First Trust Advisors LP Has $3.60 Million Stock Holdings in DiamondRock Hospitality Company $DRH

Posted by Francis Steltz on Aug 6th, 2026

First Trust Advisors LP reduced its stake in DiamondRock Hospitality Company (NYSE:DRH – Free Report) by 10.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 384,182 shares of the real estate investment trust’s stock after selling 45,502 shares during the period. First Trust Advisors LP’s holdings in DiamondRock Hospitality were worth $3,600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of DRH. Allworth Financial LP raised its position in shares of DiamondRock Hospitality by 146.0% in the fourth 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 boosted its holdings 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 worth $29,000 after buying an additional 1,139 shares during the period. EverSource Wealth Advisors LLC boosted its holdings 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 buying 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 about $33,000. Finally, Global Retirement Partners LLC grew its stake in 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 valued at $37,000 after buying an additional 4,119 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts have weighed in on DRH shares. Bank of America increased their price target on shares of DiamondRock Hospitality from $12.50 to $13.00 and gave the company a “buy” rating in a report on Monday, July 20th. Wells Fargo & Company boosted their price target on DiamondRock Hospitality from $12.00 to $13.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. Truist Financial boosted their price target 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 objective on shares of DiamondRock Hospitality from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Finally, Citigroup increased their price objective on shares of DiamondRock Hospitality from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, DiamondRock Hospitality presently has an average rating of “Hold” and an average target price of $12.22.

Read Our Latest Research Report on DRH

Insider Activity at DiamondRock Hospitality

In other news, Director Michael A. Hartmeier sold 20,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $10.46, for a total transaction of $209,200.00. Following the completion of the transaction, the director owned 95,354 shares of the company’s stock, valued at approximately $997,402.84. This trade represents a 17.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kathleen Merrill sold 20,000 shares of DiamondRock Hospitality stock in a transaction on Friday, June 12th. The stock was sold at an average price of $11.88, for a total transaction of $237,600.00. Following the transaction, the director 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 disclosure for this sale is available in the SEC filing. Corporate insiders own 0.90% of the company’s stock.

DiamondRock Hospitality Stock Performance

NYSE:DRH opened at $13.26 on Thursday. The stock’s 50-day moving average is $12.19 and its 200-day moving average is $10.71. DiamondRock Hospitality Company has a 1-year low of $7.45 and a 1-year high of $13.79. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.70. The stock has a market cap of $2.71 billion, a P/E ratio of 53.04, a price-to-earnings-growth ratio of 4.50 and a beta of 0.98.

DiamondRock Hospitality (NYSE:DRH – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.22. The business had revenue of $318.29 million during the quarter, compared to analyst estimates of $314.98 million. DiamondRock Hospitality had a net margin of 5.69% and a return on equity of 4.04%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the business earned $0.35 EPS. DiamondRock Hospitality has set its FY 2026 guidance at 1.180-1.230 EPS. Equities research analysts anticipate that DiamondRock Hospitality Company will post 0.96 earnings per share for the current year.

DiamondRock Hospitality Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be given a $0.11 dividend. This is an increase from DiamondRock Hospitality’s previous quarterly dividend of $0.09. The ex-dividend date is Wednesday, September 30th. This represents a $0.44 annualized dividend and a yield of 3.3%. DiamondRock Hospitality’s dividend payout ratio is currently 60.27%.

DiamondRock Hospitality Profile

(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.