Hudson Bay Capital Management LP Invests $9.10 Million in DiamondRock Hospitality Company $DRH

Hudson Bay Capital Management LP purchased a new stake in shares of DiamondRock Hospitality Company (NYSE:DRH) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 1,143,025 shares of the real estate investment trust’s stock, valued at approximately $9,098,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. AQR Capital Management LLC lifted its holdings in DiamondRock Hospitality by 223.2% in the first quarter. AQR Capital Management LLC now owns 65,376 shares of the real estate investment trust’s stock worth $505,000 after purchasing an additional 45,146 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of DiamondRock Hospitality by 5.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 123,672 shares of the real estate investment trust’s stock worth $955,000 after buying an additional 5,971 shares in the last quarter. United Services Automobile Association bought a new stake in shares of DiamondRock Hospitality during the 1st quarter worth about $91,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of DiamondRock Hospitality by 3.8% in the 1st 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 acquiring an additional 48,558 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey lifted its stake in shares of DiamondRock Hospitality by 4.7% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 47,102 shares of the real estate investment trust’s stock worth $361,000 after acquiring an additional 2,129 shares during the period.

DiamondRock Hospitality Trading Up 0.4%

Shares of NYSE:DRH opened at $9.50 on Friday. 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 has a market capitalization of $1.94 billion, a price-to-earnings ratio of 38.00, a PEG ratio of 4.50 and a beta of 0.98. DiamondRock Hospitality Company has a 1-year low of $6.18 and a 1-year high of $10.67. The company has a 50 day moving average price of $9.60 and a 200 day moving average price of $8.89.

DiamondRock Hospitality (NYSE:DRH) last posted its quarterly earnings results on Thursday, February 26th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.03. DiamondRock Hospitality had a return on equity of 4.04% and a net margin of 5.69%.The company had revenue of $274.53 million for the quarter, compared to analysts’ expectations of $273.18 million. During the same quarter in the prior year, the company earned $0.24 earnings per share. The firm’s revenue was down 1.6% on a year-over-year basis. DiamondRock Hospitality has set its FY 2026 guidance at 1.090-1.160 EPS. On average, 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 Tuesday, April 14th. Investors of record on Tuesday, March 31st will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Tuesday, March 31st. This is a positive change from DiamondRock Hospitality’s previous quarterly dividend of $0.08. DiamondRock Hospitality’s payout ratio is presently 81.82%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, CAO Steve Spierto sold 4,000 shares of the business’s stock in a transaction 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 sale, the chief accounting officer directly owned 77,977 shares of the company’s stock, valued at $774,311.61. The trade was a 4.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is owned by company insiders.

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.