Man Group plc Takes $5.18 Million Position in DiamondRock Hospitality Company $DRH

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

Several other large investors have also recently made changes to their positions in DRH. ProShare Advisors LLC raised its stake in DiamondRock Hospitality by 3.1% in the 4th quarter. ProShare Advisors LLC now owns 40,041 shares of the real estate investment trust’s stock valued at $359,000 after purchasing an additional 1,203 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in DiamondRock Hospitality by 77.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,436 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 1,498 shares during the last quarter. Gallacher Capital Management LLC boosted its stake in DiamondRock Hospitality by 5.8% during the 1st quarter. Gallacher Capital Management LLC now owns 27,509 shares of the real estate investment trust’s stock worth $258,000 after purchasing an additional 1,504 shares during the last quarter. Metis Global Partners LLC grew its holdings in shares of DiamondRock Hospitality by 3.6% during the fourth quarter. Metis Global Partners LLC now owns 48,193 shares of the real estate investment trust’s stock worth $432,000 after buying an additional 1,667 shares in the last quarter. Finally, Allworth Financial LP grew 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 worth $26,000 after buying an additional 1,697 shares in the last quarter.

Insider Transactions at DiamondRock Hospitality

In other DiamondRock Hospitality news, Director Kathleen Merrill sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was 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 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 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 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 firm has a market cap of $2.60 billion, a PE ratio of 50.80, a price-to-earnings-growth ratio of 4.50 and a beta of 0.98. The company has a 50-day moving average of $12.49 and a two-hundred day 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. DiamondRock Hospitality had a net margin of 5.69% and a return on equity of 4.04%. The business had revenue of $318.29 million for the quarter, compared to the consensus estimate of $314.98 million. During the same period in the previous year, the firm earned $0.35 EPS. The business’s revenue was up 4.1% on a year-over-year basis. DiamondRock Hospitality has set its FY 2026 guidance at 1.180-1.230 EPS. On average, analysts predict that DiamondRock Hospitality Company will post 0.96 EPS for the current year.

DiamondRock Hospitality Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on DRH shares. Truist Financial raised 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. Bank of America upped their price objective on shares of DiamondRock Hospitality from $12.50 to $13.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Barclays raised their target price on shares of DiamondRock Hospitality from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Thursday. Zacks Research upgraded DiamondRock Hospitality from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 19th. Finally, LADENBURG THALM/SH SH increased their price target on DiamondRock Hospitality from $13.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.53.

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.