Sei Investments Co. increased its position in shares of DiamondRock Hospitality Company (NYSE:DRH – Free Report) by 43.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 192,171 shares of the real estate investment trust’s stock after buying an additional 58,224 shares during the period. Sei Investments Co. owned about 0.09% of DiamondRock Hospitality worth $1,801,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its position in shares of DiamondRock Hospitality by 223.2% during the first quarter. AQR Capital Management LLC now owns 65,376 shares of the real estate investment trust’s stock worth $505,000 after buying an additional 45,146 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in DiamondRock Hospitality by 5.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 123,672 shares of the real estate investment trust’s stock valued at $955,000 after acquiring an additional 5,971 shares in the last quarter. United Services Automobile Association bought a new position in DiamondRock Hospitality during the 1st quarter valued at $91,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in DiamondRock Hospitality by 3.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,327,841 shares of the real estate investment trust’s stock valued at $10,251,000 after acquiring an additional 48,558 shares during the last quarter. Finally, Creative Planning acquired a new position in DiamondRock Hospitality during the 2nd quarter worth $99,000.
Insider Activity at DiamondRock Hospitality
In other DiamondRock Hospitality news, 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 sale, the director owned 84,335 shares of the company’s stock, valued at $1,001,899.80. The trade was a 19.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $209,200.00. Following the transaction, the director directly owned 95,354 shares in the company, valued at $997,402.84. This trade represents a 17.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.90% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on DiamondRock Hospitality
DiamondRock Hospitality Stock Performance
Shares of NYSE:DRH opened at $12.53 on Monday. 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 price is $12.25 and its 200 day moving average price is $10.75. The company has a market cap of $2.56 billion, a PE ratio of 50.12, a P/E/G ratio of 4.50 and a beta of 0.98. DiamondRock Hospitality Company has a fifty-two week low of $7.45 and a fifty-two week high of $13.79.
DiamondRock Hospitality (NYSE:DRH – Get Free Report) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.44 EPS for the quarter, topping the consensus estimate of $0.22 by $0.22. The firm had revenue of $318.29 million during the quarter, compared to analysts’ expectations of $314.98 million. DiamondRock Hospitality had a net margin of 5.69% and a return on equity of 4.04%. DiamondRock Hospitality’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 EPS. DiamondRock Hospitality has set its FY 2026 guidance at 1.180-1.230 EPS. Sell-side 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 announced a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be given a $0.11 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.44 annualized dividend and a yield of 3.5%. This is an increase from DiamondRock Hospitality’s previous quarterly dividend of $0.09. DiamondRock Hospitality’s payout ratio is 60.27%.
About DiamondRock Hospitality
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.
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