--- title: "DiamondRock Hospitality (NYSE:DRH) Price Target Raised to $14.00" type: "News" locale: "en" url: "https://longbridge.com/en/news/297208186.md" description: "Barclays raised its price target for DiamondRock Hospitality (NYSE:DRH) from $12.00 to $14.00, maintaining an 'equal weight' rating. Other analysts also adjusted targets: Bank of America and Citigroup set targets at $13.00, Wells Fargo at $13.00, and Truist at $12.00. Zacks upgraded DRH to a 'strong-buy'. The stock closed at $12.70, up 0.6%. Recent quarterly earnings beat estimates with $0.44 EPS on $318.29 million revenue." datetime: "2026-08-27T15:24:36.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/297208186.md) - [en](https://longbridge.com/en/news/297208186.md) - [zh-HK](https://longbridge.com/zh-HK/news/297208186.md) generator: "portal-rs" --- # DiamondRock Hospitality (NYSE:DRH) Price Target Raised to $14.00 DiamondRock Hospitality (NYSE:DRH - Get Free Report) had its price target hoisted by analysts at Barclays from $12.00 to $14.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an "equal weight" rating on the real estate investment trust's stock. Barclays's price objective would indicate a potential upside of 10.28% from the stock's current price. - 7 best hotel REITs to buy now Other research analysts also recently issued research reports about the company. Bank of America increased their price target on DiamondRock Hospitality from $12.50 to $13.00 and gave the stock a "buy" rating in a research note on Monday, July 20th. Citigroup increased their price objective on DiamondRock Hospitality from $11.00 to $13.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 22nd. Zacks Research raised shares of DiamondRock Hospitality from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 19th. Wells Fargo & Company raised their price target on DiamondRock Hospitality from $12.00 to $13.00 and gave the company an "equal weight" rating in a research report on Thursday, July 23rd. Finally, Truist Financial upped their price objective on DiamondRock Hospitality from $11.00 to $12.00 and gave the stock a "buy" rating in a report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $12.53. **View Our Latest Analysis on DRH** ## DiamondRock Hospitality Stock Up 0.6% Shares of NYSE:DRH traded up $0.07 during trading on Thursday, reaching $12.70. 263,710 shares of the stock were exchanged, compared to its average volume of 2,359,856. 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 stock has a fifty day moving average of $12.48 and a two-hundred day moving average of $11.04. DiamondRock Hospitality has a 1-year low of $7.47 and a 1-year high of $13.79. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 50.78, a price-to-earnings-growth ratio of 4.50 and a beta of 0.98. DiamondRock Hospitality (NYSE:DRH - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.22. The company had revenue of $318.29 million for the quarter, compared to analyst estimates of $314.98 million. DiamondRock Hospitality had a net margin of 5.69% and a return on equity of 4.04%. The firm's revenue was up 4.1% on a year-over-year basis. During the same period last year, the firm earned $0.35 earnings per share. DiamondRock Hospitality has set its FY 2026 guidance at 1.180-1.230 EPS. Research analysts anticipate that DiamondRock Hospitality will post 0.96 earnings per share for the current fiscal year. ## Insiders Place Their Bets In related news, Director Kathleen Merrill sold 20,000 shares of the company's stock in a transaction 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.90% of the stock is currently owned by insiders. ## Institutional Investors Weigh In On DiamondRock Hospitality Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of DiamondRock Hospitality in the second quarter worth $475,282,000. Bank of America Corp DE bought a new position in DiamondRock Hospitality during the 2nd quarter valued at about $129,710,000. Cohen & Steers Inc. purchased a new stake in DiamondRock Hospitality in the fourth quarter worth approximately $59,231,000. Pzena Investment Management LLC bought a new stake in shares of DiamondRock Hospitality in the second quarter worth $34,464,000. Finally, California State Teachers Retirement System grew its stake in shares of DiamondRock Hospitality by 1,086.8% during the 2nd quarter. California State Teachers Retirement System now owns 2,956,025 shares of the real estate investment trust's stock valued at $36,004,000 after purchasing an additional 2,706,941 shares during the period. ## 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. ## Further Reading - Five stocks we like better than DiamondRock Hospitality - Strategy’s $1.59B Gamble: Checkmate at $80K? - Semtech Stock Rallies on Strong Q2 Results and Raised Guidance - Marvell’s Big AI Test Comes One Day After NVIDIA’s Blowout Quarter - NVIDIA’s Blockbuster Quarter May Still Undersell How Big the AI Buildout Is *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.* Continue following MarketBeat Add MarketBeat as your preferred source on Google to see our latest stories in your feed. Add As Preferred Source ## Should You Invest $1,000 in DiamondRock Hospitality Right Now? Before you consider DiamondRock Hospitality, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DiamondRock Hospitality wasn't on the list. While DiamondRock Hospitality currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. 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