49,551 Shares in DiamondRock Hospitality Company $DRH Purchased by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC acquired a new position in shares of DiamondRock Hospitality Company (NYSE:DRH) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 49,551 shares of the real estate investment trust’s stock, valued at approximately $444,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. State Street Corp lifted its holdings in DiamondRock Hospitality by 0.8% during the 2nd quarter. State Street Corp now owns 12,587,578 shares of the real estate investment trust’s stock worth $97,400,000 after purchasing an additional 93,929 shares in the last quarter. Bank of America Corp DE lifted its holdings in DiamondRock Hospitality by 17.5% during the 2nd quarter. Bank of America Corp DE now owns 9,231,991 shares of the real estate investment trust’s stock worth $70,717,000 after purchasing an additional 1,377,897 shares in the last quarter. Alyeska Investment Group L.P. lifted its holdings in DiamondRock Hospitality by 5.5% during the 3rd quarter. Alyeska Investment Group L.P. now owns 9,152,343 shares of the real estate investment trust’s stock worth $72,853,000 after purchasing an additional 475,611 shares in the last quarter. Centersquare Investment Management LLC lifted its holdings in DiamondRock Hospitality by 6.0% during the 3rd quarter. Centersquare Investment Management LLC now owns 7,536,975 shares of the real estate investment trust’s stock worth $59,994,000 after purchasing an additional 427,467 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in DiamondRock Hospitality by 1.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,500,337 shares of the real estate investment trust’s stock worth $43,783,000 after purchasing an additional 88,335 shares in the last quarter.

DiamondRock Hospitality Stock Up 0.8%

DRH stock opened at $11.15 on Thursday. 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’s 50 day moving average is $10.13 and its 200 day moving average is $9.61. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 44.60, a price-to-earnings-growth ratio of 4.50 and a beta of 0.99. DiamondRock Hospitality Company has a 1-year low of $7.39 and a 1-year high of $11.23.

DiamondRock Hospitality (NYSE:DRH) last announced its quarterly earnings data on Thursday, February 26th. The real estate investment trust reported $0.27 EPS for the quarter, beating the consensus estimate of $0.24 by $0.03. The firm had revenue of $274.53 million for the quarter, compared to analyst estimates of $273.18 million. DiamondRock Hospitality had a return on equity of 4.04% and a net margin of 5.69%.The company’s revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.24 EPS. Sell-side analysts predict that DiamondRock Hospitality Company will post 0.96 EPS for the current fiscal year.

DiamondRock Hospitality Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.09 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.36 annualized dividend and a dividend yield of 3.2%. DiamondRock Hospitality’s dividend payout ratio is 76.60%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Morgan Stanley upped their target price on DiamondRock Hospitality from $9.50 to $9.60 and gave the stock an “equal weight” rating in a research note on Tuesday, May 12th. Stifel Nicolaus upped their price objective on shares of DiamondRock Hospitality from $11.00 to $11.25 and gave the stock a “hold” rating in a research report on Monday, May 11th. Wells Fargo & Company upped their price objective on shares of DiamondRock Hospitality from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. Truist Financial upped their price objective on shares of DiamondRock Hospitality from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Citigroup upped their price objective on shares of DiamondRock Hospitality from $9.50 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $10.98.

Insider Activity

In other news, CAO Steve Spierto sold 4,000 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $9.93, for a total transaction of $39,720.00. Following the transaction, the chief accounting officer directly owned 77,977 shares in the company, valued at approximately $774,311.61. This represents a 4.88% 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 Michael A. Hartmeier sold 20,000 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $10.46, for a total value of $209,200.00. Following the transaction, the director owned 95,354 shares in the company, valued at $997,402.84. This trade represents a 17.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.90% of the stock is currently owned by corporate insiders.

DiamondRock Hospitality Company 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.