State of Wyoming Makes New Investment in DiamondRock Hospitality Company $DRH

Posted by Brenda Bartman on Aug 17th, 2026

State of Wyoming purchased a new stake in shares of DiamondRock Hospitality Company (NYSE:DRH – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 56,947 shares of the real estate investment trust’s stock, valued at approximately $694,000.

Other hedge funds have also modified their holdings of the company. State Street Corp grew its stake in DiamondRock Hospitality by 0.8% in the second quarter. State Street Corp now owns 12,587,578 shares of the real estate investment trust’s stock valued at $97,400,000 after purchasing an additional 93,929 shares in the last quarter. Bank of America Corp DE increased its position in DiamondRock Hospitality by 17.5% in the 2nd quarter. Bank of America Corp DE now owns 9,231,991 shares of the real estate investment trust’s stock worth $70,717,000 after purchasing an additional 1,377,897 shares during the last quarter. Alyeska Investment Group L.P. increased its position in DiamondRock Hospitality by 5.5% in the 3rd quarter. Alyeska Investment Group L.P. now owns 9,152,343 shares of the real estate investment trust’s stock worth $72,853,000 after purchasing an additional 475,611 shares during the last quarter. Centersquare Investment Management LLC raised its stake in shares of DiamondRock Hospitality by 3.2% during the 4th quarter. Centersquare Investment Management LLC now owns 7,780,988 shares of the real estate investment trust’s stock worth $69,718,000 after purchasing an additional 244,013 shares in the last quarter. Finally, Cohen & Steers Inc. purchased a new stake in shares of DiamondRock Hospitality during the 4th quarter worth about $59,231,000.

DiamondRock Hospitality Price Performance

Shares of NYSE:DRH opened at $12.36 on Monday. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 49.44, a PEG ratio of 4.50 and a beta of 0.98. The business has a 50 day moving average price of $12.34 and a 200 day moving average price of $10.85. 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 twelve month low of $7.47 and a twelve month high of $13.79.

DiamondRock Hospitality (NYSE:DRH – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $314.98 million. During the same quarter last year, the company posted $0.35 earnings per share. DiamondRock Hospitality’s quarterly revenue was up 4.1% on a year-over-year basis. DiamondRock Hospitality has set its FY 2026 guidance at 1.180-1.230 EPS. Research analysts predict that DiamondRock Hospitality Company will post 0.96 earnings per share for the current year.

DiamondRock Hospitality Increases Dividend

The business 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. The ex-dividend date is Wednesday, September 30th. This represents a $0.44 annualized dividend and a yield of 3.6%. This is a positive change from DiamondRock Hospitality’s previous quarterly dividend of $0.09. DiamondRock Hospitality’s dividend payout ratio (DPR) is 60.27%.

Insider Transactions at DiamondRock Hospitality

In other news, Director Kathleen Merrill sold 20,000 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were 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. The trade was a 19.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on DRH. Citigroup boosted their price target on DiamondRock Hospitality from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. Barclays raised their price objective on shares of DiamondRock Hospitality from $10.00 to $12.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. Stifel Nicolaus boosted their target price on shares of DiamondRock Hospitality from $12.50 to $13.25 and gave the stock a “hold” rating in a research report on Friday, July 31st. Wells Fargo & Company increased 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. Finally, Truist Financial raised their price target on shares of 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 assigned a Hold rating to the stock. According to MarketBeat.com, DiamondRock Hospitality presently has a consensus rating of “Hold” and a consensus target price of $12.22.

Read Our Latest Stock Analysis on DiamondRock Hospitality

DiamondRock Hospitality Company 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.