Key Points
- CAO Steve Spierto sold 4,000 shares of DiamondRock at an average price of $9.93 for $39,720, trimming his stake by 4.88% to 77,977 shares; the trade was disclosed in an SEC filing.
- DiamondRock beat quarterly EPS estimates ($0.27 vs. $0.24) and slightly topped revenue expectations, and set FY2026 guidance of $1.090–$1.160, although revenue was down 1.6% year‑over‑year.
- Dividend and market context: the company raised its quarterly dividend to $0.09 (annualized $0.36, ~3.6% yield, DPR ~81.8%), while the stock trades near $9.88 and carries a consensus "Hold" rating with an average price target of about $9.91.
DiamondRock Hospitality Company (NYSE:DRH - Get Free Report) CAO Steve Spierto sold 4,000 shares of DiamondRock Hospitality stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $9.93, for a total value 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. This trade represents a 4.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
DiamondRock Hospitality Stock Performance
Shares of NYSE DRH traded down $0.13 during midday trading on Thursday, reaching $9.88. 477,661 shares of the company were exchanged, compared to its average volume of 2,909,893. The stock has a market cap of $2.01 billion, a P/E ratio of 39.52, a PEG ratio of 4.50 and a beta of 0.98. DiamondRock Hospitality Company has a 1 year low of $6.18 and a 1 year high of $10.67. The stock has a fifty day simple moving average of $9.51 and a 200 day simple moving average of $8.80. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.70.
DiamondRock Hospitality (NYSE:DRH - Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.03. The company had revenue of $274.53 million for the quarter, compared to analysts' expectations of $273.18 million. DiamondRock Hospitality had a net margin of 5.69% and a return on equity of 4.04%. DiamondRock Hospitality's revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.24 EPS. DiamondRock Hospitality has set its FY 2026 guidance at 1.090-1.160 EPS. On average, research analysts forecast that DiamondRock Hospitality Company will post 0.96 earnings per share for the current fiscal year.
DiamondRock Hospitality Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.09 per share. The ex-dividend date is Tuesday, March 31st. This is a positive change from DiamondRock Hospitality's previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a yield of 3.6%. DiamondRock Hospitality's dividend payout ratio (DPR) is presently 81.82%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on DRH. Barclays initiated 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 objective for the company. Deutsche Bank Aktiengesellschaft raised DiamondRock Hospitality from a "hold" rating to a "buy" rating and boosted their price target for the stock from $10.00 to $12.00 in a report on Tuesday, January 13th. Wells Fargo & Company lifted their price objective on DiamondRock Hospitality from $9.00 to $10.00 and gave the stock an "equal weight" rating in a research report on Monday, December 1st. Evercore raised their price target on shares of DiamondRock Hospitality from $9.00 to $10.00 and gave the stock an "in-line" rating in a research note on Thursday, November 20th. Finally, Truist Financial upgraded shares of DiamondRock Hospitality from a "hold" rating to a "buy" rating and lifted their price target for the stock from $10.00 to $11.00 in a report on Friday, January 9th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, DiamondRock Hospitality has an average rating of "Hold" and a consensus price target of $9.91.
Read Our Latest Stock Report on DiamondRock Hospitality
Institutional Trading of DiamondRock Hospitality
Large investors have recently added to or reduced their stakes in the stock. Allworth Financial LP grew its position in shares of DiamondRock Hospitality by 146.0% during the fourth quarter. Allworth Financial LP now owns 2,859 shares of the real estate investment trust's stock worth $26,000 after buying an additional 1,697 shares in the last quarter. First Horizon Corp grew its holdings in 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 acquiring an additional 1,139 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of DiamondRock Hospitality by 77.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,436 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 1,498 shares during the last quarter. Danske Bank A S acquired a new stake in shares of DiamondRock Hospitality in the 3rd quarter valued at about $33,000. Finally, Global Retirement Partners LLC lifted its position in shares of DiamondRock Hospitality by 12,114.7% during the fourth quarter. Global Retirement Partners LLC now owns 4,153 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 4,119 shares during the last quarter.
DiamondRock Hospitality Company Profile
(
Get Free Report)
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.
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