Public Employees Retirement System of Ohio Purchases 1,578 Shares of DiamondRock Hospitality Company $DRH

Public Employees Retirement System of Ohio grew its position in DiamondRock Hospitality Company (NYSE:DRH) by 0.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 298,326 shares of the real estate investment trust’s stock after purchasing an additional 1,578 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.14% of DiamondRock Hospitality worth $2,285,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Illinois Municipal Retirement Fund boosted its stake in shares of DiamondRock Hospitality by 1.8% in the 1st quarter. Illinois Municipal Retirement Fund now owns 107,860 shares of the real estate investment trust’s stock valued at $833,000 after purchasing an additional 1,873 shares during the last quarter. Wolverine Asset Management LLC boosted its stake in shares of DiamondRock Hospitality by 2.4% in the 1st quarter. Wolverine Asset Management LLC now owns 86,304 shares of the real estate investment trust’s stock valued at $666,000 after purchasing an additional 2,016 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of DiamondRock Hospitality by 156.3% in the 1st quarter. Versant Capital Management Inc now owns 3,699 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 2,256 shares during the last quarter. Sei Investments Co. boosted its stake in shares of DiamondRock Hospitality by 0.6% in the 1st quarter. Sei Investments Co. now owns 360,243 shares of the real estate investment trust’s stock valued at $2,781,000 after purchasing an additional 2,311 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of DiamondRock Hospitality by 26.4% in the 1st quarter. Harbor Capital Advisors Inc. now owns 11,941 shares of the real estate investment trust’s stock valued at $92,000 after purchasing an additional 2,492 shares during the last quarter.

Analyst Ratings Changes

Separately, Wells Fargo & Company upped their price objective on shares of DiamondRock Hospitality from $8.25 to $9.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 27th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $8.63.

DiamondRock Hospitality Stock Up 0.1%

Shares of NYSE DRH opened at $7.97 on Friday. The firm has a market cap of $1.63 billion, a PE ratio of 30.64 and a beta of 1.38. DiamondRock Hospitality Company has a 12-month low of $6.18 and a 12-month high of $10.00. The company’s fifty day simple moving average is $8.12 and its 200 day simple moving average is $7.77. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.64.

DiamondRock Hospitality (NYSE:DRH) last issued its earnings results on Thursday, August 7th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.02. DiamondRock Hospitality had a net margin of 6.04% and a return on equity of 4.23%. The business had revenue of $305.70 million for the quarter, compared to analyst estimates of $303.70 million. During the same period in the prior year, the firm earned $0.34 earnings per share. DiamondRock Hospitality’s revenue was down 1.2% on a year-over-year basis. DiamondRock Hospitality has set its FY 2025 guidance at 0.960-1.060 EPS. As a group, sell-side analysts forecast that DiamondRock Hospitality Company will post 0.96 earnings per share for the current fiscal year.

DiamondRock Hospitality Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, September 30th. DiamondRock Hospitality’s dividend payout ratio (DPR) is 123.08%.

DiamondRock Hospitality Company Profile

DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in leisure destinations and top gateway markets. The Company currently owns 36 premium quality hotels with over 9,700 rooms. The Company has strategically positioned its portfolio to be operated both under leading global brand families as well as independent boutique hotels in the lifestyle segment.