Ancora Advisors LLC Takes Position in DiamondRock Hospitality Company $DRH

Key Points

• Ancora Advisors purchased 496,340 shares of DiamondRock Hospitality worth approximately $6.05 million, giving it a 0.24% stake. Several other institutional investors also increased their holdings.
• DiamondRock reported quarterly EPS of $0.44, beating the $0.22 consensus estimate, while revenue rose 4.1% year over year to $318.29 million. The company issued fiscal 2026 EPS guidance of $1.18–$1.23.
• The REIT increased its quarterly dividend from $0.09 to $0.11 per share, implying a 3.4% annualized yield. Analysts maintain a “Moderate Buy” consensus, with an average price target of $12.32.

Ancora Advisors LLC purchased a new position in DiamondRock Hospitality Company (NYSE:DRH - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 496,340 shares of the real estate investment trust's stock, valued at approximately $6,045,000. Ancora Advisors LLC owned 0.24% of DiamondRock Hospitality at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the company. ProShare Advisors LLC lifted its position in shares of DiamondRock Hospitality by 3.1% during the 4th quarter. ProShare Advisors LLC now owns 40,041 shares of the real estate investment trust's stock valued at $359,000 after buying an additional 1,203 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of DiamondRock Hospitality by 32.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,990 shares of the real estate investment trust's stock valued at $54,000 after buying an additional 1,470 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in DiamondRock Hospitality by 77.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,436 shares of the real estate investment trust's stock worth $31,000 after buying an additional 1,498 shares during the period. Gallacher Capital Management LLC raised its holdings 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 acquiring an additional 1,504 shares during the period. Finally, Metis Global Partners LLC lifted its position in shares of DiamondRock Hospitality by 3.6% during the fourth quarter. Metis Global Partners LLC now owns 48,193 shares of the real estate investment trust's stock worth $432,000 after acquiring an additional 1,667 shares in the last quarter.

Insider Activity at DiamondRock Hospitality

In related news, Director Kathleen Merrill sold 20,000 shares of the business's stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $11.88, for a total transaction of $237,600.00. Following the transaction, the director owned 84,335 shares in the company, valued at $1,001,899.80. The trade was a 19.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.90% of the company's stock.

DiamondRock Hospitality Stock Up 1.0%

Shares of NYSE:DRH opened at $12.87 on Wednesday. The stock's 50-day moving average is $12.46 and its 200 day moving average is $11.02. The company has a market cap of $2.63 billion, a PE ratio of 51.48, a P/E/G ratio of 4.50 and a beta of 0.98. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.64 and a quick ratio of 1.64. DiamondRock Hospitality Company has a 1 year low of $7.47 and a 1 year high of $13.79.

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

DiamondRock Hospitality Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be issued a $0.11 dividend. This is a boost from DiamondRock Hospitality's previous quarterly dividend of $0.09. The ex-dividend date is Wednesday, September 30th. This represents a $0.44 annualized dividend and a yield of 3.4%. DiamondRock Hospitality's dividend payout ratio (DPR) is currently 60.27%.

Analyst Ratings Changes

Several brokerages have commented on DRH. Barclays raised their target price on DiamondRock Hospitality from $10.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Monday, June 1st. Zacks Research upgraded DiamondRock Hospitality from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 19th. Morgan Stanley lifted their price target on DiamondRock Hospitality from $10.00 to $11.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 18th. LADENBURG THALM/SH SH boosted their price target on shares of DiamondRock Hospitality from $13.00 to $14.00 and gave the stock a "buy" rating in a research note on Thursday, June 18th. Finally, Stifel Nicolaus lifted their price objective on shares of DiamondRock Hospitality from $12.50 to $13.25 and gave the stock a "hold" rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $12.32.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source