DiamondRock Hospitality Company $DRH Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC reduced its position in shares of DiamondRock Hospitality Company (NYSE:DRH) by 13.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 785,231 shares of the real estate investment trust’s stock after selling 118,337 shares during the period. Fisher Asset Management LLC owned approximately 0.39% of DiamondRock Hospitality worth $6,250,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DRH. Asset Management One Co. Ltd. boosted its position in shares of DiamondRock Hospitality by 0.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 295,567 shares of the real estate investment trust’s stock valued at $2,353,000 after purchasing an additional 1,792 shares in the last quarter. M&T Bank Corp boosted its holdings in DiamondRock Hospitality by 9.4% during the second quarter. M&T Bank Corp now owns 21,298 shares of the real estate investment trust’s stock worth $163,000 after buying an additional 1,833 shares in the last quarter. Daiwa Securities Group Inc. grew its position in DiamondRock Hospitality by 2.7% in the second quarter. Daiwa Securities Group Inc. now owns 72,809 shares of the real estate investment trust’s stock worth $558,000 after buying an additional 1,880 shares during the last quarter. Police & Firemen s Retirement System of New Jersey increased its holdings in shares of DiamondRock Hospitality by 4.7% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 47,102 shares of the real estate investment trust’s stock valued at $361,000 after buying an additional 2,129 shares in the last quarter. Finally, Choreo LLC increased its holdings in shares of DiamondRock Hospitality by 13.8% in the third quarter. Choreo LLC now owns 17,909 shares of the real estate investment trust’s stock valued at $144,000 after buying an additional 2,175 shares in the last quarter.

Analyst Upgrades and Downgrades

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

Insider Activity

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

DiamondRock Hospitality Trading Down 1.0%

Shares of NYSE DRH opened at $9.91 on Friday. DiamondRock Hospitality Company has a one year low of $6.18 and a one year high of $10.67. The firm has a market capitalization of $2.02 billion, a PE ratio of 39.64, a PEG ratio of 4.50 and a beta of 0.98. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.70. The business has a 50-day moving average price of $9.52 and a two-hundred day moving average price of $8.81.

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 analysts’ consensus estimates of $0.24 by $0.03. The company had revenue of $274.53 million for the quarter, compared to the consensus estimate of $273.18 million. DiamondRock Hospitality had a return on equity of 4.04% and a net margin of 5.69%.The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 EPS. DiamondRock Hospitality has set its FY 2026 guidance at 1.090-1.160 EPS. As a group, analysts predict that DiamondRock Hospitality Company will post 0.96 earnings per share for the current fiscal year.

DiamondRock Hospitality Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Tuesday, March 31st. This is a positive change from DiamondRock Hospitality’s previous quarterly dividend of $0.08. DiamondRock Hospitality’s payout ratio is currently 81.82%.

About DiamondRock Hospitality

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.