DiamondRock Hospitality Company $DRH Shares Bought by Cwm LLC

Cwm LLC boosted its position in shares of DiamondRock Hospitality Company (NYSE:DRH) by 1,667.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,219 shares of the real estate investment trust’s stock after buying an additional 50,208 shares during the period. Cwm LLC’s holdings in DiamondRock Hospitality were worth $408,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in DRH. Oppenheimer Asset Management Inc. acquired a new position in DiamondRock Hospitality during the first quarter worth approximately $103,000. Diversified Trust Co increased its holdings in shares of DiamondRock Hospitality by 8.3% in the first quarter. Diversified Trust Co now owns 36,033 shares of the real estate investment trust’s stock valued at $278,000 after purchasing an additional 2,748 shares during the period. Illinois Municipal Retirement Fund increased its holdings in shares of DiamondRock Hospitality by 1.8% in the first 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 period. Allspring Global Investments Holdings LLC increased its holdings in shares of DiamondRock Hospitality by 54.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 91,486 shares of the real estate investment trust’s stock valued at $705,000 after purchasing an additional 32,298 shares during the period. Finally, Teacher Retirement System of Texas increased its holdings in shares of DiamondRock Hospitality by 4.9% in the first quarter. Teacher Retirement System of Texas now owns 53,632 shares of the real estate investment trust’s stock valued at $414,000 after purchasing an additional 2,525 shares during the period.

DiamondRock Hospitality Stock Down 0.1%

Shares of NYSE:DRH opened at $7.81 on Friday. 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 Company has a 52-week low of $6.18 and a 52-week high of $10.00. The stock’s fifty day simple moving average is $8.11 and its 200-day simple moving average is $7.80. The company has a market capitalization of $1.60 billion, a P/E ratio of 30.02 and a beta of 1.38.

DiamondRock Hospitality (NYSE:DRH) last issued its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. DiamondRock Hospitality had a return on equity of 4.23% and a net margin of 6.04%.The business had revenue of $305.70 million for the quarter, compared to the consensus estimate of $303.70 million. During the same period in the prior year, the business earned $0.34 earnings per share. The business’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, equities research analysts forecast that DiamondRock Hospitality Company will post 0.96 earnings per share for the current fiscal year.

DiamondRock Hospitality Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Tuesday, September 30th. DiamondRock Hospitality’s dividend payout ratio is currently 123.08%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Morgan Stanley dropped their target price on DiamondRock Hospitality from $9.00 to $8.50 and set an “equal weight” rating on the stock in a report on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of DiamondRock Hospitality in a report on Friday. Finally, Wells Fargo & Company raised DiamondRock Hospitality to a “hold” rating in a report on Friday, October 3rd. One equities research analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $8.88.

About DiamondRock Hospitality

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.