State of Wyoming Makes New $694,000 Investment in DiamondRock Hospitality Company $DRH

State of Wyoming acquired a new position in shares of DiamondRock Hospitality Company (NYSE:DRH) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 56,947 shares of the real estate investment trust’s stock, valued at approximately $694,000.

Several other institutional investors also recently modified their holdings of the company. Louisiana State Employees Retirement System bought a new position in DiamondRock Hospitality in the first quarter worth $846,000. UBS Group AG boosted its stake in DiamondRock Hospitality by 49.9% during the fourth quarter. UBS Group AG now owns 2,627,787 shares of the real estate investment trust’s stock worth $23,545,000 after buying an additional 874,536 shares in the last quarter. Bank of America Corp DE increased its holdings in DiamondRock Hospitality by 7.2% in the 1st quarter. Bank of America Corp DE now owns 8,987,338 shares of the real estate investment trust’s stock valued at $84,211,000 after buying an additional 606,962 shares during the period. SG Americas Securities LLC increased its holdings in DiamondRock Hospitality by 106.1% in the 1st quarter. SG Americas Securities LLC now owns 4,172,671 shares of the real estate investment trust’s stock valued at $39,098,000 after buying an additional 2,147,881 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of DiamondRock Hospitality by 37.2% in the 1st quarter. Principal Financial Group Inc. now owns 1,334,731 shares of the real estate investment trust’s stock valued at $12,506,000 after buying an additional 361,674 shares in the last quarter.

DiamondRock Hospitality Price Performance

Shares of DRH stock opened at $12.36 on Monday. DiamondRock Hospitality Company has a 1 year low of $7.47 and a 1 year high of $13.79. The firm’s 50 day moving average is $12.34 and its 200-day moving average is $10.85. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 49.44, a PEG ratio of 4.50 and a beta of 0.98. 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 issued its earnings results on Thursday, July 30th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping 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 return on equity of 4.04% and a net margin of 5.69%.The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.35 earnings per share. DiamondRock Hospitality has set its FY 2026 guidance at 1.180-1.230 EPS. Sell-side analysts forecast that DiamondRock Hospitality Company will post 0.96 EPS for the current fiscal 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 dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 3.6%. 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 payout ratio is 60.27%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on DRH shares. Stifel Nicolaus raised their price objective 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. Wells Fargo & Company upped their target price on shares of DiamondRock Hospitality from $12.00 to $13.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. Truist Financial increased their price target on shares of DiamondRock Hospitality from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Citigroup raised their price target on shares of DiamondRock Hospitality from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. Finally, LADENBURG THALM/SH SH lifted their price objective on DiamondRock Hospitality from $13.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.22.

Insiders Place Their Bets

In related news, Director Kathleen Merrill sold 20,000 shares of the business’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 transaction of $237,600.00. Following the completion of the transaction, the director owned 84,335 shares in the company, valued at approximately $1,001,899.80. The trade was a 19.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.90% of the stock is owned by insiders.

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.