DiamondRock Hospitality (NYSE:DRH) CAO Steve Spierto Sells 4,000 Shares

DiamondRock Hospitality Company (NYSE:DRH) CAO Steve Spierto sold 4,000 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $9.93, for a total transaction of $39,720.00. Following the transaction, the chief accounting officer owned 77,977 shares in the company, valued at approximately $774,311.61. The trade was a 4.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

DiamondRock Hospitality Price Performance

Shares of DRH stock traded up $0.13 during trading on Wednesday, hitting $10.01. The company had a trading volume of 2,016,830 shares, compared to its average volume of 2,968,471. The firm has a market capitalization of $2.04 billion, a P/E ratio of 40.04, a price-to-earnings-growth ratio of 4.50 and a beta of 0.98. DiamondRock Hospitality Company has a one year low of $6.18 and a one year high of $10.67. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.64 and a current ratio of 1.64. The stock’s 50-day moving average price is $9.49 and its 200 day moving average price is $8.80.

DiamondRock Hospitality (NYSE:DRH) last announced its quarterly earnings data on Thursday, February 26th. The real estate investment trust reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.03. The firm had revenue of $274.53 million during the quarter, compared to analysts’ expectations of $273.18 million. DiamondRock Hospitality had a return on equity of 4.04% and a net margin of 5.69%.The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 EPS. DiamondRock Hospitality has set its FY 2026 guidance at 1.090-1.160 EPS. Equities analysts expect that DiamondRock Hospitality Company will post 0.96 EPS for the current fiscal year.

DiamondRock Hospitality Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st will be issued a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.36 annualized dividend and a yield of 3.6%. This is an increase from DiamondRock Hospitality’s previous quarterly dividend of $0.08. DiamondRock Hospitality’s payout ratio is 81.82%.

Wall Street Analyst Weigh In

DRH has been the topic of several analyst reports. Truist Financial upgraded shares of DiamondRock Hospitality from a “hold” rating to a “buy” rating and increased their price target for the stock from $10.00 to $11.00 in a research report on Friday, January 9th. Evercore upped their target price on DiamondRock Hospitality from $9.00 to $10.00 and gave the stock an “in-line” rating in a research note on Thursday, November 20th. Deutsche Bank Aktiengesellschaft upgraded DiamondRock Hospitality from a “hold” rating to a “buy” rating and lifted their price target for the company from $10.00 to $12.00 in a research note on Tuesday, January 13th. Barclays started coverage on DiamondRock Hospitality in a report on Tuesday, January 6th. They set an “equal weight” rating and a $10.00 price target for the company. Finally, Wells Fargo & Company raised their price objective on DiamondRock Hospitality from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Monday, December 1st. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $9.91.

Hedge Funds Weigh In On DiamondRock Hospitality

A number of institutional investors and hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC boosted its stake in shares of DiamondRock Hospitality by 223.2% during the first quarter. AQR Capital Management LLC now owns 65,376 shares of the real estate investment trust’s stock valued at $505,000 after purchasing an additional 45,146 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of DiamondRock Hospitality by 5.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 123,672 shares of the real estate investment trust’s stock valued at $955,000 after acquiring an additional 5,971 shares during the last quarter. United Services Automobile Association bought a new position in shares of DiamondRock Hospitality during the first quarter valued at $91,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of DiamondRock Hospitality by 3.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,327,841 shares of the real estate investment trust’s stock worth $10,251,000 after purchasing an additional 48,558 shares during the period. Finally, Teacher Retirement System of Texas grew its stake in shares of DiamondRock Hospitality by 94.3% in the second quarter. Teacher Retirement System of Texas now owns 104,216 shares of the real estate investment trust’s stock worth $798,000 after purchasing an additional 50,584 shares during the last quarter.

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.