Jump Financial LLC Takes Position in DiamondRock Hospitality Company $DRH

Key Points

• Jump Financial LLC has invested approximately $1.57 million in DiamondRock Hospitality Company by acquiring 202,800 shares, increasing their ownership to about 0.10% of the company.
• DiamondRock Hospitality reported $0.35 earnings per share (EPS) for the last quarter, exceeding analysts' expectations, while also projecting FY 2025 EPS guidance of 0.960-1.060.
• The company announced a quarterly dividend of $0.08 per share, with shareholders set to receive it on October 14th, resulting in an annualized yield of 3.7%.

Jump Financial LLC bought a new position in DiamondRock Hospitality Company (NYSE:DRH - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 202,800 shares of the real estate investment trust's stock, valued at approximately $1,566,000. Jump Financial LLC owned approximately 0.10% of DiamondRock Hospitality at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Nissay Asset Management Corp Japan ADV boosted its stake in shares of DiamondRock Hospitality by 4.0% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 31,738 shares of the real estate investment trust's stock valued at $292,000 after purchasing an additional 1,216 shares during the period. Ancora Advisors LLC boosted its stake in shares of DiamondRock Hospitality by 0.9% during the fourth quarter. Ancora Advisors LLC now owns 164,150 shares of the real estate investment trust's stock valued at $1,482,000 after purchasing an additional 1,490 shares during the period. Illinois Municipal Retirement Fund raised its holdings in shares of DiamondRock Hospitality by 1.8% during the first quarter. Illinois Municipal Retirement Fund now owns 107,860 shares of the real estate investment trust's stock valued at $833,000 after acquiring an additional 1,873 shares in the last quarter. Wolverine Asset Management LLC raised its holdings in shares of DiamondRock Hospitality by 2.4% during the first quarter. Wolverine Asset Management LLC now owns 86,304 shares of the real estate investment trust's stock valued at $666,000 after acquiring an additional 2,016 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of DiamondRock Hospitality by 156.3% during the first quarter. Versant Capital Management Inc now owns 3,699 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 2,256 shares in the last quarter.

DiamondRock Hospitality Stock Down 0.2%

DRH traded down $0.02 during trading on Friday, reaching $8.57. The stock had a trading volume of 1,782,247 shares, compared to its average volume of 2,663,925. The stock's 50 day moving average is $7.97 and its two-hundred day moving average is $7.77. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 32.94 and a beta of 1.39. DiamondRock Hospitality Company has a one year low of $6.18 and a one year high of $10.00.

DiamondRock Hospitality (NYSE:DRH - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.02. The business had revenue of $305.70 million during the quarter, compared to the consensus estimate of $303.70 million. DiamondRock Hospitality had a return on equity of 4.23% and a net margin of 6.04%.The firm's quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.34 earnings per share. DiamondRock Hospitality has set its FY 2025 guidance at 0.960-1.060 EPS. As a group, analysts expect that DiamondRock Hospitality Company will post 0.96 earnings per share for the current year.

DiamondRock Hospitality Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be issued a $0.08 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.32 dividend on an annualized basis and a yield of 3.7%. DiamondRock Hospitality's dividend payout ratio is 123.08%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on DRH shares. Wells Fargo & Company upped their target price on DiamondRock Hospitality from $8.25 to $9.00 and gave the company an "equal weight" rating in a report on Wednesday. Truist Financial decreased their target price on DiamondRock Hospitality from $10.00 to $9.00 and set a "hold" rating for the company in a report on Friday, May 30th. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, DiamondRock Hospitality has a consensus rating of "Hold" and a consensus target price of $8.63.

About DiamondRock Hospitality

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.