Universal Beteiligungs und Servicegesellschaft mbH Sells 57,893 Shares of DiamondRock Hospitality Company $DRH

Universal Beteiligungs und Servicegesellschaft mbH lowered its position in shares of DiamondRock Hospitality Company (NYSE:DRH) by 17.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 279,551 shares of the real estate investment trust’s stock after selling 57,893 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in DiamondRock Hospitality were worth $2,225,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DRH. Public Employees Retirement System of Ohio increased its stake in shares of DiamondRock Hospitality by 0.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 298,326 shares of the real estate investment trust’s stock worth $2,285,000 after acquiring an additional 1,578 shares in the last quarter. Asset Management One Co. Ltd. grew its position in DiamondRock Hospitality by 0.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 295,567 shares of the real estate investment trust’s stock valued at $2,353,000 after purchasing an additional 1,792 shares during the last quarter. M&T Bank Corp grew its holdings in shares of DiamondRock Hospitality by 9.4% during the second quarter. M&T Bank Corp now owns 21,298 shares of the real estate investment trust’s stock valued at $163,000 after buying an additional 1,833 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of DiamondRock Hospitality by 2.7% in the second quarter. Daiwa Securities Group Inc. now owns 72,809 shares of the real estate investment trust’s stock worth $558,000 after purchasing an additional 1,880 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey increased its holdings in DiamondRock Hospitality by 4.7% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 47,102 shares of the real estate investment trust’s stock worth $361,000 after buying an additional 2,129 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Morgan Stanley cut their target price on shares of DiamondRock Hospitality from $9.00 to $8.50 and set an “equal weight” rating for the company in a research report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of DiamondRock Hospitality in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft raised shares of DiamondRock Hospitality from a “hold” rating to a “buy” rating and increased their target price for the stock from $10.00 to $12.00 in a report on Tuesday, January 13th. Evercore ISI lifted their price target on shares of DiamondRock Hospitality from $9.00 to $10.00 and gave the company an “in-line” rating in a report on Thursday, November 20th. Finally, Truist Financial raised shares of DiamondRock Hospitality from a “hold” rating to a “buy” rating and increased their price objective for the stock from $10.00 to $11.00 in a research note on Friday, January 9th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $9.91.

DiamondRock Hospitality Stock Up 1.7%

Shares of DRH opened at $9.19 on Friday. The business’s 50 day moving average is $9.14 and its 200 day moving average is $8.48. 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 capitalization of $1.87 billion, a PE ratio of 36.76, a price-to-earnings-growth ratio of 4.50 and a beta of 1.03.

DiamondRock Hospitality (NYSE:DRH) last posted its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.04. DiamondRock Hospitality had a return on equity of 4.04% and a net margin of 5.69%.The business had revenue of $285.38 million during the quarter, compared to the consensus estimate of $277.45 million. During the same period in the prior year, the company posted $0.27 EPS. The firm’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 expect that DiamondRock Hospitality Company will post 0.96 earnings per share for the current fiscal year.

DiamondRock Hospitality Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Wednesday, December 31st. DiamondRock Hospitality’s dividend payout ratio (DPR) is presently 128.00%.

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.