Susquehanna International Group LLP Sells 71,619 Shares of DiamondRock Hospitality Company $DRH

Susquehanna International Group LLP decreased its holdings in DiamondRock Hospitality Company (NYSE:DRH) by 73.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,962 shares of the real estate investment trust’s stock after selling 71,619 shares during the quarter. Susquehanna International Group LLP’s holdings in DiamondRock Hospitality were worth $316,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Allworth Financial LP increased its position in DiamondRock Hospitality by 146.0% during the 4th 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 during the period. EverSource Wealth Advisors LLC lifted its position in shares of 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 purchasing an additional 1,498 shares during the period. Danske Bank A S purchased a new stake in shares of DiamondRock Hospitality in the 3rd quarter worth about $33,000. Global Retirement Partners LLC boosted its stake in shares of 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 purchasing an additional 4,119 shares in the last quarter. Finally, State of Wyoming bought a new stake in shares of DiamondRock Hospitality during the 2nd quarter valued at about $58,000.

DiamondRock Hospitality Price Performance

Shares of DRH opened at $12.00 on Wednesday. DiamondRock Hospitality Company has a fifty-two week low of $7.47 and a fifty-two week high of $13.79. The firm’s 50-day simple moving average is $12.49 and its two-hundred day simple moving average is $11.12. The stock has a market cap of $2.46 billion, a PE ratio of 48.00, a price-to-earnings-growth ratio of 4.50 and a beta of 0.98. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.64 and a current ratio of 1.64.

DiamondRock Hospitality (NYSE:DRH) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $314.98 million. During the same period last year, the business earned $0.35 earnings per share. 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. 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. The ex-dividend date is Wednesday, September 30th. This is a positive change from DiamondRock Hospitality’s previous quarterly dividend of $0.09. This represents a $0.44 dividend on an annualized basis and a yield of 3.7%. DiamondRock Hospitality’s dividend payout ratio (DPR) is presently 60.27%.

Analyst Upgrades and Downgrades

DRH has been the subject of a number of research reports. LADENBURG THALM/SH SH increased their price target on shares of DiamondRock Hospitality from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Wells Fargo & Company upped their target price on DiamondRock Hospitality from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Bank of America increased their target price on DiamondRock Hospitality from $12.50 to $13.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Stifel Nicolaus raised their target price on DiamondRock Hospitality from $12.50 to $13.25 and gave the company a “hold” rating in a research note on Friday, July 31st. Finally, Morgan Stanley lifted their price target on DiamondRock Hospitality from $10.00 to $11.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $12.53.

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 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 directly owned 84,335 shares of the company’s stock, valued at approximately $1,001,899.80. The trade was a 19.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.90% of the company’s stock.

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.