DiamondRock Hospitality Company $DRH Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in DiamondRock Hospitality Company (NYSE:DRH) by 1.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,500,337 shares of the real estate investment trust’s stock after purchasing an additional 88,335 shares during the quarter. JPMorgan Chase & Co. owned 2.70% of DiamondRock Hospitality worth $43,783,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Tudor Investment Corp ET AL acquired a new stake in shares of DiamondRock Hospitality in the third quarter valued at $450,000. Hudson Bay Capital Management LP acquired a new position in DiamondRock Hospitality during the 3rd quarter worth about $9,098,000. CIBC Bancorp USA Inc. purchased a new position in DiamondRock Hospitality during the 3rd quarter valued at about $175,000. Danske Bank A S purchased a new position in DiamondRock Hospitality during the 3rd quarter valued at about $33,000. Finally, CANADA LIFE ASSURANCE Co grew its position in DiamondRock Hospitality by 4.7% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 494,912 shares of the real estate investment trust’s stock valued at $3,993,000 after acquiring an additional 22,417 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DRH. Deutsche Bank Aktiengesellschaft upgraded shares of DiamondRock Hospitality from a “hold” rating to a “buy” rating and boosted their price target for the stock from $10.00 to $12.00 in a research note on Tuesday, January 13th. Truist Financial raised shares of DiamondRock Hospitality from a “hold” rating to a “buy” rating and upped their target price for the stock from $10.00 to $11.00 in a research note on Friday, January 9th. Barclays assumed coverage on shares of DiamondRock Hospitality in a report on Tuesday, January 6th. They set an “equal weight” rating and a $10.00 target price on the stock. Finally, Wells Fargo & Company raised their price target on shares of DiamondRock Hospitality from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Monday, December 1st. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $9.91.

Insider Transactions at DiamondRock Hospitality

In other news, CAO Steve Spierto sold 4,000 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $9.93, for a total transaction of $39,720.00. Following the completion of the transaction, the chief accounting officer directly owned 77,977 shares of the company’s stock, valued at approximately $774,311.61. This represents a 4.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.40% of the stock is owned by company insiders.

DiamondRock Hospitality Stock Performance

Shares of DiamondRock Hospitality stock opened at $9.21 on Friday. The business has a 50-day simple moving average of $9.60 and a 200-day simple moving average of $8.90. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.64 and a current ratio of 1.64. DiamondRock Hospitality Company has a one year low of $6.18 and a one year high of $10.67. The company has a market cap of $1.88 billion, a PE ratio of 36.84, a P/E/G ratio of 4.50 and a beta of 0.98.

DiamondRock Hospitality (NYSE:DRH) last issued its earnings results on Thursday, February 26th. The real estate investment trust reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.03. The firm had revenue of $274.53 million for the quarter, compared to analysts’ expectations of $273.18 million. DiamondRock Hospitality had a net margin of 5.69% and a return on equity of 4.04%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.24 earnings per share. DiamondRock Hospitality has set its FY 2026 guidance at 1.090-1.160 EPS. On average, equities research analysts forecast that DiamondRock Hospitality Company will post 0.96 EPS for the current fiscal year.

DiamondRock Hospitality Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.09 per share. This is a positive change from DiamondRock Hospitality’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.36 dividend on an annualized basis and a yield of 3.9%. DiamondRock Hospitality’s dividend payout ratio (DPR) is presently 81.82%.

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.