627,337 Shares in DiamondRock Hospitality Company $DRH Acquired by Danske Bank A S

Danske Bank A S acquired a new stake in DiamondRock Hospitality Company (NYSE:DRH) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 627,337 shares of the real estate investment trust’s stock, valued at approximately $7,641,000. Danske Bank A S owned approximately 0.31% of DiamondRock Hospitality at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Allworth Financial LP lifted its holdings in shares of DiamondRock Hospitality by 146.0% during the fourth quarter. Allworth Financial LP now owns 2,859 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 1,697 shares in the last quarter. First Horizon Corp increased its holdings in DiamondRock Hospitality by 54.9% in the 4th quarter. First Horizon Corp now owns 3,214 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 1,139 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in DiamondRock Hospitality by 77.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,436 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 1,498 shares during the last quarter. Global Retirement Partners LLC lifted its stake in DiamondRock Hospitality by 12,114.7% during the 4th quarter. Global Retirement Partners LLC now owns 4,153 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 4,119 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in DiamondRock Hospitality by 32.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,990 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 1,470 shares during the period.

DiamondRock Hospitality Trading Up 0.4%

DRH stock opened at $12.82 on Friday. DiamondRock Hospitality Company has a 1-year low of $7.47 and a 1-year high of $13.79. 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 capitalization of $2.62 billion, a price-to-earnings ratio of 51.28, a PEG ratio of 4.50 and a beta of 0.98. The business has a 50 day simple moving average of $12.43 and a two-hundred day simple moving average of $10.96.

DiamondRock Hospitality (NYSE:DRH) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.44 EPS for the quarter, topping the consensus estimate of $0.22 by $0.22. DiamondRock Hospitality had a net margin of 5.69% and a return on equity of 4.04%. The firm had revenue of $318.29 million for the quarter, compared to the consensus estimate of $314.98 million. During the same quarter in the previous year, the firm earned $0.35 earnings per share. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. DiamondRock Hospitality has set its FY 2026 guidance at 1.180-1.230 EPS. Research analysts anticipate that DiamondRock Hospitality Company will post 0.96 EPS for the current fiscal year.

DiamondRock Hospitality Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be issued a $0.11 dividend. This is a positive change from DiamondRock Hospitality’s previous quarterly dividend of $0.09. The ex-dividend date is Wednesday, September 30th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.4%. DiamondRock Hospitality’s dividend payout ratio (DPR) is presently 60.27%.

Insider Activity at DiamondRock Hospitality

In other DiamondRock Hospitality news, Director Kathleen Merrill sold 20,000 shares of DiamondRock Hospitality stock in a transaction on Friday, June 12th. The shares were sold at an average price of $11.88, for a total transaction of $237,600.00. Following the completion of the transaction, the director directly owned 84,335 shares of the company’s stock, valued at $1,001,899.80. The trade was a 19.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Truist Financial lifted their price target on shares of DiamondRock Hospitality from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Barclays raised their target price on shares of DiamondRock Hospitality from $10.00 to $12.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. LADENBURG THALM/SH SH lifted their target price on shares of DiamondRock Hospitality from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Zacks Research upgraded shares of DiamondRock Hospitality from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Citigroup increased their price target on DiamondRock Hospitality from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. 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 data from MarketBeat, DiamondRock Hospitality has an average rating of “Moderate Buy” and a consensus price target of $12.32.

DiamondRock Hospitality Company 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.