Universal Beteiligungs und Servicegesellschaft mbH Decreases Holdings in DiamondRock Hospitality Company $DRH

Universal Beteiligungs und Servicegesellschaft mbH decreased its holdings in DiamondRock Hospitality Company (NYSE:DRH) by 17.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 279,551 shares of the real estate investment trust’s stock after selling 57,893 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.14% of DiamondRock Hospitality worth $2,225,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of DiamondRock Hospitality by 106.3% in the second quarter. JPMorgan Chase & Co. now owns 5,412,002 shares of the real estate investment trust’s stock worth $41,456,000 after buying an additional 2,788,022 shares during the period. Pzena Investment Management LLC boosted its holdings in DiamondRock Hospitality by 2.1% during the 2nd quarter. Pzena Investment Management LLC now owns 8,785,278 shares of the real estate investment trust’s stock valued at $67,295,000 after acquiring an additional 181,610 shares during the period. Elo Mutual Pension Insurance Co bought a new position in DiamondRock Hospitality during the 2nd quarter worth approximately $213,000. Lasalle Investment Management Securities LLC increased its stake in DiamondRock Hospitality by 17.5% in the 2nd quarter. Lasalle Investment Management Securities LLC now owns 1,299,074 shares of the real estate investment trust’s stock worth $9,951,000 after purchasing an additional 193,699 shares during the period. Finally, Ethic Inc. purchased a new position in DiamondRock Hospitality in the 2nd quarter worth approximately $96,000.

DiamondRock Hospitality Stock Up 1.7%

Shares of DiamondRock Hospitality stock opened at $9.19 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 $6.18 and a 12-month high of $9.82. The company has a market cap of $1.87 billion, a P/E ratio of 36.76, a PEG ratio of 4.50 and a beta of 1.03. The company’s fifty day simple moving average is $9.14 and its two-hundred day simple moving average is $8.48.

DiamondRock Hospitality (NYSE:DRH) last announced its earnings results on Thursday, November 6th. The real estate investment trust reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. DiamondRock Hospitality had a net margin of 5.69% and a return on equity of 4.04%. The firm had revenue of $285.38 million for the quarter, compared to analyst estimates of $277.45 million. During the same quarter in the previous year, the firm posted $0.27 EPS. The company’s revenue for the quarter was up .1% compared to the same quarter last year. DiamondRock Hospitality has set its FY 2025 guidance at 1.020-1.06 EPS. Research analysts anticipate that DiamondRock Hospitality Company will post 0.96 EPS for the current year.

DiamondRock Hospitality Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st were given a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.32 annualized dividend and a dividend yield of 3.5%. DiamondRock Hospitality’s dividend payout ratio is currently 128.00%.

Wall Street Analysts Forecast Growth

DRH has been the topic of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of DiamondRock Hospitality in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft raised shares of DiamondRock Hospitality from a “hold” rating to a “buy” rating and raised their price target for the stock from $10.00 to $12.00 in a report on Tuesday, January 13th. Morgan Stanley decreased their price objective on shares of DiamondRock Hospitality from $9.00 to $8.50 and set an “equal weight” rating on the stock in a research report on Wednesday, October 22nd. Wells Fargo & Company increased their target price on shares of DiamondRock Hospitality from $9.00 to $10.00 and gave the stock an “equal weight” rating in a report on Monday, December 1st. Finally, Evercore ISI raised their target price on DiamondRock Hospitality from $9.00 to $10.00 and gave the stock an “in-line” rating in a research note on Thursday, November 20th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $9.91.

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.