Ieq Capital LLC Purchases New Shares in DiamondRock Hospitality Company $DRH

Ieq Capital LLC purchased a new position in DiamondRock Hospitality Company (NYSE:DRH) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 300,307 shares of the real estate investment trust’s stock, valued at approximately $3,658,000.

Several other institutional investors and hedge funds also recently bought and sold shares of DRH. BlackRock Inc. purchased a new stake in shares of DiamondRock Hospitality in the second quarter valued at $475,282,000. Cohen & Steers Inc. purchased a new position in shares of DiamondRock Hospitality during the 4th quarter worth about $59,231,000. Pzena Investment Management LLC bought a new position in DiamondRock Hospitality during the 2nd quarter valued at about $34,464,000. SG Americas Securities LLC grew its holdings 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 valued at $39,098,000 after purchasing an additional 2,147,881 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in DiamondRock Hospitality by 907.2% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,292,360 shares of the real estate investment trust’s stock valued at $20,540,000 after purchasing an additional 2,064,760 shares during the last quarter.

Insider Activity

In related news, Director Kathleen Merrill sold 20,000 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $1,001,899.80. This represents a 19.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.90% of the company’s stock.

DiamondRock Hospitality Trading Down 0.6%

DRH stock opened at $12.74 on Tuesday. DiamondRock Hospitality Company has a 12 month low of $7.47 and a 12 month high of $13.79. The firm’s 50-day moving average is $12.45 and its 200 day moving average is $11.00. The company has a market capitalization of $2.61 billion, a PE ratio of 50.96, a P/E/G ratio of 4.50 and a beta of 0.98. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.64 and a quick ratio of 1.64.

DiamondRock Hospitality (NYSE:DRH) last released its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.22. The company 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%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.35 EPS. DiamondRock Hospitality has set its FY 2026 guidance at 1.180-1.230 EPS. On average, research analysts anticipate that DiamondRock Hospitality Company will post 0.96 EPS for the current year.

DiamondRock Hospitality Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be issued a $0.11 dividend. The ex-dividend date is Wednesday, September 30th. This is a positive change from DiamondRock Hospitality’s previous quarterly dividend of $0.09. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.5%. DiamondRock Hospitality’s dividend payout ratio (DPR) is presently 60.27%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DRH. Barclays raised their price objective on shares of DiamondRock Hospitality from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Stifel Nicolaus upped their target price on DiamondRock Hospitality from $12.50 to $13.25 and gave the company a “hold” rating in a research note on Friday, July 31st. LADENBURG THALM/SH SH increased their price target on DiamondRock Hospitality from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Zacks Research raised DiamondRock Hospitality from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 19th. Finally, Morgan Stanley boosted their price objective on DiamondRock Hospitality from $10.00 to $11.00 and gave the company an “equal weight” rating in a report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $12.32.

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.