DiamondRock Hospitality Company $DRH Shares Sold by Inspire Investing LLC

Inspire Investing LLC trimmed its position in shares of DiamondRock Hospitality Company (NYSE:DRH) by 3.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,103 shares of the real estate investment trust’s stock after selling 1,843 shares during the period. Inspire Investing LLC’s holdings in DiamondRock Hospitality were worth $391,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in DRH. Nuveen LLC acquired a new position in DiamondRock Hospitality during the first quarter worth $18,262,000. Deutsche Bank AG raised its stake in shares of DiamondRock Hospitality by 723.6% in the first quarter. Deutsche Bank AG now owns 2,268,828 shares of the real estate investment trust’s stock valued at $17,515,000 after acquiring an additional 1,993,345 shares in the last quarter. H 2 Credit Manager LP raised its stake in shares of DiamondRock Hospitality by 35.6% in the first quarter. H 2 Credit Manager LP now owns 5,075,150 shares of the real estate investment trust’s stock valued at $39,180,000 after acquiring an additional 1,333,705 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC raised its stake in shares of DiamondRock Hospitality by 66.7% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,748,875 shares of the real estate investment trust’s stock valued at $21,221,000 after acquiring an additional 1,100,070 shares in the last quarter. Finally, Dark Forest Capital Management LP raised its stake in shares of DiamondRock Hospitality by 5,687.6% in the first quarter. Dark Forest Capital Management LP now owns 750,823 shares of the real estate investment trust’s stock valued at $5,796,000 after acquiring an additional 737,850 shares in the last quarter.

Analysts Set New Price Targets

Several analysts have recently issued reports on DRH shares. Weiss Ratings reiterated a “hold (c)” rating on shares of DiamondRock Hospitality in a research note on Wednesday, October 8th. Wells Fargo & Company upgraded DiamondRock Hospitality to a “hold” rating in a research note on Friday, October 3rd. One research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, DiamondRock Hospitality has a consensus rating of “Hold” and a consensus price target of $8.63.

DiamondRock Hospitality Stock Performance

NYSE:DRH opened at $7.72 on Wednesday. The firm has a market capitalization of $1.58 billion, a PE ratio of 29.70 and a beta of 1.38. The business’s fifty day moving average price is $8.11 and its 200 day moving average price is $7.76. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 1.30. DiamondRock Hospitality Company has a 12 month low of $6.18 and a 12 month high of $10.00.

DiamondRock Hospitality (NYSE:DRH) last posted its earnings results on Thursday, August 7th. The real estate investment trust reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. The firm had revenue of $305.70 million for the quarter, compared to analyst estimates of $303.70 million. DiamondRock Hospitality had a return on equity of 4.23% and a net margin of 6.04%.DiamondRock Hospitality’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.34 earnings per share. DiamondRock Hospitality has set its FY 2025 guidance at 0.960-1.060 EPS. On average, sell-side analysts anticipate that DiamondRock Hospitality Company will post 0.96 earnings per share for the current fiscal year.

DiamondRock Hospitality Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Tuesday, September 30th. DiamondRock Hospitality’s dividend payout ratio is 123.08%.

DiamondRock Hospitality Profile

DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in leisure destinations and top gateway markets. The Company currently owns 36 premium quality hotels with over 9,700 rooms. The Company has strategically positioned its portfolio to be operated both under leading global brand families as well as independent boutique hotels in the lifestyle segment.