Man Group plc Invests $5.18 Million in DiamondRock Hospitality Company $DRH

Man Group plc bought a new position in shares of DiamondRock Hospitality Company (NYSE:DRH) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 425,573 shares of the real estate investment trust’s stock, valued at approximately $5,183,000. Man Group plc owned 0.21% of DiamondRock Hospitality as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in DiamondRock Hospitality in the second quarter valued at approximately $475,282,000. Cohen & Steers Inc. acquired a new stake in shares of DiamondRock Hospitality during the 4th quarter worth approximately $59,231,000. Pzena Investment Management LLC acquired a new stake in shares of DiamondRock Hospitality during the 2nd quarter worth approximately $34,464,000. SG Americas Securities LLC increased its holdings in shares of 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 in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of 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 in the last quarter.

Analysts Set New Price Targets

A number of analysts recently issued reports on DRH shares. Zacks Research raised shares of DiamondRock Hospitality from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 19th. Stifel Nicolaus lifted their price objective on shares of DiamondRock Hospitality from $12.50 to $13.25 and gave the company a “hold” rating in a report on Friday, July 31st. Wells Fargo & Company upped their price objective on shares of DiamondRock Hospitality from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 23rd. Citigroup upped their price objective on shares of DiamondRock Hospitality from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 22nd. Finally, Bank of America raised their target price on DiamondRock Hospitality from $12.50 to $13.00 and gave the company a “buy” rating in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.53.

Insider Activity

In other news, Director Kathleen Merrill sold 20,000 shares of DiamondRock Hospitality stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $11.88, for a total value of $237,600.00. Following the sale, the director owned 84,335 shares in the company, valued at $1,001,899.80. This trade 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 this link. 0.90% of the stock is currently owned by company insiders.

DiamondRock Hospitality Stock Performance

Shares of DRH stock opened at $12.70 on Monday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.64 and a quick ratio of 1.64. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 50.80, a PEG ratio of 4.50 and a beta of 0.98. The stock has a 50 day simple moving average of $12.49 and a 200-day simple moving average of $11.09. DiamondRock Hospitality Company has a 1-year low of $7.47 and a 1-year high of $13.79.

DiamondRock Hospitality (NYSE:DRH) last released its quarterly earnings results 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. The firm had revenue of $318.29 million for 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 revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 EPS. DiamondRock Hospitality has set its FY 2026 guidance at 1.180-1.230 EPS. On average, equities research analysts expect that DiamondRock Hospitality Company will post 0.96 EPS for the current fiscal year.

DiamondRock Hospitality Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This is a positive change from DiamondRock Hospitality’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a yield of 3.5%. DiamondRock Hospitality’s payout ratio is 60.27%.

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.