Public Employees Retirement System of Ohio Makes New $2.85 Million Investment in DiamondRock Hospitality Company $DRH

Public Employees Retirement System of Ohio purchased a new stake in shares of DiamondRock Hospitality Company (NYSE:DRH) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 234,302 shares of the real estate investment trust’s stock, valued at approximately $2,854,000. Public Employees Retirement System of Ohio owned 0.11% of DiamondRock Hospitality as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. BlackRock Inc. bought a new stake in DiamondRock Hospitality during the 2nd quarter valued at approximately $475,282,000. State Street Corp boosted its stake in 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 worth $97,400,000 after purchasing an additional 93,929 shares during the period. Bank of America Corp DE purchased a new stake in DiamondRock Hospitality during the 2nd quarter valued at approximately $129,710,000. Alyeska Investment Group L.P. raised its position in shares of DiamondRock Hospitality by 5.5% during the third 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 buying an additional 475,611 shares during the last quarter. Finally, Centersquare Investment Management LLC raised its position in shares of DiamondRock Hospitality by 3.2% during the fourth 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 buying an additional 244,013 shares during the last quarter.

DiamondRock Hospitality Stock Up 0.2%

Shares of NYSE:DRH opened at $12.08 on Friday. 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 Company has a 12 month low of $7.47 and a 12 month high of $13.79. The company has a 50-day moving average price of $12.48 and a 200 day moving average price of $11.16. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 48.32, a PEG ratio of 4.50 and a beta of 0.97.

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

DiamondRock Hospitality Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.44 annualized dividend and a dividend yield of 3.6%. This is an increase from DiamondRock Hospitality’s previous quarterly dividend of $0.09. DiamondRock Hospitality’s dividend payout ratio is presently 60.27%.

Insider Buying and Selling at DiamondRock Hospitality

In related news, Director Kathleen Merrill sold 20,000 shares of the stock in a transaction 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 sale, the director owned 84,335 shares in the company, valued at approximately $1,001,899.80. This represents a 19.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

DRH has been the subject of a number of research reports. Zacks Research upgraded shares of DiamondRock Hospitality from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 19th. Bank of America boosted their price target on shares of DiamondRock Hospitality from $12.50 to $13.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Morgan Stanley increased their price objective on shares of DiamondRock Hospitality from $10.00 to $11.00 and gave the company an “equal weight” rating in a report on Tuesday, August 18th. LADENBURG THALM/SH SH raised their price objective on DiamondRock Hospitality from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Finally, Wells Fargo & Company lifted their target price on DiamondRock Hospitality from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $12.53.

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.