Van Lanschot Kempen Investment Management N.V. Has $1.18 Million Holdings in DiamondRock Hospitality Company $DRH

Key Points

• Van Lanschot Kempen Investment Management N.V. reduced its stake in DiamondRock Hospitality by 47.2%, selling 136,244 shares and now holding approximately 0.07% of the company worth $1,176,000.
• Analysts have varied opinions, with Evercore ISI lowering their price target from $10.00 to $9.00, while Bank of America upgraded the stock from "underperform" to "buy" with a price target of $9.50.
• DiamondRock Hospitality's stock currently holds a market capitalization of $1.66 billion, with recent earnings exceeding expectations at $0.35 per share.

Van Lanschot Kempen Investment Management N.V. decreased its position in shares of DiamondRock Hospitality Company (NYSE:DRH - Free Report) by 47.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 152,368 shares of the real estate investment trust's stock after selling 136,244 shares during the period. Van Lanschot Kempen Investment Management N.V. owned about 0.07% of DiamondRock Hospitality worth $1,176,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its position in shares of DiamondRock Hospitality by 54.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 91,486 shares of the real estate investment trust's stock worth $705,000 after purchasing an additional 32,298 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of DiamondRock Hospitality in the 1st quarter worth about $103,000. Envestnet Asset Management Inc. bought a new stake in shares of DiamondRock Hospitality in the 1st quarter worth about $395,000. Principal Financial Group Inc. increased its position in shares of DiamondRock Hospitality by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 1,034,246 shares of the real estate investment trust's stock worth $7,984,000 after purchasing an additional 23,653 shares during the last quarter. Finally, Deutsche Bank AG increased its position in shares of DiamondRock Hospitality by 24.8% in the 4th quarter. Deutsche Bank AG now owns 275,483 shares of the real estate investment trust's stock worth $2,488,000 after purchasing an additional 54,794 shares during the last quarter.

DiamondRock Hospitality Price Performance

Shares of NYSE:DRH traded up $0.4150 during trading on Friday, reaching $8.4550. The company had a trading volume of 2,544,785 shares, compared to its average volume of 2,782,171. DiamondRock Hospitality Company has a twelve month low of $6.18 and a twelve month high of $10.00. The firm has a market capitalization of $1.73 billion, a PE ratio of 32.52 and a beta of 1.41. The firm's fifty day moving average is $7.88 and its 200 day moving average is $7.78. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.30 and a current ratio of 1.30.

DiamondRock Hospitality (NYSE:DRH - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.02. The business had revenue of $305.70 million for the quarter, compared to analyst estimates of $303.70 million. DiamondRock Hospitality had a net margin of 6.04% and a return on equity of 4.23%. The firm's revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous 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, equities analysts forecast that DiamondRock Hospitality Company will post 0.96 EPS for the current year.

DiamondRock Hospitality Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, July 11th. Shareholders of record on Tuesday, July 1st were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a yield of 420.0%. DiamondRock Hospitality's dividend payout ratio is 123.08%.

Analysts Set New Price Targets

Several research analysts have recently commented on DRH shares. Evercore ISI decreased their price target on shares of DiamondRock Hospitality from $10.00 to $9.00 and set an "in-line" rating for the company in a report on Monday, April 28th. Stifel Nicolaus lifted their price target on shares of DiamondRock Hospitality from $8.00 to $8.25 and gave the company a "hold" rating in a report on Friday, May 2nd. Wells Fargo & Company upgraded shares of DiamondRock Hospitality from a "strong sell" rating to a "hold" rating and upped their target price for the stock from $7.75 to $8.25 in a research report on Tuesday, July 1st. Bank of America upgraded shares of DiamondRock Hospitality from an "underperform" rating to a "buy" rating and set a $9.50 target price for the company in a research report on Wednesday, April 30th. Finally, Truist Financial decreased their target price on shares of DiamondRock Hospitality from $10.00 to $9.00 and set a "hold" rating for the company in a research report on Friday, May 30th. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $8.50.

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.