DiamondRock Hospitality Company $DRH Stock Holdings Lifted by SG Americas Securities LLC

Key Points

• SG Americas Securities boosted its stake in DiamondRock by 881.7% in Q4 to 2,024,790 shares, representing about 0.99% of the company and valued at roughly $18.14 million.
• DiamondRock beat Q4 estimates with $0.27 EPS (vs. $0.24 expected) and $274.5M revenue, set FY2026 guidance of 1.090–1.160 EPS, and raised its quarterly dividend to $0.09 (annualized $0.36, ~3.9% yield).
• Analyst sentiment is mixed — four analysts rate the stock a Buy and six a Hold, leaving a consensus rating of “Hold” with an average target price of $10.14.

SG Americas Securities LLC grew its stake in shares of DiamondRock Hospitality Company (NYSE:DRH - Free Report) by 881.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,024,790 shares of the real estate investment trust's stock after acquiring an additional 1,818,527 shares during the period. SG Americas Securities LLC owned about 0.99% of DiamondRock Hospitality worth $18,142,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in DiamondRock Hospitality by 106.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,412,002 shares of the real estate investment trust's stock worth $41,456,000 after buying an additional 2,788,022 shares during the period. Qube Research & Technologies Ltd boosted its holdings in shares of DiamondRock Hospitality by 469.0% in the third quarter. Qube Research & Technologies Ltd now owns 2,002,863 shares of the real estate investment trust's stock worth $15,943,000 after buying an additional 1,650,871 shares during the period. Bank of America Corp DE increased its position in shares of DiamondRock Hospitality by 17.5% in the second quarter. Bank of America Corp DE now owns 9,231,991 shares of the real estate investment trust's stock worth $70,717,000 after acquiring an additional 1,377,897 shares in the last quarter. Hudson Bay Capital Management LP purchased a new position in shares of DiamondRock Hospitality in the third quarter worth approximately $9,098,000. Finally, Man Group plc raised its holdings in shares of DiamondRock Hospitality by 683.6% during the third quarter. Man Group plc now owns 1,201,040 shares of the real estate investment trust's stock valued at $9,560,000 after acquiring an additional 1,047,772 shares during the period.

Insider Activity

In related news, CAO Steve Spierto sold 4,000 shares of the firm's stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $9.93, for a total value of $39,720.00. Following the transaction, the chief accounting officer directly owned 77,977 shares in the company, valued at approximately $774,311.61. This trade represents a 4.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.90% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on DRH. LADENBURG THALM/SH SH began coverage on shares of DiamondRock Hospitality in a research report on Thursday. They set a "buy" rating and a $12.00 price objective on the stock. Barclays started coverage on DiamondRock Hospitality in a report on Tuesday, January 6th. They issued an "equal weight" rating and a $10.00 target price for the company. Deutsche Bank Aktiengesellschaft raised DiamondRock Hospitality from a "hold" rating to a "buy" rating and raised their target price for the stock from $10.00 to $12.00 in a research report on Tuesday, January 13th. Truist Financial upgraded DiamondRock Hospitality from a "hold" rating to a "buy" rating and lifted their price target for the company from $10.00 to $11.00 in a report on Friday, January 9th. Finally, Wells Fargo & Company increased their price objective on DiamondRock Hospitality from $9.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Monday, December 1st. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $10.14.

DiamondRock Hospitality Trading Down 2.8%

Shares of NYSE DRH opened at $9.32 on Friday. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 37.28, a PEG ratio of 4.50 and a beta of 0.98. The business has a 50 day simple moving average of $9.61 and a 200 day simple moving average of $8.93. DiamondRock Hospitality Company has a 52 week low of $6.18 and a 52 week high of $10.67. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.64 and a current ratio of 1.64.

DiamondRock Hospitality (NYSE:DRH - Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.03. The business had revenue of $274.53 million during the quarter, compared to analyst estimates of $273.18 million. DiamondRock Hospitality had a net margin of 5.69% and a return on equity of 4.04%. DiamondRock Hospitality's quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.24 EPS. DiamondRock Hospitality has set its FY 2026 guidance at 1.090-1.160 EPS. On average, research analysts predict that DiamondRock Hospitality Company will post 0.96 earnings per share for the current fiscal year.

DiamondRock Hospitality Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 31st will be paid a $0.09 dividend. The ex-dividend date is Tuesday, March 31st. This is a positive change from DiamondRock Hospitality's previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.9%. DiamondRock Hospitality's dividend payout ratio is presently 81.82%.

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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