Key Points
- Director Michael Hartmeier sold 20,000 shares of DiamondRock Hospitality at an average price of $10.46, trimming his stake by 17.34% and leaving him with 95,354 shares.
- DiamondRock recently reported better-than-expected quarterly earnings of $0.27 per share on revenue of $274.53 million, while also guiding FY2026 EPS to 1.09–1.16.
- The company announced a quarterly dividend of $0.09 per share, payable July 14, which annualizes to $0.36 and yields about 3.4%.
DiamondRock Hospitality Company (NYSE:DRH - Get Free Report) Director Michael Hartmeier sold 20,000 shares of the firm'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 transaction, the director owned 95,354 shares in the company, valued at approximately $997,402.84. This trade represents a 17.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
DiamondRock Hospitality Price Performance
DiamondRock Hospitality stock opened at $10.47 on Thursday. The stock's fifty day moving average price is $9.90 and its two-hundred day moving average price is $9.41. DiamondRock Hospitality Company has a one year low of $7.31 and a one year high of $10.90. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a market cap of $2.14 billion, a PE ratio of 41.88, a price-to-earnings-growth ratio of 4.50 and a beta of 0.99.
DiamondRock Hospitality (NYSE:DRH - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The real estate investment trust reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.03. DiamondRock Hospitality had a return on equity of 4.04% and a net margin of 5.69%.The firm had revenue of $274.53 million for the quarter, compared to analyst estimates of $273.18 million. During the same quarter last year, the company earned $0.24 EPS. The company's revenue was down 1.6% on a year-over-year basis. DiamondRock Hospitality has set its FY 2026 guidance at 1.090-1.160 EPS. As a group, research analysts expect that DiamondRock Hospitality Company will post 0.96 EPS for the current fiscal year.
DiamondRock Hospitality Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Tuesday, June 30th. DiamondRock Hospitality's dividend payout ratio (DPR) is 76.60%.
Analyst Upgrades and Downgrades
DRH has been the topic of a number of recent research reports. Citigroup raised their price objective on DiamondRock Hospitality from $9.50 to $11.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 6th. Morgan Stanley lifted their price target on DiamondRock Hospitality from $9.50 to $9.60 and gave the company an "equal weight" rating in a research note on Tuesday. Stifel Nicolaus lifted their price target on DiamondRock Hospitality from $11.00 to $11.25 and gave the company a "hold" rating in a research note on Monday. LADENBURG THALM/SH SH began coverage on DiamondRock Hospitality in a research note on Thursday, March 26th. They issued a "buy" rating and a $12.00 price target on the stock. Finally, Wells Fargo & Company lifted their price target on DiamondRock Hospitality from $10.00 to $11.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 22nd. Three research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $10.87.
Check Out Our Latest Research Report on DRH
Hedge Funds Weigh In On DiamondRock Hospitality
Several hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp increased its stake in shares of DiamondRock Hospitality by 0.8% in the 2nd quarter. State Street Corp now owns 12,587,578 shares of the real estate investment trust's stock valued at $97,400,000 after purchasing an additional 93,929 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of DiamondRock Hospitality by 17.5% during the 2nd quarter. Bank of America Corp DE now owns 9,231,991 shares of the real estate investment trust's stock valued at $70,717,000 after acquiring an additional 1,377,897 shares in the last quarter. Alyeska Investment Group L.P. boosted its holdings in shares of DiamondRock Hospitality by 5.5% during the 3rd quarter. Alyeska Investment Group L.P. now owns 9,152,343 shares of the real estate investment trust's stock valued at $72,853,000 after acquiring an additional 475,611 shares in the last quarter. Centersquare Investment Management LLC boosted its holdings in shares of DiamondRock Hospitality by 3.2% during the 4th quarter. Centersquare Investment Management LLC now owns 7,780,988 shares of the real estate investment trust's stock valued at $69,718,000 after acquiring an additional 244,013 shares in the last quarter. Finally, Cohen & Steers Inc. acquired a new position in DiamondRock Hospitality during the 4th quarter worth about $59,231,000.
About DiamondRock Hospitality
(
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.
Further Reading
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