Deutsche Bank AG Invests $19.04 Million in DiamondRock Hospitality Company $DRH

Deutsche Bank AG bought a new stake in DiamondRock Hospitality Company (NYSE:DRH - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,562,897 shares of the real estate investment trust's stock, valued at approximately $19,036,000. Deutsche Bank AG owned approximately 0.76% of DiamondRock Hospitality as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in DRH. Allworth Financial LP grew its stake in DiamondRock Hospitality by 146.0% during the fourth quarter. Allworth Financial LP now owns 2,859 shares of the real estate investment trust's stock worth $26,000 after buying an additional 1,697 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of DiamondRock Hospitality by 77.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,436 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 1,498 shares during the last quarter. Global Retirement Partners LLC acquired a new position in shares of DiamondRock Hospitality in the 2nd quarter worth approximately $50,000. Danske Bank A S acquired a new position in shares of DiamondRock Hospitality in the 3rd quarter worth approximately $33,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in 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 worth $54,000 after acquiring an additional 1,470 shares during the last quarter.

DiamondRock Hospitality Trading Up 0.4%

NYSE:DRH opened at $12.82 on Friday. The business's 50-day moving average price is $12.43 and its two-hundred day moving average price is $10.96. DiamondRock Hospitality Company has a 1-year low of $7.47 and a 1-year high of $13.79. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 51.28, 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.

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

DiamondRock Hospitality Increases Dividend

The firm 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 $0.11 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.44 annualized dividend and a dividend yield of 3.4%. This is a boost from DiamondRock Hospitality's previous quarterly dividend of $0.09. DiamondRock Hospitality's payout ratio is presently 60.27%.

Insider Buying and Selling at DiamondRock Hospitality

In other news, Director Kathleen Merrill sold 20,000 shares of the company's stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $11.88, for a total value of $237,600.00. Following the completion of the transaction, the director owned 84,335 shares in the company, valued at $1,001,899.80. This represents a 19.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on DRH shares. Truist Financial boosted their price objective on DiamondRock Hospitality from $11.00 to $12.00 and gave the stock a "buy" rating in a research note on Tuesday, May 26th. Citigroup raised their target price on DiamondRock Hospitality from $11.00 to $13.00 and gave the company a "neutral" rating in a research note on Wednesday, July 22nd. Wells Fargo & Company lifted their price target on DiamondRock Hospitality from $12.00 to $13.00 and gave the company an "equal weight" rating in a report on Thursday, July 23rd. Barclays upped their price target on shares of DiamondRock Hospitality from $10.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Monday, June 1st. Finally, LADENBURG THALM/SH SH increased their price objective on shares of DiamondRock Hospitality from $13.00 to $14.00 and gave the stock a "buy" rating in a report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.

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