56,488 Shares in DiamondRock Hospitality Company $DRH Bought by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL acquired a new stake in shares of DiamondRock Hospitality Company (NYSE:DRH) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 56,488 shares of the real estate investment trust’s stock, valued at approximately $450,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DRH. Danske Bank A S purchased a new stake in DiamondRock Hospitality during the 3rd quarter valued at $33,000. State of Wyoming purchased a new position in shares of DiamondRock Hospitality in the 2nd quarter worth $58,000. Smartleaf Asset Management LLC grew its holdings in shares of DiamondRock Hospitality by 33.8% in the second quarter. Smartleaf Asset Management LLC now owns 9,294 shares of the real estate investment trust’s stock worth $72,000 after acquiring an additional 2,349 shares during the period. United Services Automobile Association purchased a new stake in DiamondRock Hospitality during the first quarter valued at $91,000. Finally, Journey Strategic Wealth LLC purchased a new stake in DiamondRock Hospitality during the third quarter valued at $97,000.

DiamondRock Hospitality Stock Performance

Shares of DRH opened at $9.36 on Thursday. The business has a 50-day simple moving average of $9.61 and a two-hundred day simple moving average of $8.96. 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 Company has a 52 week low of $6.18 and a 52 week high of $10.67. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 37.44, a PEG ratio of 4.50 and a beta of 0.98.

DiamondRock Hospitality (NYSE:DRH) last posted its quarterly earnings data on Thursday, February 26th. The real estate investment trust reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The firm had revenue of $274.53 million for the quarter, compared to analysts’ expectations of $273.18 million. DiamondRock Hospitality had a return on equity of 4.04% and a net margin of 5.69%.The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 EPS. DiamondRock Hospitality has set its FY 2026 guidance at 1.090-1.160 EPS. On average, analysts expect that DiamondRock Hospitality Company will post 0.96 EPS for the current year.

DiamondRock Hospitality Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.09 per share. This is an increase from DiamondRock Hospitality’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Tuesday, March 31st. DiamondRock Hospitality’s payout ratio is presently 81.82%.

Insider Buying and Selling at DiamondRock Hospitality

In other news, CAO Steve Spierto sold 4,000 shares of the stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $9.93, for a total value of $39,720.00. Following the completion of the sale, the chief accounting officer directly owned 77,977 shares of the company’s stock, valued at $774,311.61. This represents a 4.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Barclays assumed coverage on DiamondRock Hospitality in a research report on Tuesday, January 6th. They issued an “equal weight” rating and a $10.00 target price on the stock. Deutsche Bank Aktiengesellschaft raised shares of DiamondRock Hospitality from a “hold” rating to a “buy” rating and upped their price target for the company from $10.00 to $12.00 in a research report on Tuesday, January 13th. LADENBURG THALM/SH SH began coverage on shares of DiamondRock Hospitality in a report on Thursday, March 26th. They issued a “buy” rating and a $12.00 price objective on the stock. Finally, Truist Financial upgraded shares of DiamondRock Hospitality from a “hold” rating to a “buy” rating and boosted their target price for the company from $10.00 to $11.00 in a research report on Friday, January 9th. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $10.14.

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.