Janus Henderson Group PLC Has $12.30 Million Stock Holdings in DiamondRock Hospitality Company $DRH

Janus Henderson Group PLC grew its position in DiamondRock Hospitality Company (NYSE:DRH) by 10.1% during the first quarter, HoldingsChannel reports. The firm owned 1,312,694 shares of the real estate investment trust’s stock after buying an additional 119,921 shares during the quarter. Janus Henderson Group PLC’s holdings in DiamondRock Hospitality were worth $12,299,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Cohen & Steers Inc. bought a new stake in shares of DiamondRock Hospitality during the 4th quarter worth $59,231,000. SG Americas Securities LLC raised its holdings in DiamondRock Hospitality by 106.1% in the 1st quarter. SG Americas Securities LLC now owns 4,172,671 shares of the real estate investment trust’s stock worth $39,098,000 after acquiring an additional 2,147,881 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its position in 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 worth $20,540,000 after acquiring an additional 2,064,760 shares during the last quarter. Qube Research & Technologies Ltd lifted its position in DiamondRock Hospitality by 469.0% during the 3rd quarter. Qube Research & Technologies Ltd now owns 2,002,863 shares of the real estate investment trust’s stock worth $15,943,000 after acquiring an additional 1,650,871 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in DiamondRock Hospitality by 17.5% during the second quarter. Bank of America Corp DE now owns 9,231,991 shares of the real estate investment trust’s stock valued at $70,717,000 after acquiring an additional 1,377,897 shares during the period.

Insiders Place Their Bets

In other news, Director Michael A. Hartmeier sold 20,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $10.46, for a total value of $209,200.00. Following the sale, the director owned 95,354 shares of the company’s stock, valued at approximately $997,402.84. This represents a 17.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kathleen Merrill sold 20,000 shares of the 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 sale, the director owned 84,335 shares of the company’s stock, valued at $1,001,899.80. This trade represents a 19.17% decrease in their position. The SEC filing for this sale provides additional information. 0.90% of the stock is currently owned by company insiders.

DiamondRock Hospitality Trading Down 0.6%

DRH stock opened at $13.30 on Wednesday. DiamondRock Hospitality Company has a 1-year low of $7.45 and a 1-year high of $13.79. The firm has a market cap of $2.72 billion, a P/E ratio of 53.20, a P/E/G ratio of 4.50 and a beta of 0.98. The business’s 50 day moving average is $12.15 and its 200-day moving average is $10.68. 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 (NYSE:DRH) last issued its earnings results on Thursday, July 30th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.22. The business had revenue of $318.29 million during the quarter, compared to analysts’ expectations of $314.98 million. DiamondRock Hospitality had a return on equity of 4.04% and a net margin of 5.69%.DiamondRock Hospitality’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 EPS. DiamondRock Hospitality has set its FY 2026 guidance at 1.180-1.230 EPS. Equities analysts anticipate that DiamondRock Hospitality Company will post 0.96 earnings per share 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 paid a dividend of $0.11 per share. This is an increase from DiamondRock Hospitality’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a yield of 3.3%. The ex-dividend date is Wednesday, September 30th. DiamondRock Hospitality’s dividend payout ratio is currently 60.27%.

Analysts Set New Price Targets

DRH has been the topic of several research analyst reports. Morgan Stanley raised their price target on DiamondRock Hospitality from $9.60 to $10.00 and gave the company an “equal weight” rating in a research report on Friday, July 17th. Barclays increased their target price on DiamondRock Hospitality from $10.00 to $12.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Wells Fargo & Company raised their target price on DiamondRock Hospitality from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. LADENBURG THALM/SH SH lifted their price target on DiamondRock Hospitality from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Finally, Truist Financial upped their price target on DiamondRock Hospitality from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $12.22.

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.