DiamondRock Hospitality Company $DRH Position Raised by Sei Investments Co.

Sei Investments Co. boosted its position in DiamondRock Hospitality Company (NYSE:DRH) by 43.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 192,171 shares of the real estate investment trust’s stock after purchasing an additional 58,224 shares during the period. Sei Investments Co.’s holdings in DiamondRock Hospitality were worth $1,801,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State of Wyoming raised its stake in shares of DiamondRock Hospitality by 256.2% in the 1st quarter. State of Wyoming now owns 87,839 shares of the real estate investment trust’s stock worth $823,000 after buying an additional 63,181 shares in the last quarter. Summit Global Investments bought a new position in DiamondRock Hospitality during the first quarter valued at about $590,000. Dimensional Fund Advisors LP grew its holdings in DiamondRock Hospitality by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,972,171 shares of the real estate investment trust’s stock worth $27,850,000 after acquiring an additional 37,482 shares during the period. Gallacher Capital Management LLC grew its holdings in DiamondRock Hospitality by 5.8% during the first quarter. Gallacher Capital Management LLC now owns 27,509 shares of the real estate investment trust’s stock worth $258,000 after acquiring an additional 1,504 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in DiamondRock Hospitality by 11.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 104,150 shares of the real estate investment trust’s stock worth $975,000 after acquiring an additional 10,772 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DRH. Truist Financial raised their price objective on shares of DiamondRock Hospitality from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Citigroup boosted their target price on shares of DiamondRock Hospitality from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. Morgan Stanley increased their target price on shares of DiamondRock Hospitality from $9.60 to $10.00 and gave the company an “equal weight” rating in a research note on Friday, July 17th. LADENBURG THALM/SH SH raised their target price on shares of DiamondRock Hospitality from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Finally, Stifel Nicolaus upped their price target on DiamondRock Hospitality from $12.50 to $13.25 and gave the company a “hold” rating in a report on Friday, July 31st. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $12.22.

Insider Buying and Selling

In other DiamondRock Hospitality news, Director Kathleen Merrill sold 20,000 shares of DiamondRock Hospitality stock in a transaction that occurred on Friday, June 12th. The shares were 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 in the company, valued at approximately $1,001,899.80. The trade was a 19.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael A. Hartmeier sold 20,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $10.46, for a total transaction of $209,200.00. Following the sale, the director directly owned 95,354 shares in the company, valued at approximately $997,402.84. This trade represents a 17.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.90% of the company’s stock.

DiamondRock Hospitality Stock Performance

Shares of DRH opened at $12.53 on Monday. The business’s 50-day moving average price is $12.25 and its 200 day moving average price is $10.75. The stock has a market capitalization of $2.56 billion, a P/E ratio of 50.12, a P/E/G ratio of 4.50 and a beta of 0.98. DiamondRock Hospitality Company has a 1-year low of $7.45 and a 1-year high of $13.79. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.70.

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

DiamondRock Hospitality Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.44 dividend on an annualized basis and a yield of 3.5%. This is a positive change from DiamondRock Hospitality’s previous quarterly dividend of $0.09. DiamondRock Hospitality’s dividend payout ratio (DPR) is 60.27%.

DiamondRock Hospitality 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.