Bailard Inc. Buys Shares of 102,519 DiamondRock Hospitality Company $DRH

Bailard Inc. purchased a new stake in DiamondRock Hospitality Company (NYSE:DRH) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 102,519 shares of the real estate investment trust’s stock, valued at approximately $816,000. Bailard Inc. owned about 0.05% of DiamondRock Hospitality as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. State of Wyoming acquired a new stake in DiamondRock Hospitality in the second quarter valued at about $58,000. Smartleaf Asset Management LLC boosted its stake in shares of DiamondRock Hospitality by 33.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 9,294 shares of the real estate investment trust’s stock valued at $72,000 after purchasing an additional 2,349 shares in the last quarter. Profund Advisors LLC bought a new stake in shares of DiamondRock Hospitality during the 2nd quarter valued at approximately $79,000. GAMMA Investing LLC grew its holdings in shares of DiamondRock Hospitality by 372.6% during the 2nd quarter. GAMMA Investing LLC now owns 10,927 shares of the real estate investment trust’s stock valued at $84,000 after purchasing an additional 8,615 shares during the last quarter. Finally, United Services Automobile Association acquired a new position in DiamondRock Hospitality during the 1st quarter worth approximately $91,000.

DiamondRock Hospitality Stock Performance

NYSE DRH opened at $9.60 on Friday. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 38.40, a PEG ratio of 4.50 and a beta of 1.03. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.70. DiamondRock Hospitality Company has a twelve month low of $6.18 and a twelve month high of $9.83. The stock has a fifty day simple moving average of $9.09 and a 200 day simple moving average of $8.43.

DiamondRock Hospitality (NYSE:DRH) last released its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. DiamondRock Hospitality had a return on equity of 4.04% and a net margin of 5.69%.The firm had revenue of $285.38 million for the quarter, compared to analyst estimates of $277.45 million. During the same quarter in the previous year, the company posted $0.27 EPS. The business’s revenue was up .1% on a year-over-year basis. DiamondRock Hospitality has set its FY 2025 guidance at 1.020-1.06 EPS. Sell-side analysts expect that DiamondRock Hospitality Company will post 0.96 EPS for the current year.

DiamondRock Hospitality Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.08 per share. The ex-dividend date was Wednesday, December 31st. This represents a $0.32 annualized dividend and a yield of 3.3%. DiamondRock Hospitality’s dividend payout ratio (DPR) is presently 128.00%.

Analysts Set New Price Targets

A number of analysts have weighed in on DRH shares. Evercore ISI raised their target price on shares of DiamondRock Hospitality from $9.00 to $10.00 and gave the company an “in-line” rating in a research report on Thursday, November 20th. Truist Financial raised DiamondRock Hospitality from a “hold” rating to a “buy” rating and raised their price objective for the company from $10.00 to $11.00 in a report on Friday, January 9th. Barclays started coverage on DiamondRock Hospitality in a research report on Tuesday, January 6th. They set an “equal weight” rating and a $10.00 price objective on the stock. Deutsche Bank Aktiengesellschaft upgraded DiamondRock Hospitality from a “hold” rating to a “buy” rating and increased their target price for the company from $10.00 to $12.00 in a research report on Tuesday, January 13th. Finally, Morgan Stanley reduced their price target on DiamondRock Hospitality from $9.00 to $8.50 and set an “equal weight” rating on the stock in a report on Wednesday, October 22nd. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.91.

DiamondRock Hospitality 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.