DiamondRock Hospitality Company $DRH Shares Acquired by WINTON GROUP Ltd

Key Points

• WINTON GROUP Ltd dramatically increased its DiamondRock Hospitality stake by 2,699.7% in the second quarter, acquiring 410,356 additional shares and ending with a position worth approximately $5.2 million.
• DiamondRock reported quarterly EPS of $0.44, beating analyst expectations of $0.22, while revenue rose 4.1% year over year to $318.3 million. The company also raised its quarterly dividend from $0.09 to $0.11 per share, implying a 3.6% annualized yield.
• Shares recently traded at $12.18, and analysts lifted several price targets; the stock has a consensus “Moderate Buy” rating with an average target of $12.82.

WINTON GROUP Ltd increased its stake in DiamondRock Hospitality Company (NYSE:DRH - Free Report) by 2,699.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 425,556 shares of the real estate investment trust's stock after purchasing an additional 410,356 shares during the quarter. WINTON GROUP Ltd owned about 0.21% of DiamondRock Hospitality worth $5,183,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. AQR Capital Management LLC lifted its stake in shares of DiamondRock Hospitality by 223.2% in the 1st quarter. AQR Capital Management LLC now owns 65,376 shares of the real estate investment trust's stock worth $505,000 after acquiring an additional 45,146 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of DiamondRock Hospitality by 5.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 123,672 shares of the real estate investment trust's stock valued at $955,000 after acquiring an additional 5,971 shares during the period. United Services Automobile Association bought a new stake in DiamondRock Hospitality during the first quarter worth approximately $91,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in DiamondRock Hospitality by 3.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,327,841 shares of the real estate investment trust's stock worth $10,251,000 after purchasing an additional 48,558 shares in the last quarter. Finally, Creative Planning acquired a new stake in DiamondRock Hospitality in the second quarter worth approximately $99,000.

DiamondRock Hospitality Trading Up 0.9%

DiamondRock Hospitality stock opened at $12.18 on Friday. DiamondRock Hospitality Company has a 52 week low of $7.47 and a 52 week high of $13.79. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.64 and a current ratio of 1.64. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 48.72, a P/E/G ratio of 4.50 and a beta of 0.97. The company has a 50 day moving average price of $12.47 and a 200 day moving average price of $11.23.

DiamondRock Hospitality (NYSE:DRH - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.22. DiamondRock Hospitality had a return on equity of 4.04% and a net margin of 5.69%.The firm had revenue of $318.29 million for the quarter, compared to the consensus estimate of $314.98 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. The firm's revenue was up 4.1% on a year-over-year basis. 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 EPS for the current year.

DiamondRock Hospitality Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 3.6%. The ex-dividend date is Wednesday, September 30th. This is a positive change from DiamondRock Hospitality's previous quarterly dividend of $0.09. DiamondRock Hospitality's dividend payout ratio is currently 60.27%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Barclays increased their price target on DiamondRock Hospitality from $12.00 to $14.00 and gave the company an "equal weight" rating in a research note on Thursday, August 27th. Morgan Stanley upped their price objective on DiamondRock Hospitality from $10.00 to $11.00 and gave the company an "equal weight" rating in a report on Tuesday, August 18th. Bank of America raised their target price on DiamondRock Hospitality from $12.50 to $13.00 and gave the company a "buy" rating in a research note on Monday, July 20th. Wells Fargo & Company lifted their target price on DiamondRock Hospitality from $12.00 to $13.00 and gave the stock an "equal weight" rating in a report on Thursday, July 23rd. Finally, Citigroup upped their price target on shares of DiamondRock Hospitality from $11.00 to $13.00 and gave the company a "neutral" rating in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.82.

DiamondRock Hospitality Company Profile

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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