Mitsubishi UFJ Asset Management Co. Ltd. Purchases New Position in DiamondRock Hospitality Company $DRH

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in DiamondRock Hospitality Company (NYSE:DRH) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 176,765 shares of the real estate investment trust’s stock, valued at approximately $2,153,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DRH. Global Retirement Partners LLC bought a new stake in shares of DiamondRock Hospitality in the 2nd quarter worth $50,000. Bank of New York Mellon Corp bought a new position in shares of DiamondRock Hospitality during the second quarter valued at $19,809,000. State of Wyoming purchased a new stake in shares of DiamondRock Hospitality during the second quarter valued at $694,000. GSA Capital Partners LLP purchased a new stake in shares of DiamondRock Hospitality during the second quarter valued at $518,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in DiamondRock Hospitality in the 2nd quarter worth about $148,000.

DiamondRock Hospitality Stock Performance

Shares of DRH opened at $12.82 on Friday. The firm has a market capitalization of $2.62 billion, a P/E ratio of 51.28, a PEG ratio of 4.50 and a beta of 0.98. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.64 and a quick ratio of 1.64. DiamondRock Hospitality Company has a one year low of $7.47 and a one year high of $13.79. The business has a fifty day moving average of $12.43 and a 200 day moving average of $10.96.

DiamondRock Hospitality (NYSE:DRH) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.22. The company had revenue of $318.29 million for the quarter, compared to the consensus estimate of $314.98 million. DiamondRock Hospitality had a return on equity of 4.04% and a net margin of 5.69%.DiamondRock Hospitality’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 earnings per share. DiamondRock Hospitality has set its FY 2026 guidance at 1.180-1.230 EPS. As a group, sell-side analysts anticipate that DiamondRock Hospitality Company will post 0.96 EPS for the current year.

DiamondRock Hospitality Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be paid 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 dividend yield of 3.4%. DiamondRock Hospitality’s dividend payout ratio (DPR) is currently 60.27%.

Insider Buying and Selling at DiamondRock Hospitality

In related news, Director Kathleen Merrill sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $11.88, for a total value of $237,600.00. Following the transaction, the director owned 84,335 shares of the company’s stock, valued at approximately $1,001,899.80. This trade represents a 19.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

DRH has been the subject of a number of recent analyst reports. Morgan Stanley boosted their target price on DiamondRock Hospitality from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Bank of America lifted their price target on shares of DiamondRock Hospitality from $12.50 to $13.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Zacks Research raised shares of DiamondRock Hospitality from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Citigroup increased their price objective on shares of DiamondRock Hospitality from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. Finally, Stifel Nicolaus raised their target price on shares of DiamondRock Hospitality from $12.50 to $13.25 and gave the stock a “hold” rating in a report on Friday, July 31st. One investment 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $12.32.

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.