Tudor Investment Corp ET AL Invests $450,000 in DiamondRock Hospitality Company $DRH

Tudor Investment Corp ET AL purchased a new position in shares of DiamondRock Hospitality Company (NYSE:DRH) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 56,488 shares of the real estate investment trust’s stock, valued at approximately $450,000.

Other hedge funds have also recently modified their holdings of the company. Hudson Bay Capital Management LP purchased a new stake in shares of DiamondRock Hospitality during the 3rd quarter worth about $9,098,000. Wolverine Asset Management LLC purchased a new stake in shares of DiamondRock Hospitality during the 3rd quarter worth about $3,216,000. Centersquare Investment Management LLC grew its holdings in shares of DiamondRock Hospitality by 6.0% during the 3rd quarter. Centersquare Investment Management LLC now owns 7,536,975 shares of the real estate investment trust’s stock worth $59,994,000 after purchasing an additional 427,467 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of DiamondRock Hospitality during the 3rd quarter worth about $2,823,000. Finally, Segall Bryant & Hamill LLC purchased a new stake in shares of DiamondRock Hospitality during the 3rd quarter worth about $2,491,000.

Insider Transactions at DiamondRock Hospitality

In other DiamondRock Hospitality news, CAO Steve Spierto sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $9.93, for a total value of $39,720.00. Following the sale, the chief accounting officer owned 77,977 shares of the company’s stock, valued at $774,311.61. This trade represents a 4.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.90% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Truist Financial upgraded DiamondRock Hospitality from a “hold” rating to a “buy” rating and boosted their target price for the stock from $10.00 to $11.00 in a report on Friday, January 9th. LADENBURG THALM/SH SH assumed coverage on DiamondRock Hospitality in a report on Thursday, March 26th. They set a “buy” rating and a $12.00 target price for the company. Barclays assumed coverage on DiamondRock Hospitality in a report on Tuesday, January 6th. They set an “equal weight” rating and a $10.00 target price for the company. Deutsche Bank Aktiengesellschaft upgraded DiamondRock Hospitality from a “hold” rating to a “buy” rating and boosted their target price for the stock from $10.00 to $12.00 in a report on Tuesday, January 13th. Finally, Morgan Stanley boosted their target price on DiamondRock Hospitality from $9.00 to $9.50 and gave the stock an “equal weight” rating in a report on Friday, April 10th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $10.25.

DiamondRock Hospitality Trading Down 1.1%

NYSE:DRH opened at $10.30 on Thursday. DiamondRock Hospitality Company has a 1 year low of $6.76 and a 1 year high of $10.67. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 41.20, a PEG ratio of 4.50 and a beta of 0.99. The business has a fifty day moving average of $9.72 and a 200-day moving average of $9.07. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.64 and a current ratio of 1.64.

DiamondRock Hospitality (NYSE:DRH) last released its quarterly earnings results on Thursday, February 26th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. The company had revenue of $274.53 million during the quarter, compared to analysts’ expectations of $273.18 million. DiamondRock Hospitality had a return on equity of 4.04% and a net margin of 5.69%.The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.24 earnings per share. DiamondRock Hospitality has set its FY 2026 guidance at 1.090-1.160 EPS. Equities analysts predict 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 was paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st were issued a $0.09 dividend. This is an increase from DiamondRock Hospitality’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.36 dividend on an annualized basis and a yield of 3.5%. DiamondRock Hospitality’s payout ratio is 81.82%.

DiamondRock Hospitality Company Profile

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.