Susquehanna International Group LLP Sells 71,619 Shares of DiamondRock Hospitality Company $DRH

Susquehanna International Group LLP decreased its position in shares of DiamondRock Hospitality Company (NYSE:DRH) by 73.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 25,962 shares of the real estate investment trust’s stock after selling 71,619 shares during the period. Susquehanna International Group LLP’s holdings in DiamondRock Hospitality were worth $316,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ProShare Advisors LLC raised its holdings in DiamondRock Hospitality by 3.1% in the 4th quarter. ProShare Advisors LLC now owns 40,041 shares of the real estate investment trust’s stock worth $359,000 after acquiring an additional 1,203 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in DiamondRock Hospitality by 77.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,436 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 1,498 shares during the last quarter. Gallacher Capital Management LLC boosted its stake in DiamondRock Hospitality by 5.8% during the 1st quarter. Gallacher Capital Management LLC now owns 27,509 shares of the real estate investment trust’s stock valued at $258,000 after purchasing an additional 1,504 shares during the last quarter. Metis Global Partners LLC increased its holdings in shares of DiamondRock Hospitality by 3.6% in the 4th quarter. Metis Global Partners LLC now owns 48,193 shares of the real estate investment trust’s stock worth $432,000 after purchasing an additional 1,667 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in shares of DiamondRock Hospitality by 146.0% in the 4th quarter. Allworth Financial LP now owns 2,859 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 1,697 shares in the last quarter.

Insider Buying and Selling

In other DiamondRock Hospitality news, Director Kathleen Merrill sold 20,000 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $11.88, for a total value of $237,600.00. Following the transaction, the director owned 84,335 shares of the company’s stock, valued at approximately $1,001,899.80. This represents a 19.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Bank of America boosted their price target on DiamondRock Hospitality from $12.50 to $13.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Truist Financial increased their price objective on DiamondRock Hospitality from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Stifel Nicolaus lifted their price objective on DiamondRock Hospitality from $12.50 to $13.25 and gave the stock a “hold” rating in a report on Friday, July 31st. LADENBURG THALM/SH SH boosted their target price on DiamondRock Hospitality from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Finally, Zacks Research upgraded shares of DiamondRock Hospitality from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, DiamondRock Hospitality currently has an average rating of “Moderate Buy” and an average price target of $12.53.

DiamondRock Hospitality Trading Down 2.5%

NYSE:DRH opened at $12.00 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.70. DiamondRock Hospitality Company has a 12 month low of $7.47 and a 12 month high of $13.79. The company has a market cap of $2.46 billion, a PE ratio of 48.00, a price-to-earnings-growth ratio of 4.50 and a beta of 0.98. The company has a 50 day simple moving average of $12.49 and a two-hundred day simple moving average of $11.12.

DiamondRock Hospitality (NYSE:DRH) last announced its earnings results on Thursday, July 30th. The real estate investment trust reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.22. The business had revenue of $318.29 million during the quarter, compared to analyst estimates of $314.98 million. DiamondRock Hospitality had a net margin of 5.69% and a return on equity of 4.04%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 EPS. DiamondRock Hospitality has set its FY 2026 guidance at 1.180-1.230 EPS. Research analysts forecast that DiamondRock Hospitality Company will post 0.96 earnings per share for the current year.

DiamondRock Hospitality Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 3.7%. This is a boost from DiamondRock Hospitality’s previous quarterly dividend of $0.09. The ex-dividend date is Wednesday, September 30th. DiamondRock Hospitality’s dividend payout ratio (DPR) is currently 60.27%.

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.