Centersquare Investment Management LLC Has $59.99 Million Holdings in DiamondRock Hospitality Company $DRH

Centersquare Investment Management LLC raised its stake in DiamondRock Hospitality Company (NYSE:DRH) by 6.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,536,975 shares of the real estate investment trust’s stock after buying an additional 427,467 shares during the quarter. Centersquare Investment Management LLC owned 3.70% of DiamondRock Hospitality worth $59,994,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its position in shares of DiamondRock Hospitality by 223.2% in the 1st quarter. AQR Capital Management LLC now owns 65,376 shares of the real estate investment trust’s stock valued at $505,000 after acquiring an additional 45,146 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in DiamondRock Hospitality by 5.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 123,672 shares of the real estate investment trust’s stock valued at $955,000 after purchasing an additional 5,971 shares in the last quarter. United Services Automobile Association acquired a new stake in DiamondRock Hospitality in the first quarter worth $91,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of DiamondRock Hospitality by 3.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,327,841 shares of the real estate investment trust’s stock worth $10,251,000 after purchasing an additional 48,558 shares in the last quarter. Finally, Ethic Inc. acquired a new position in shares of DiamondRock Hospitality in the 2nd quarter valued at $96,000.

Analyst Ratings Changes

Several brokerages recently commented on DRH. Wells Fargo & Company raised their price objective on DiamondRock Hospitality from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Monday, December 1st. Barclays began coverage on DiamondRock Hospitality in a research report on Tuesday, January 6th. They set an “equal weight” rating and a $10.00 price target on the stock. Evercore boosted their price objective on DiamondRock Hospitality from $9.00 to $10.00 and gave the company an “in-line” rating in a research report on Thursday, November 20th. Deutsche Bank Aktiengesellschaft raised DiamondRock Hospitality from a “hold” rating to a “buy” rating and increased their target price for the stock from $10.00 to $12.00 in a research note on Tuesday, January 13th. Finally, Truist Financial raised shares of DiamondRock Hospitality from a “hold” rating to a “buy” rating and lifted their price target for the company from $10.00 to $11.00 in a research note on Friday, January 9th. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, DiamondRock Hospitality has a consensus rating of “Hold” and a consensus price target of $9.91.

DiamondRock Hospitality Stock Up 0.3%

DRH stock opened at $10.05 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.64 and a quick ratio of 1.64. The stock has a market capitalization of $2.05 billion, a P/E ratio of 40.20, a P/E/G ratio of 4.50 and a beta of 1.03. DiamondRock Hospitality Company has a fifty-two week low of $6.18 and a fifty-two week high of $10.24. The business has a 50-day moving average of $9.43 and a 200-day moving average of $8.73.

DiamondRock Hospitality Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Wednesday, December 31st. DiamondRock Hospitality’s dividend payout ratio (DPR) is currently 128.00%.

DiamondRock Hospitality Company 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.