Systematic Financial Management LP Sells 51,230 Shares of DiamondRock Hospitality Company $DRH

Systematic Financial Management LP cut its holdings in shares of DiamondRock Hospitality Company (NYSE:DRH) by 2.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,741,168 shares of the real estate investment trust’s stock after selling 51,230 shares during the period. Systematic Financial Management LP owned approximately 0.85% of DiamondRock Hospitality worth $16,315,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DRH. Allworth Financial LP lifted its stake in DiamondRock Hospitality by 146.0% during the 4th quarter. Allworth Financial LP now owns 2,859 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 1,697 shares during the period. First Horizon Corp grew its stake in shares of DiamondRock Hospitality by 54.9% in the fourth quarter. First Horizon Corp now owns 3,214 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 1,139 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of DiamondRock Hospitality by 77.3% during the fourth 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 during the third quarter valued at approximately $33,000. Finally, Global Retirement Partners LLC raised its holdings in shares of DiamondRock Hospitality by 12,114.7% during the fourth quarter. Global Retirement Partners LLC now owns 4,153 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 4,119 shares during the last quarter.

DiamondRock Hospitality Price Performance

NYSE DRH opened at $12.85 on Friday. The company has a 50-day moving average price of $11.81 and a 200-day moving average price of $10.48. DiamondRock Hospitality Company has a 52 week low of $7.45 and a 52 week high of $13.05. 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 market capitalization of $2.63 billion, a P/E ratio of 51.40, a PEG ratio of 4.50 and a beta of 0.98.

DiamondRock Hospitality Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were given a $0.09 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.36 annualized dividend and a yield of 2.8%. DiamondRock Hospitality’s dividend payout ratio (DPR) is presently 76.60%.

Insider Buying and Selling at DiamondRock Hospitality

In related news, Director Michael A. Hartmeier sold 20,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $10.46, for a total value of $209,200.00. Following the transaction, the director directly owned 95,354 shares of the company’s stock, valued at approximately $997,402.84. This trade represents a 17.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kathleen Merrill sold 20,000 shares of DiamondRock Hospitality stock in a transaction on Friday, June 12th. The shares were sold at an average price of $11.88, for a total value of $237,600.00. Following the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on DRH. 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 report on Monday, July 20th. Barclays boosted their target price on shares of DiamondRock Hospitality from $10.00 to $12.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Morgan Stanley increased their price target on DiamondRock Hospitality from $9.60 to $10.00 and gave the company an “equal weight” rating in a report on Friday, July 17th. LADENBURG THALM/SH SH raised their price target on DiamondRock Hospitality from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Finally, Citigroup lifted their price objective on DiamondRock Hospitality from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Wednesday. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $12.12.

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.