DiamondRock Hospitality (NYSE:DRH) Director Michael Hartmeier Sells 20,000 Shares of Stock

DiamondRock Hospitality Company (NYSE:DRH) Director Michael Hartmeier sold 20,000 shares of the 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 transaction, the director directly owned 95,354 shares of the company’s stock, valued at $997,402.84. This trade represents a 17.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

DiamondRock Hospitality Stock Performance

DRH opened at $10.47 on Thursday. DiamondRock Hospitality Company has a 12-month low of $7.31 and a 12-month high of $10.90. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 41.88, a PEG ratio of 4.50 and a beta of 0.99. The business has a 50 day moving average of $9.90 and a 200-day moving average of $9.41. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.70.

DiamondRock Hospitality (NYSE:DRH) last released its quarterly earnings data on Thursday, February 26th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating 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 company had revenue of $274.53 million during the quarter, compared to analysts’ expectations of $273.18 million. During the same period last year, the firm posted $0.24 earnings per share. The business’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. On average, equities research analysts expect that DiamondRock Hospitality Company will post 0.96 earnings per share for the current year.

DiamondRock Hospitality Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, June 30th. DiamondRock Hospitality’s dividend payout ratio (DPR) is presently 76.60%.

Hedge Funds Weigh In On DiamondRock Hospitality

Large investors have recently made changes to their positions in the company. Allworth Financial LP increased its stake 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 purchasing an additional 1,697 shares during the period. First Horizon Corp increased its stake in shares of DiamondRock Hospitality by 54.9% during the fourth quarter. First Horizon Corp now owns 3,214 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 1,139 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of DiamondRock Hospitality by 77.3% during the fourth 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 period. Danske Bank A S bought a new position in shares of DiamondRock Hospitality during the third quarter worth approximately $33,000. Finally, Global Retirement Partners LLC increased its stake 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 period.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DRH. Wells Fargo & Company raised their price objective on DiamondRock Hospitality from $10.00 to $11.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 22nd. Stifel Nicolaus raised their price objective on DiamondRock Hospitality from $11.00 to $11.25 and gave the company a “hold” rating in a research report on Monday. LADENBURG THALM/SH SH began coverage on DiamondRock Hospitality in a research report on Thursday, March 26th. They issued a “buy” rating and a $12.00 price objective for the company. Morgan Stanley raised their price objective on DiamondRock Hospitality from $9.50 to $9.60 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Citigroup increased their target price on DiamondRock Hospitality from $9.50 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, DiamondRock Hospitality currently has an average rating of “Hold” and an average price target of $10.87.

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.