Public Employees Retirement System of Ohio Sells 47,850 Shares of DiamondRock Hospitality Company $DRH

Posted by Stanley Muller on Aug 2nd, 2026

Public Employees Retirement System of Ohio trimmed its holdings in shares of DiamondRock Hospitality Company (NYSE:DRH – Free Report) by 16.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 235,662 shares of the real estate investment trust’s stock after selling 47,850 shares during the quarter. Public Employees Retirement System of Ohio owned 0.12% of DiamondRock Hospitality worth $2,208,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Allworth Financial LP grew its stake in DiamondRock Hospitality by 146.0% in the 4th quarter. Allworth Financial LP now owns 2,859 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 1,697 shares during the period. First Horizon Corp increased its position in shares of DiamondRock Hospitality by 54.9% during the 4th quarter. First Horizon Corp now owns 3,214 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 1,139 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of DiamondRock Hospitality by 77.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,436 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 1,498 shares during the period. Danske Bank A S bought a new stake in shares of DiamondRock Hospitality during the 3rd quarter worth $33,000. Finally, Global Retirement Partners LLC boosted its holdings in shares of DiamondRock Hospitality by 12,114.7% in the 4th quarter. Global Retirement Partners LLC now owns 4,153 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 4,119 shares during the last quarter.

DiamondRock Hospitality News Summary

Here are the key news stories impacting DiamondRock Hospitality this week:

Positive Sentiment: Quarterly results exceeded expectations. DiamondRock reported second-quarter FFO of $0.44 per share, above the $0.37 consensus estimate and up from $0.35 a year earlier. Revenue rose 4.1% year over year to $318.3 million, also surpassing estimates. DiamondRock Hospitality Q2 FFO and Revenues Surpass Estimates
Positive Sentiment: Management raised 2026 guidance. The company now expects full-year EPS of $1.18-$1.23, above the prior consensus estimate of $1.09, signaling confidence in operating performance and demand across its hotel and resort portfolio. DiamondRock Hospitality Company Reports Second Quarter 2026 Results
Positive Sentiment: The quarterly dividend was increased. DiamondRock raised its dividend to $0.11 per share from $0.09, a 22.2% increase, providing an annualized yield of approximately 3.3% and potentially supporting investor interest in the REIT. DiamondRock Hospitality Company Reports Second Quarter 2026 Results
Neutral Sentiment: Analyst sentiment remains cautious. Stifel raised its price target from $12.50 to $13.25 but maintained a “hold” rating, leaving limited implied upside based on the quoted trading level. Benzinga
Neutral Sentiment: Management’s earnings call provided additional discussion of second-quarter performance and the updated outlook, which investors are using to assess whether the stronger results can continue. DiamondRock Hospitality Q2 2026 Earnings Call Transcript

DiamondRock Hospitality Price Performance

Shares of NYSE:DRH opened at $13.24 on Friday. The company has a 50-day moving average price of $12.05 and a two-hundred day moving average price of $10.62. The firm has a market capitalization of $2.71 billion, a PE ratio of 52.96, a P/E/G ratio of 4.50 and a beta of 0.98. DiamondRock Hospitality Company has a twelve month low of $7.45 and a twelve month high of $13.48. 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 – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.22. DiamondRock Hospitality had a net margin of 5.69% and a return on equity of 4.04%. The business had revenue of $318.29 million during the quarter, compared to analyst estimates of $314.98 million. During the same period in the previous year, the business earned $0.35 EPS. DiamondRock Hospitality’s revenue 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. Equities analysts forecast that DiamondRock Hospitality Company will post 0.96 EPS for the current 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 issued a dividend of $0.11 per share. This is a positive change from DiamondRock Hospitality’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.44 dividend on an annualized basis and a yield of 3.3%. DiamondRock Hospitality’s payout ratio is currently 49.32%.

Insider Activity

In other news, Director Michael A. Hartmeier sold 20,000 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $10.46, for a total value of $209,200.00. Following the sale, the director directly owned 95,354 shares of the company’s stock, valued at approximately $997,402.84. This represents a 17.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kathleen Merrill sold 20,000 shares of the firm’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 transaction of $237,600.00. Following the completion of the transaction, the director owned 84,335 shares of the company’s stock, valued at $1,001,899.80. This trade represents a 19.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on DRH shares. Morgan Stanley raised their price objective on shares of DiamondRock Hospitality from $9.60 to $10.00 and gave the stock an “equal weight” rating in a report on Friday, July 17th. Stifel Nicolaus increased their target price on shares of DiamondRock Hospitality from $12.50 to $13.25 and gave the company a “hold” rating in a research report on Friday. Wells Fargo & Company raised their price target on shares of DiamondRock Hospitality from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 23rd. LADENBURG THALM/SH SH upped their price objective on DiamondRock Hospitality from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Finally, Truist Financial increased their price objective on DiamondRock Hospitality from $11.00 to $12.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.22.

Check Out Our Latest Report on DiamondRock Hospitality

About DiamondRock Hospitality

(Free Report)

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.