267,516 Shares in DiamondRock Hospitality Company $DRH Bought by Great Lakes Advisors LLC

Great Lakes Advisors LLC bought a new stake in shares of DiamondRock Hospitality Company (NYSE:DRH) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 267,516 shares of the real estate investment trust’s stock, valued at approximately $3,258,000.

Several other hedge funds also recently added to or reduced their stakes in DRH. AQR Capital Management LLC lifted its holdings in shares of DiamondRock Hospitality by 223.2% in the 1st quarter. AQR Capital Management LLC now owns 65,376 shares of the real estate investment trust’s stock valued at $505,000 after buying an additional 45,146 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of DiamondRock Hospitality by 5.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 123,672 shares of the real estate investment trust’s stock worth $955,000 after buying an additional 5,971 shares during the last quarter. United Services Automobile Association acquired a new stake in DiamondRock Hospitality during the first quarter worth about $91,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in DiamondRock Hospitality by 3.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,327,841 shares of the real estate investment trust’s stock worth $10,251,000 after acquiring an additional 48,558 shares during the period. Finally, Creative Planning purchased a new position in DiamondRock Hospitality during the second quarter valued at approximately $99,000.

Analyst Ratings Changes

A number of brokerages have issued reports on DRH. Wells Fargo & Company boosted their price target on DiamondRock Hospitality from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. Stifel Nicolaus raised their price objective on shares of DiamondRock Hospitality from $12.50 to $13.25 and gave the stock a “hold” rating in a research note on Friday, July 31st. Citigroup lifted their target price on shares of DiamondRock Hospitality from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Bank of America boosted their target price on shares of DiamondRock Hospitality from $12.50 to $13.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Finally, LADENBURG THALM/SH SH increased their price target on shares of DiamondRock Hospitality from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $12.32.

Insiders Place Their Bets

In other news, Director Kathleen Merrill sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $11.88, for a total transaction of $237,600.00. Following the transaction, the director directly owned 84,335 shares in the company, valued at $1,001,899.80. The trade was a 19.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.90% of the stock is owned by company insiders.

DiamondRock Hospitality Stock Up 0.4%

Shares of DRH opened at $12.77 on Friday. The stock has a 50 day moving average price of $12.41 and a 200 day moving average price of $10.95. DiamondRock Hospitality Company has a one year low of $7.47 and a one year high of $13.79. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 51.08, a PEG ratio of 4.50 and a beta of 0.98.

DiamondRock Hospitality (NYSE:DRH) last announced its earnings results on Thursday, July 30th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.22. DiamondRock Hospitality had a net margin of 5.69% and a return on equity of 4.04%. The company had revenue of $318.29 million for the quarter, compared to analysts’ expectations of $314.98 million. During the same quarter in the previous year, the company posted $0.35 EPS. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. DiamondRock Hospitality has set its FY 2026 guidance at 1.180-1.230 EPS. Equities research analysts forecast that DiamondRock Hospitality Company will post 0.96 earnings per share for the current fiscal year.

DiamondRock Hospitality Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be paid a $0.11 dividend. This is a positive change from DiamondRock Hospitality’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.44 dividend on an annualized basis and a yield of 3.4%. DiamondRock Hospitality’s dividend payout ratio is 60.27%.

DiamondRock Hospitality 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.