DiamondRock Hospitality (NYSE:DRH) Releases Quarterly Earnings Results, Beats Estimates By $0.22 EPS

DiamondRock Hospitality (NYSE:DRH) announced its quarterly earnings data on Thursday. The real estate investment trust reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.22, Briefing.com reports. DiamondRock Hospitality had a net margin of 5.69% and a return on equity of 4.04%. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 earnings per share. DiamondRock Hospitality updated its FY 2026 guidance to 1.180-1.230 EPS.

DiamondRock Hospitality Stock Performance

NYSE DRH traded down $0.23 on Thursday, hitting $12.91. The stock had a trading volume of 2,564,002 shares, compared to its average volume of 2,328,178. The company’s 50-day moving average is $12.00 and its two-hundred day moving average is $10.60. DiamondRock Hospitality has a one year low of $7.45 and a one year high of $13.24. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 51.64, a P/E/G ratio of 4.50 and a beta of 0.98. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.70.

Analyst Ratings Changes

A number of equities analysts have commented on DRH shares. Barclays lifted their target price on DiamondRock Hospitality from $10.00 to $12.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Morgan Stanley raised their price target on DiamondRock Hospitality from $9.60 to $10.00 and gave the stock an “equal weight” rating in a report on Friday, July 17th. Citigroup boosted their price objective on DiamondRock Hospitality from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. Wells Fargo & Company upped their price objective on DiamondRock Hospitality from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 23rd. Finally, Truist Financial increased their target price on DiamondRock Hospitality from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, DiamondRock Hospitality presently has an average rating of “Hold” and a consensus target price of $12.12.

Insider Buying and Selling

In related news, Director Kathleen Merrill sold 20,000 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $11.88, for a total value of $237,600.00. Following the completion of the transaction, the director directly owned 84,335 shares of the company’s stock, valued at $1,001,899.80. This represents a 19.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael A. Hartmeier sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $10.46, for a total value of $209,200.00. Following the completion of the sale, the director owned 95,354 shares in the company, valued at approximately $997,402.84. This represents a 17.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DRH. Corient Private Wealth LLC bought a new stake in shares of DiamondRock Hospitality during the fourth quarter valued at about $118,000. Invesco Ltd. raised its position in shares of DiamondRock Hospitality by 19.3% during the 4th quarter. Invesco Ltd. now owns 1,098,648 shares of the real estate investment trust’s stock worth $9,844,000 after buying an additional 177,593 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of DiamondRock Hospitality in the 4th quarter worth approximately $200,000. Mackenzie Financial Corp boosted its holdings in shares of DiamondRock Hospitality by 97.3% in the fourth quarter. Mackenzie Financial Corp now owns 50,293 shares of the real estate investment trust’s stock valued at $462,000 after acquiring an additional 24,796 shares in the last quarter. Finally, Voloridge Investment Management LLC increased its stake in shares of DiamondRock Hospitality by 19.3% during the fourth quarter. Voloridge Investment Management LLC now owns 541,411 shares of the real estate investment trust’s stock valued at $4,851,000 after acquiring an additional 87,437 shares during the period.

DiamondRock Hospitality Company Profile

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.