Globeflex Capital L P Makes New $2.39 Million Investment in DiamondRock Hospitality Company $DRH

Globeflex Capital L P purchased a new stake in shares of DiamondRock Hospitality Company (NYSE:DRH) in the second quarter, HoldingsChannel reports. The institutional investor purchased 196,402 shares of the real estate investment trust’s stock, valued at approximately $2,392,000.

Several other hedge funds also recently modified their holdings of DRH. Quantbot Technologies LP acquired a new stake in shares of DiamondRock Hospitality in the second quarter valued at $106,000. Landscape Capital Management L.L.C. acquired a new position in DiamondRock Hospitality during the second quarter worth about $578,000. Ieq Capital LLC acquired a new position in DiamondRock Hospitality during the second quarter worth about $3,658,000. C M Bidwell & Associates Ltd. bought a new stake in DiamondRock Hospitality in the second quarter worth about $84,000. Finally, Allworth Financial LP bought a new stake in DiamondRock Hospitality in the second quarter worth about $59,000.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DRH. Bank of America raised their price objective on shares of DiamondRock Hospitality from $12.50 to $13.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Wells Fargo & Company boosted their target price on shares of DiamondRock Hospitality from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Barclays increased their target price on shares of DiamondRock Hospitality from $10.00 to $12.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Stifel Nicolaus raised their target price on shares of DiamondRock Hospitality from $12.50 to $13.25 and gave the stock a “hold” rating in a report on Friday, July 31st. Finally, Morgan Stanley lifted their price target on shares of DiamondRock Hospitality from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $12.32.

Insider Activity

In related news, Director Kathleen Merrill sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $11.88, for a total value of $237,600.00. Following the completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is owned by corporate insiders.

DiamondRock Hospitality Stock Performance

NYSE:DRH opened at $12.82 on Monday. The stock has a fifty day simple moving average of $12.43 and a 200 day simple moving average of $10.97. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 51.28, a price-to-earnings-growth ratio of 4.50 and a beta of 0.98. DiamondRock Hospitality Company has a 1-year low of $7.47 and a 1-year high of $13.79. 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 posted its quarterly earnings data 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 return on equity of 4.04% and a net margin of 5.69%.The firm had revenue of $318.29 million for the quarter, compared to the consensus estimate of $314.98 million. During the same quarter in the previous year, the company earned $0.35 EPS. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. DiamondRock Hospitality has set its FY 2026 guidance at 1.180-1.230 EPS. Sell-side analysts forecast that DiamondRock Hospitality Company will post 0.96 earnings per share for the current year.

DiamondRock Hospitality Increases Dividend

The company 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 $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 3.4%. This is an increase from DiamondRock Hospitality’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Wednesday, September 30th. DiamondRock Hospitality’s 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.