696,687 Shares in DiamondRock Hospitality Company $DRH Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new position in shares of DiamondRock Hospitality Company (NYSE:DRH) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 696,687 shares of the real estate investment trust’s stock, valued at approximately $8,490,000.

Other large investors also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its position in shares of DiamondRock Hospitality by 146.0% in the fourth quarter. Allworth Financial LP now owns 2,859 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 1,697 shares during the period. EverSource Wealth Advisors LLC raised its position in DiamondRock Hospitality by 77.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,436 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 1,498 shares during the period. Danske Bank A S acquired a new position in DiamondRock Hospitality during the third quarter valued at $33,000. Global Retirement Partners LLC raised its position in DiamondRock Hospitality by 12,114.7% during the fourth quarter. Global Retirement Partners LLC now owns 4,153 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 4,119 shares during the period. Finally, State of Wyoming purchased a new stake in DiamondRock Hospitality in the 2nd quarter worth about $58,000.

Analysts Set New Price Targets

A number of equities research analysts have commented on DRH shares. Wells Fargo & Company raised their price objective on DiamondRock Hospitality from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 23rd. Barclays upped their target price on DiamondRock Hospitality from $12.00 to $14.00 and gave the company an “equal weight” rating in a report on Thursday. Bank of America increased their price target on shares of DiamondRock Hospitality from $12.50 to $13.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Morgan Stanley raised their price target on shares of DiamondRock Hospitality from $10.00 to $11.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 18th. Finally, Zacks Research raised shares of DiamondRock Hospitality from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 19th. One equities research 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $12.53.

DiamondRock Hospitality Trading Up 0.1%

NYSE DRH opened at $12.70 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.70. DiamondRock Hospitality Company has a 1-year low of $7.47 and a 1-year high of $13.79. The firm’s fifty day simple moving average is $12.49 and its 200-day simple moving average is $11.08. The company has a market capitalization of $2.60 billion, a PE ratio of 50.80, a price-to-earnings-growth ratio of 4.50 and a beta of 0.98.

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 analysts’ consensus estimates of $0.22 by $0.22. DiamondRock Hospitality had a return on equity of 4.04% and a net margin of 5.69%.The firm had revenue of $318.29 million during the quarter, compared to analysts’ expectations of $314.98 million. During the same quarter last year, the firm earned $0.35 earnings per share. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. DiamondRock Hospitality has set its FY 2026 guidance at 1.180-1.230 EPS. As a group, sell-side analysts anticipate that DiamondRock Hospitality Company will post 0.96 earnings per share for the current fiscal year.

DiamondRock Hospitality Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.11 per share. This is a boost from DiamondRock Hospitality’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Wednesday, September 30th. 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 60.27%.

Insider Buying and Selling at DiamondRock Hospitality

In other news, Director Kathleen Merrill sold 20,000 shares of DiamondRock Hospitality stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $11.88, for a total transaction of $237,600.00. Following the completion of the sale, the director directly owned 84,335 shares in the company, valued at $1,001,899.80. The trade was a 19.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.90% of the stock is owned by company insiders.

DiamondRock Hospitality 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.