Tudor Investment Corp ET AL Purchases New Shares in DiamondRock Hospitality Company $DRH

Tudor Investment Corp ET AL bought a new position in shares of DiamondRock Hospitality Company (NYSE:DRH) during the third quarter, HoldingsChannel reports. The institutional investor bought 56,488 shares of the real estate investment trust’s stock, valued at approximately $450,000.

A number of other large investors have also recently modified their holdings of the company. Danske Bank A S purchased a new stake in DiamondRock Hospitality during the third quarter valued at approximately $33,000. State of Wyoming acquired a new position in shares of DiamondRock Hospitality during the second quarter worth $58,000. Smartleaf Asset Management LLC lifted its holdings in shares of DiamondRock Hospitality by 33.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 9,294 shares of the real estate investment trust’s stock valued at $72,000 after purchasing an additional 2,349 shares during the last quarter. United Services Automobile Association acquired a new stake in shares of DiamondRock Hospitality during the first quarter worth about $91,000. Finally, Journey Strategic Wealth LLC purchased a new stake in DiamondRock Hospitality in the third quarter valued at approximately $97,000.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on DRH shares. Truist Financial upgraded DiamondRock Hospitality from a “hold” rating to a “buy” rating and raised their target price for the company from $10.00 to $11.00 in a research report on Friday, January 9th. LADENBURG THALM/SH SH began coverage on DiamondRock Hospitality in a research note on Thursday, March 26th. They set a “buy” rating and a $12.00 price objective for the company. Barclays began 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. Finally, Deutsche Bank Aktiengesellschaft upgraded DiamondRock Hospitality from a “hold” rating to a “buy” rating and raised their target price for the company from $10.00 to $12.00 in a research report on Tuesday, January 13th. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, DiamondRock Hospitality has a consensus rating of “Hold” and a consensus price target of $10.14.

Insider Buying and Selling

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

DiamondRock Hospitality Stock Down 0.1%

DiamondRock Hospitality stock opened at $9.36 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.64 and a current ratio of 1.64. The company has a market capitalization of $1.92 billion, a PE ratio of 37.44, a price-to-earnings-growth ratio of 4.50 and a beta of 0.98. The firm has a 50 day moving average price of $9.61 and a 200 day moving average price of $8.96. DiamondRock Hospitality Company has a fifty-two week low of $6.18 and a fifty-two week high of $10.67.

DiamondRock Hospitality (NYSE:DRH) last announced its quarterly earnings data on Thursday, February 26th. The real estate investment trust reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. DiamondRock Hospitality had a return on equity of 4.04% and a net margin of 5.69%.The business had revenue of $274.53 million during the quarter, compared to the consensus estimate of $273.18 million. During the same period in the previous year, the company posted $0.24 earnings per share. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. DiamondRock Hospitality has set its FY 2026 guidance at 1.090-1.160 EPS. Research analysts expect that DiamondRock Hospitality Company will post 0.96 earnings per share for the current year.

DiamondRock Hospitality Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.09 per share. This is a boost from DiamondRock Hospitality’s previous quarterly dividend of $0.08. The ex-dividend date is Tuesday, March 31st. This represents a $0.36 annualized dividend and a yield of 3.8%. DiamondRock Hospitality’s dividend payout ratio (DPR) is presently 81.82%.

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.