Range Financial Group LLC Purchases 45,585 Shares of DiamondRock Hospitality Company $DRH

Range Financial Group LLC acquired a new position in DiamondRock Hospitality Company (NYSE:DRH) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 45,585 shares of the real estate investment trust’s stock, valued at approximately $563,000.

Other large investors have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC purchased a new position in DiamondRock Hospitality during the 2nd quarter valued at about $50,000. Allworth Financial LP acquired a new position in DiamondRock Hospitality during the second quarter worth about $59,000. Farther Finance Advisors LLC raised its position in DiamondRock Hospitality by 155.2% during the third quarter. Farther Finance Advisors LLC now owns 5,549 shares of the real estate investment trust’s stock worth $69,000 after acquiring an additional 3,375 shares during the last quarter. Nykredit A S purchased a new stake in shares of DiamondRock Hospitality in the second quarter valued at about $81,000. Finally, C M Bidwell & Associates Ltd. purchased a new stake in shares of DiamondRock Hospitality in the second quarter valued at about $84,000.

DiamondRock Hospitality Price Performance

NYSE:DRH opened at $13.79 on Wednesday. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 55.16, a price-to-earnings-growth ratio of 4.50 and a beta of 1.01. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.70. The company’s 50-day moving average is $12.52 and its two-hundred day moving average is $11.82. DiamondRock Hospitality Company has a 12-month low of $7.58 and a 12-month high of $13.88.

DiamondRock Hospitality (NYSE:DRH) last released its quarterly 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. The company had revenue of $318.29 million for the quarter, compared to analysts’ expectations 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 for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the company earned $0.35 EPS. DiamondRock Hospitality has set its FY 2026 guidance at 1.180-1.230 EPS. Research analysts expect that DiamondRock Hospitality Company will post 0.96 EPS for the current year.

DiamondRock Hospitality Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Wednesday, September 30th. This is an increase from DiamondRock Hospitality’s previous quarterly dividend of $0.09. DiamondRock Hospitality’s payout ratio is currently 60.27%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on DRH shares. 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. Zacks Research downgraded DiamondRock Hospitality from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. Morgan Stanley upped their target price on DiamondRock Hospitality from $11.00 to $12.00 and gave the company an “equal weight” rating in a research note on Monday, October 12th. Wells Fargo & Company increased their target price on DiamondRock Hospitality from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. Finally, Barclays increased their target price on DiamondRock Hospitality from $12.00 to $14.00 and gave the company an “equal weight” rating in a report on Thursday, August 27th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $12.93.

DiamondRock Hospitality Profile

DiamondRock Hospitality Company (NYSE: DRH) is a self-advised real estate investment trust that owns a portfolio of hotels and resort properties in the United States. The company focuses on lodging real estate in leisure destinations and gateway markets, with properties serving business travelers, vacationers, and group customers.

DiamondRock’s portfolio includes hotels operated under nationally recognized brands as well as independent and boutique properties. Its business activities include acquiring, owning, leasing, and strategically managing hospitality real estate, while day-to-day hotel operations are generally carried out by third-party management companies and brand operators.

The company was formed in 2004 through a spin-off from Marriott International and is headquartered in Bethesda, Maryland.