GSA Capital Partners LLP Takes $518,000 Position in DiamondRock Hospitality Company $DRH

GSA Capital Partners LLP bought a new position in shares of DiamondRock Hospitality Company (NYSE:DRH) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 42,488 shares of the real estate investment trust’s stock, valued at approximately $518,000.

Several other institutional investors have also modified their holdings of the business. Allworth Financial LP boosted its holdings in DiamondRock Hospitality by 146.0% in the fourth quarter. Allworth Financial LP now owns 2,859 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 1,697 shares during the last quarter. First Horizon Corp grew its stake in DiamondRock Hospitality by 54.9% during the 4th quarter. First Horizon Corp now owns 3,214 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 1,139 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in DiamondRock Hospitality by 77.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,436 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 1,498 shares during the last quarter. Danske Bank A S acquired a new position in shares of DiamondRock Hospitality in the 3rd quarter valued at approximately $33,000. Finally, Global Retirement Partners LLC raised its position in shares of 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 valued at $37,000 after purchasing an additional 4,119 shares in the last quarter.

Insider Transactions at DiamondRock Hospitality

In related news, Director Kathleen Merrill sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $11.88, for a total value of $237,600.00. Following the sale, the director directly owned 84,335 shares in the company, valued at $1,001,899.80. This trade represents a 19.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on DRH shares. Zacks Research upgraded DiamondRock Hospitality from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Barclays upped their price target on shares of DiamondRock Hospitality from $10.00 to $12.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Truist Financial boosted 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. Morgan Stanley boosted their price objective on DiamondRock Hospitality from $10.00 to $11.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, LADENBURG THALM/SH SH increased their target price on DiamondRock Hospitality from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $12.32.

DiamondRock Hospitality Trading Up 0.4%

Shares of NYSE:DRH opened at $12.82 on Friday. 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 company’s 50-day moving average price is $12.43 and its 200 day moving average price is $10.96. The company has a market cap of $2.62 billion, a PE ratio of 51.28, a P/E/G ratio of 4.50 and a beta of 0.98. DiamondRock Hospitality Company has a fifty-two week low of $7.47 and a fifty-two week 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 EPS for the quarter, topping the consensus estimate of $0.22 by $0.22. DiamondRock Hospitality had a net margin of 5.69% and a return on equity of 4.04%. The firm had revenue of $318.29 million during the quarter, compared to analysts’ expectations of $314.98 million. During the same quarter in the prior year, the firm earned $0.35 EPS. DiamondRock Hospitality’s quarterly 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. Sell-side analysts anticipate that DiamondRock Hospitality Company will post 0.96 earnings per share for the current year.

DiamondRock Hospitality Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be issued a $0.11 dividend. This is a positive change from DiamondRock Hospitality’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.44 dividend on an annualized basis and a yield of 3.4%. 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.