Jupiter Topco LLC Invests $12.71 Million in DiamondRock Hospitality Company $DRH

Jupiter Topco LLC bought a new stake in DiamondRock Hospitality Company (NYSE:DRH) during the second quarter, Holdings Channel reports. The institutional investor bought 1,043,673 shares of the real estate investment trust’s stock, valued at approximately $12,711,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of DRH. Louisiana State Employees Retirement System acquired a new position in DiamondRock Hospitality in the first quarter valued at $846,000. UBS Group AG lifted its position in DiamondRock Hospitality by 49.9% during the 4th quarter. UBS Group AG now owns 2,627,787 shares of the real estate investment trust’s stock worth $23,545,000 after acquiring an additional 874,536 shares during the period. Bank of America Corp DE lifted its position in DiamondRock Hospitality by 7.2% during the 1st quarter. Bank of America Corp DE now owns 8,987,338 shares of the real estate investment trust’s stock worth $84,211,000 after acquiring an additional 606,962 shares during the period. SG Americas Securities LLC grew its stake in shares of 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 purchasing an additional 2,147,881 shares during the last quarter. Finally, Principal Financial Group Inc. grew 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 purchasing an additional 361,674 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DRH. Wells Fargo & Company upped their price target on DiamondRock Hospitality from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 23rd. Bank of America raised their target price 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. Barclays boosted their price target on shares of DiamondRock Hospitality from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Thursday. Truist Financial lifted their price objective on DiamondRock Hospitality from $11.00 to $12.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Finally, Citigroup increased their target price on DiamondRock Hospitality from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. One 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 company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $12.53.

Insider Buying and Selling at DiamondRock Hospitality

In other news, Director Kathleen Merrill sold 20,000 shares of the firm’s stock in a transaction 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 sale, the director owned 84,335 shares in the company, valued at $1,001,899.80. This trade represents a 19.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is currently owned by corporate insiders.

DiamondRock Hospitality Stock Performance

NYSE:DRH opened at $12.70 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $2.60 billion, a P/E ratio of 50.80, a price-to-earnings-growth ratio of 4.50 and a beta of 0.98. The firm has a 50-day moving average price of $12.49 and a two-hundred day moving average price of $11.08. DiamondRock Hospitality Company has a twelve month low of $7.47 and a twelve month high of $13.79.

DiamondRock Hospitality (NYSE:DRH) last posted its earnings results 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. 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 analyst estimates of $314.98 million. During the same quarter in the prior year, the company earned $0.35 EPS. DiamondRock Hospitality’s revenue was up 4.1% on a year-over-year basis. DiamondRock Hospitality has set its FY 2026 guidance at 1.180-1.230 EPS. As a group, research analysts expect that DiamondRock Hospitality Company will post 0.96 earnings per share for the current fiscal 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 paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.5%. This is a boost from DiamondRock Hospitality’s previous quarterly dividend of $0.09. DiamondRock Hospitality’s dividend payout ratio is currently 60.27%.

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.