Ancora Advisors LLC Has $3.29 Million Position in DiamondRock Hospitality Company $DRH

Key Points

• Ancora Advisors LLC increased its holdings in DiamondRock Hospitality Company by 159.9%, acquiring 262,470 shares, bringing its total ownership to 426,620 shares valued at approximately $3.3 million.
• DiamondRock Hospitality reported $0.35 earnings per share for the last quarter, exceeding the consensus estimate of $0.33, while its revenue was $305.70 million, slightly below analyst expectations.
• The company declared a quarterly dividend of $0.08 per share, with a dividend yield of 3.8%, although its payout ratio stands at 123.08%.

Ancora Advisors LLC increased its stake in DiamondRock Hospitality Company (NYSE:DRH - Free Report) by 159.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 426,620 shares of the real estate investment trust's stock after purchasing an additional 262,470 shares during the quarter. Ancora Advisors LLC owned approximately 0.21% of DiamondRock Hospitality worth $3,294,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of DRH. Nissay Asset Management Corp Japan ADV grew its stake in DiamondRock Hospitality by 4.0% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 31,738 shares of the real estate investment trust's stock valued at $292,000 after acquiring an additional 1,216 shares in the last quarter. Illinois Municipal Retirement Fund grew its stake in shares of DiamondRock Hospitality by 1.8% in the 1st quarter. Illinois Municipal Retirement Fund now owns 107,860 shares of the real estate investment trust's stock valued at $833,000 after buying an additional 1,873 shares in the last quarter. Wolverine Asset Management LLC grew its stake in shares of DiamondRock Hospitality by 2.4% in the 1st quarter. Wolverine Asset Management LLC now owns 86,304 shares of the real estate investment trust's stock valued at $666,000 after buying an additional 2,016 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of DiamondRock Hospitality by 156.3% in the 1st quarter. Versant Capital Management Inc now owns 3,699 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 2,256 shares in the last quarter. Finally, Sei Investments Co. grew its stake in shares of DiamondRock Hospitality by 0.6% in the 1st quarter. Sei Investments Co. now owns 360,243 shares of the real estate investment trust's stock valued at $2,781,000 after buying an additional 2,311 shares in the last quarter.

DiamondRock Hospitality Stock Performance

DRH traded down $0.14 on Monday, hitting $8.45. 3,007,208 shares of the stock traded hands, compared to its average volume of 2,647,159. The firm has a market capitalization of $1.73 billion, a PE ratio of 32.48 and a beta of 1.39. DiamondRock Hospitality Company has a 52 week low of $6.18 and a 52 week high of $10.00. The business has a fifty day moving average price of $8.05 and a two-hundred day moving average price of $7.76. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.64.

DiamondRock Hospitality (NYSE:DRH - Get Free Report) last issued its earnings results on Thursday, August 7th. The real estate investment trust reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. The firm had revenue of $305.70 million during the quarter, compared to analysts' expectations of $303.70 million. DiamondRock Hospitality had a return on equity of 4.23% and a net margin of 6.04%.DiamondRock Hospitality's quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the business earned $0.34 earnings per share. DiamondRock Hospitality has set its FY 2025 guidance at 0.960-1.060 EPS. On average, research analysts predict that DiamondRock Hospitality Company will post 0.96 EPS for the current fiscal year.

DiamondRock Hospitality Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be paid a $0.08 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.8%. DiamondRock Hospitality's dividend payout ratio (DPR) is 123.08%.

Wall Street Analysts Forecast Growth

DRH has been the subject of several recent research reports. Truist Financial lowered their price target on DiamondRock Hospitality from $10.00 to $9.00 and set a "hold" rating for the company in a research note on Friday, May 30th. Wells Fargo & Company upped their target price on DiamondRock Hospitality from $8.25 to $9.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 27th. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $8.63.

DiamondRock Hospitality Company Profile

DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in leisure destinations and top gateway markets. The Company currently owns 36 premium quality hotels with over 9,700 rooms. The Company has strategically positioned its portfolio to be operated both under leading global brand families as well as independent boutique hotels in the lifestyle segment.