Bailard Inc. Sells 48,919 Shares of DiamondRock Hospitality Company $DRH

Bailard Inc. lowered its position in DiamondRock Hospitality Company (NYSE:DRH) by 47.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 53,600 shares of the real estate investment trust’s stock after selling 48,919 shares during the quarter. Bailard Inc.’s holdings in DiamondRock Hospitality were worth $480,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. First Horizon Corp raised its position in DiamondRock Hospitality by 54.9% in the 4th quarter. First Horizon Corp now owns 3,214 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 1,139 shares during the last quarter. Danske Bank A S bought a new position in DiamondRock Hospitality in the 3rd quarter worth approximately $33,000. Mirae Asset Global Investments Co. Ltd. raised its position in DiamondRock Hospitality by 32.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,990 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 1,470 shares during the last quarter. State of Wyoming bought a new position in DiamondRock Hospitality in the 2nd quarter worth approximately $58,000. Finally, Smartleaf Asset Management LLC raised its position in 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 worth $72,000 after purchasing an additional 2,349 shares during the last quarter.

Insider Buying and Selling at DiamondRock Hospitality

In other news, Director Michael A. Hartmeier sold 20,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $10.46, for a total value of $209,200.00. Following the completion of the transaction, the director owned 95,354 shares of the company’s stock, valued at $997,402.84. The trade was a 17.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 completion of the transaction, the chief accounting officer directly owned 77,977 shares of the company’s stock, valued at $774,311.61. This trade represents a 4.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on DRH shares. Morgan Stanley boosted their price objective on shares of DiamondRock Hospitality from $9.50 to $9.60 and gave the stock an “equal weight” rating in a research report on Tuesday. Citigroup boosted their price objective on shares of DiamondRock Hospitality from $9.50 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. LADENBURG THALM/SH SH began coverage on shares of DiamondRock Hospitality in a report on Thursday, March 26th. They set a “buy” rating and a $12.00 target price for the company. Wells Fargo & Company lifted their target price on shares of DiamondRock Hospitality from $10.00 to $11.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Finally, Stifel Nicolaus lifted their target price on shares of DiamondRock Hospitality from $11.00 to $11.25 and gave the stock a “hold” rating in a report on Monday. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.87.

DiamondRock Hospitality Price Performance

DRH opened at $10.50 on Friday. The company has a fifty day moving average price of $9.92 and a two-hundred day moving average price of $9.43. 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 52 week low of $7.31 and a 52 week high of $10.90. The firm has a market capitalization of $2.15 billion, a PE ratio of 42.00, a P/E/G ratio of 4.50 and a beta of 0.99.

DiamondRock Hospitality (NYSE:DRH) last released its earnings results on Thursday, February 26th. The real estate investment trust reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. DiamondRock Hospitality had a net margin of 5.69% and a return on equity of 4.04%. The firm had revenue of $274.53 million during the quarter, compared to analyst estimates of $273.18 million. During the same quarter in the previous year, the business earned $0.24 EPS. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. DiamondRock Hospitality has set its FY 2026 guidance at 1.090-1.160 EPS. As a group, analysts anticipate that DiamondRock Hospitality Company will post 0.96 earnings per share for the current year.

DiamondRock Hospitality Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.36 annualized dividend and a dividend yield of 3.4%. DiamondRock Hospitality’s payout ratio is 76.60%.

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.