in locations that appeal to business and leisure travelers, including gateway cities, destination resorts and other high-demand markets.

DiamondRock’s properties operate under a combination of nationally recognized hotel brands and independent or company-developed concepts. Its portfolio includes full-service hotels, lifestyle properties and resort accommodations, with services such as guest rooms, restaurants, meeting and event facilities, recreational amenities and other hospitality offerings.

The company was formed in 2004 through a spin-off from Marriott International and is headquartered in Bethesda, Maryland.