Royal Bank of Canada Reduces Stock Holdings in DiamondRock Hospitality Company $DRH

Royal Bank of Canada reduced its holdings in shares of DiamondRock Hospitality Company (NYSE:DRH) by 97.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,220 shares of the real estate investment trust’s stock after selling 193,298 shares during the period. Royal Bank of Canada’s holdings in DiamondRock Hospitality were worth $49,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DRH. Allworth Financial LP grew its stake in shares of DiamondRock Hospitality by 146.0% during the fourth quarter. Allworth Financial LP now owns 2,859 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 1,697 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of DiamondRock Hospitality by 77.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,436 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 1,498 shares during the last quarter. Danske Bank A S purchased a new position in shares of DiamondRock Hospitality in the 3rd quarter valued at approximately $33,000. Global Retirement Partners LLC boosted its stake in DiamondRock Hospitality by 12,114.7% in the 4th quarter. Global Retirement Partners LLC now owns 4,153 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 4,119 shares in the last quarter. Finally, State of Wyoming acquired a new stake in DiamondRock Hospitality in the 2nd quarter worth approximately $58,000.

Insider Buying and Selling

In other DiamondRock Hospitality news, Director Kathleen Merrill sold 20,000 shares of the stock in a transaction dated 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 directly 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.90% of the company’s stock.

DiamondRock Hospitality Price Performance

Shares of NYSE:DRH opened at $12.29 on Thursday. DiamondRock Hospitality Company has a twelve month low of $7.47 and a twelve month 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. The company has a market cap of $2.51 billion, a PE ratio of 49.16, a price-to-earnings-growth ratio of 4.50 and a beta of 0.98. The company’s 50 day moving average is $12.49 and its 200 day moving average is $11.14.

DiamondRock Hospitality (NYSE:DRH) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.44 EPS for the quarter, beating the consensus estimate of $0.22 by $0.22. The business had revenue of $318.29 million during 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 business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 EPS. DiamondRock Hospitality has set its FY 2026 guidance at 1.180-1.230 EPS. On average, sell-side analysts forecast 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 issued a $0.11 dividend. 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. This represents a $0.44 annualized dividend and a yield of 3.6%. DiamondRock Hospitality’s dividend payout ratio is currently 60.27%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on DRH shares. Stifel Nicolaus upped their price target on shares of DiamondRock Hospitality from $12.50 to $13.25 and gave the company a “hold” rating in a research note on Friday, July 31st. Wells Fargo & Company boosted their price objective on shares of DiamondRock Hospitality from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. Truist Financial upped their target price on DiamondRock Hospitality from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Barclays raised their target price on DiamondRock Hospitality from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 27th. Finally, LADENBURG THALM/SH SH lifted their price target on DiamondRock Hospitality from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, DiamondRock Hospitality currently has an average rating of “Moderate Buy” and a consensus target price of $12.53.

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.