Jefferies Financial Group Inc. Acquires New Position in DiamondRock Hospitality Company $DRH

Posted by Geri Gentry on Sep 1st, 2026

Jefferies Financial Group Inc. bought a new position in shares of DiamondRock Hospitality Company (NYSE:DRH – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 48,754 shares of the real estate investment trust’s stock, valued at approximately $594,000.

A number of other hedge funds also recently added to or reduced their stakes in DRH. BlackRock Inc. purchased a new stake in shares of DiamondRock Hospitality during the second quarter worth $475,282,000. Bank of America Corp DE acquired a new stake in shares of DiamondRock Hospitality in the second quarter valued at $129,710,000. Cohen & Steers Inc. purchased a new position in DiamondRock Hospitality in the fourth quarter valued at $59,231,000. Pzena Investment Management LLC purchased a new position in DiamondRock Hospitality in the second quarter valued at $34,464,000. Finally, SG Americas Securities LLC grew its stake in DiamondRock Hospitality by 106.1% during the 1st quarter. SG Americas Securities LLC now owns 4,172,671 shares of the real estate investment trust’s stock worth $39,098,000 after purchasing an additional 2,147,881 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on DRH shares. Zacks Research upgraded DiamondRock Hospitality from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 19th. Citigroup lifted their price objective on DiamondRock Hospitality from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. Morgan Stanley boosted their price objective on DiamondRock Hospitality from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 18th. LADENBURG THALM/SH SH upped their target price on shares of DiamondRock Hospitality from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Finally, Wells Fargo & Company upped their target price 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. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $12.53.

View Our Latest Stock Report on DRH

Insider Activity

In other news, Director Kathleen Merrill sold 20,000 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $11.88, for a total value of $237,600.00. Following the transaction, the director owned 84,335 shares in the company, valued at approximately $1,001,899.80. This represents a 19.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.90% of the company’s stock.

DiamondRock Hospitality Price Performance

DiamondRock Hospitality stock opened at $12.31 on Tuesday. 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 company has a fifty day simple moving average of $12.49 and a 200-day simple moving average of $11.10. The stock has a market cap of $2.52 billion, a P/E ratio of 49.24, a price-to-earnings-growth ratio of 4.50 and a beta of 0.98. DiamondRock Hospitality Company has a 12-month low of $7.47 and a 12-month 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, beating the consensus estimate of $0.22 by $0.22. The firm had revenue of $318.29 million for the quarter, compared to analyst estimates of $314.98 million. DiamondRock Hospitality had a return on equity of 4.04% and a net margin of 5.69%.DiamondRock Hospitality’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 earnings per share. DiamondRock Hospitality has set its FY 2026 guidance at 1.180-1.230 EPS. Equities analysts expect that DiamondRock Hospitality Company will post 0.96 EPS for the current fiscal year.

DiamondRock Hospitality Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.44 annualized dividend and a dividend yield of 3.6%. This is an increase from DiamondRock Hospitality’s previous quarterly dividend of $0.09. DiamondRock Hospitality’s payout ratio is currently 60.27%.

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.