DiamondRock Hospitality Company $DRH Position Trimmed by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its holdings in shares of DiamondRock Hospitality Company (NYSE:DRH) by 21.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,299 shares of the real estate investment trust’s stock after selling 12,343 shares during the quarter. Nisa Investment Advisors LLC’s holdings in DiamondRock Hospitality were worth $351,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its stake in shares of DiamondRock Hospitality by 54.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 91,486 shares of the real estate investment trust’s stock valued at $705,000 after buying an additional 32,298 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC grew its stake in shares of DiamondRock Hospitality by 66.7% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,748,875 shares of the real estate investment trust’s stock valued at $21,221,000 after buying an additional 1,100,070 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of DiamondRock Hospitality in the 1st quarter valued at approximately $395,000. American Century Companies Inc. grew its stake in shares of DiamondRock Hospitality by 150.1% in the 1st quarter. American Century Companies Inc. now owns 132,649 shares of the real estate investment trust’s stock valued at $1,024,000 after buying an additional 79,620 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of DiamondRock Hospitality by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 1,034,246 shares of the real estate investment trust’s stock valued at $7,984,000 after buying an additional 23,653 shares in the last quarter.

DiamondRock Hospitality Stock Down 0.2%

Shares of DRH stock opened at $7.85 on Monday. DiamondRock Hospitality Company has a 12 month low of $6.18 and a 12 month high of $10.00. The firm has a market cap of $1.61 billion, a PE ratio of 30.17 and a beta of 1.38. The stock has a 50 day moving average of $8.08 and a 200-day moving average of $7.84. 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 quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. DiamondRock Hospitality had a return on equity of 4.23% and a net margin of 6.04%.The company had revenue of $305.70 million during the quarter, compared to analyst estimates of $303.70 million. During the same period in the previous year, the company earned $0.34 earnings per share. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. DiamondRock Hospitality has set its FY 2025 guidance at 0.960-1.060 EPS. On average, equities analysts predict that DiamondRock Hospitality Company will post 0.96 EPS for the current year.

DiamondRock Hospitality Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.08 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.1%. DiamondRock Hospitality’s payout ratio is 123.08%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DRH. Weiss Ratings restated a “hold (c)” rating on shares of DiamondRock Hospitality in a report on Wednesday, October 8th. Morgan Stanley reduced their target price on DiamondRock Hospitality from $9.00 to $8.50 and set an “equal weight” rating for the company in a report on Wednesday, October 22nd. Finally, Wells Fargo & Company upgraded DiamondRock Hospitality to a “hold” rating in a report on Friday, October 3rd. One investment analyst has rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock 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.