Public Employees Retirement System of Ohio Purchases New Holdings in DiamondRock Hospitality Company $DRH

Public Employees Retirement System of Ohio acquired a new position in DiamondRock Hospitality Company (NYSE:DRH) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 234,302 shares of the real estate investment trust’s stock, valued at approximately $2,854,000.

Several other large investors have also modified their holdings of the business. Corient Private Wealth LP purchased a new stake in shares of DiamondRock Hospitality in the second quarter worth approximately $340,000. Bank of America Corp DE purchased a new stake in DiamondRock Hospitality in the 2nd quarter valued at about $129,710,000. Man Group plc bought a new position in DiamondRock Hospitality in the 2nd quarter worth about $5,183,000. Jupiter Topco LLC purchased a new position in shares of DiamondRock Hospitality during the second quarter worth approximately $12,711,000. Finally, Hsbc Holdings PLC bought a new stake in shares of DiamondRock Hospitality during the second quarter valued at approximately $8,490,000.

DiamondRock Hospitality Stock Performance

Shares of DRH stock opened at $12.08 on Friday. The firm 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 Company has a 52-week low of $7.47 and a 52-week 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. The company’s 50 day moving average is $12.48 and its 200 day moving average is $11.16.

DiamondRock Hospitality (NYSE:DRH) last announced its earnings results on Thursday, July 30th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating 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 business had revenue of $318.29 million for the quarter, compared to analysts’ expectations of $314.98 million. During the same quarter last year, the firm earned $0.35 EPS. The business’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. On average, sell-side analysts anticipate that DiamondRock Hospitality Company will post 0.96 EPS for the current fiscal year.

DiamondRock Hospitality Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Investors 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 is an increase from DiamondRock Hospitality’s previous quarterly dividend of $0.09. This represents a $0.44 dividend on an annualized basis and a yield of 3.6%. DiamondRock Hospitality’s dividend payout ratio is 60.27%.

Insider Transactions at DiamondRock Hospitality

In other news, Director Kathleen Merrill sold 20,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $11.88, for a total value of $237,600.00. Following the sale, the director directly owned 84,335 shares in the company, valued at approximately $1,001,899.80. This trade represents a 19.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Bank of America increased their price objective on DiamondRock Hospitality from $12.50 to $13.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Truist Financial upped their target price on DiamondRock Hospitality from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. LADENBURG THALM/SH SH increased their price target on DiamondRock Hospitality from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Stifel Nicolaus raised their price target on DiamondRock Hospitality from $12.50 to $13.25 and gave the company a “hold” rating in a research note on Friday, July 31st. Finally, Wells Fargo & Company lifted their price objective on DiamondRock Hospitality from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, DiamondRock Hospitality currently has a consensus rating of “Moderate Buy” and an average target price of $12.53.

DiamondRock Hospitality Company 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.