Public Employees Retirement System of Ohio Trims Stake in DiamondRock Hospitality Company $DRH

Public Employees Retirement System of Ohio lessened its holdings in shares of DiamondRock Hospitality Company (NYSE:DRH) by 16.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 235,662 shares of the real estate investment trust’s stock after selling 47,850 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in DiamondRock Hospitality were worth $2,208,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Cohen & Steers Inc. bought a new stake in shares of DiamondRock Hospitality during the 4th quarter worth $59,231,000. SG Americas Securities LLC boosted its stake in DiamondRock Hospitality by 106.1% in the first quarter. SG Americas Securities LLC now owns 4,172,671 shares of the real estate investment trust’s stock worth $39,098,000 after buying an additional 2,147,881 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in DiamondRock Hospitality by 907.2% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,292,360 shares of the real estate investment trust’s stock valued at $20,540,000 after acquiring an additional 2,064,760 shares during the last quarter. Qube Research & Technologies Ltd raised its stake in shares of DiamondRock Hospitality by 469.0% during the third quarter. Qube Research & Technologies Ltd now owns 2,002,863 shares of the real estate investment trust’s stock worth $15,943,000 after acquiring an additional 1,650,871 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of DiamondRock Hospitality by 17.5% in the 2nd quarter. Bank of America Corp DE now owns 9,231,991 shares of the real estate investment trust’s stock worth $70,717,000 after acquiring an additional 1,377,897 shares during the last quarter.

DiamondRock Hospitality Trading Up 2.6%

Shares of DRH opened at $13.24 on Friday. The stock has a market capitalization of $2.71 billion, a P/E ratio of 52.96, a PEG ratio of 4.50 and a beta of 0.98. DiamondRock Hospitality Company has a twelve month low of $7.45 and a twelve month high of $13.48. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.70. The firm has a fifty day simple moving average of $12.05 and a two-hundred day simple moving average of $10.62.

DiamondRock Hospitality (NYSE:DRH) last released its quarterly earnings data 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. The firm had revenue of $318.29 million for the quarter, compared to analysts’ expectations of $314.98 million. DiamondRock Hospitality had a net margin of 5.69% and a return on equity of 4.04%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.35 earnings per share. DiamondRock Hospitality has set its FY 2026 guidance at 1.180-1.230 EPS. On average, research analysts anticipate that DiamondRock Hospitality Company will post 0.96 EPS for the current year.

DiamondRock Hospitality Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, September 30th. This is a positive change from DiamondRock Hospitality’s previous quarterly dividend of $0.09. DiamondRock Hospitality’s dividend payout ratio is currently 49.32%.

Key Headlines Impacting DiamondRock Hospitality

Here are the key news stories impacting DiamondRock Hospitality this week:

• Positive Sentiment: Quarterly results exceeded expectations. DiamondRock reported second-quarter FFO of $0.44 per share, above the $0.37 consensus estimate and up from $0.35 a year earlier. Revenue rose 4.1% year over year to $318.3 million, also surpassing estimates. DiamondRock Hospitality Q2 FFO and Revenues Surpass Estimates
• Positive Sentiment: Management raised 2026 guidance. The company now expects full-year EPS of $1.18-$1.23, above the prior consensus estimate of $1.09, signaling confidence in operating performance and demand across its hotel and resort portfolio. DiamondRock Hospitality Company Reports Second Quarter 2026 Results
• Positive Sentiment: The quarterly dividend was increased. DiamondRock raised its dividend to $0.11 per share from $0.09, a 22.2% increase, providing an annualized yield of approximately 3.3% and potentially supporting investor interest in the REIT. DiamondRock Hospitality Company Reports Second Quarter 2026 Results
• Neutral Sentiment: Analyst sentiment remains cautious. Stifel raised its price target from $12.50 to $13.25 but maintained a “hold” rating, leaving limited implied upside based on the quoted trading level. Benzinga
• Neutral Sentiment: Management’s earnings call provided additional discussion of second-quarter performance and the updated outlook, which investors are using to assess whether the stronger results can continue. DiamondRock Hospitality Q2 2026 Earnings Call Transcript

Analyst Ratings Changes

A number of brokerages recently commented on DRH. Bank of America lifted their target price on shares of DiamondRock Hospitality from $12.50 to $13.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Truist Financial raised their price objective on DiamondRock Hospitality from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Stifel Nicolaus lifted their price objective on DiamondRock Hospitality from $12.50 to $13.25 and gave the stock a “hold” rating in a report on Friday. Citigroup boosted their target price on DiamondRock Hospitality from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. Finally, Barclays raised their price target on DiamondRock Hospitality from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Monday, June 1st. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $12.22.

Insider Buying and Selling

In other 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 transaction of $237,600.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael A. Hartmeier sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $10.46, for a total value of $209,200.00. Following the transaction, the director owned 95,354 shares of the company’s stock, valued at approximately $997,402.84. This represents a 17.34% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.90% of the company’s stock.

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.