Lighthouse Investment Partners LLC Acquires 215,000 Shares of DiamondRock Hospitality Company $DRH

Key Points

• Lighthouse Investment Partners increased its stake in DiamondRock Hospitality by 35.2% in Q3, buying 215,000 shares to hold 825,000 shares (about 0.41% of the company) valued at roughly $6.57 million per its SEC filing.
• DiamondRock raised its quarterly dividend to $0.09 (annualized $0.36) for a 3.8% yield, with an ex-dividend date of March 31 and payment on April 14.
• Analyst views are mixed: several firms (including Truist and Deutsche Bank) upgraded or raised targets to as high as $12, but the consensus remains a "Hold" with an average target of $9.91; the company also beat quarterly EPS estimates ($0.27 vs. $0.24) and set FY2026 guidance of $1.090–$1.160.

Lighthouse Investment Partners LLC lifted its holdings in shares of DiamondRock Hospitality Company (NYSE:DRH - Free Report) by 35.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 825,000 shares of the real estate investment trust's stock after acquiring an additional 215,000 shares during the quarter. Lighthouse Investment Partners LLC owned approximately 0.41% of DiamondRock Hospitality worth $6,567,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in DiamondRock Hospitality by 223.2% during the 1st quarter. AQR Capital Management LLC now owns 65,376 shares of the real estate investment trust's stock valued at $505,000 after purchasing an additional 45,146 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of DiamondRock Hospitality by 5.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 123,672 shares of the real estate investment trust's stock worth $955,000 after purchasing an additional 5,971 shares during the period. United Services Automobile Association bought a new stake in shares of DiamondRock Hospitality during the 1st quarter valued at about $91,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of DiamondRock Hospitality by 3.8% during the 1st 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 valued at $10,251,000 after purchasing an additional 48,558 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of DiamondRock Hospitality by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 1,882,185 shares of the real estate investment trust's stock valued at $14,418,000 after buying an additional 16,620 shares during the period.

Wall Street Analyst Weigh In

Several analysts have commented on DRH shares. Wells Fargo & Company raised their price objective on shares of DiamondRock Hospitality from $9.00 to $10.00 and gave the stock an "equal weight" rating in a report on Monday, December 1st. Truist Financial upgraded DiamondRock Hospitality from a "hold" rating to a "buy" rating and upped their target price for the stock from $10.00 to $11.00 in a report on Friday, January 9th. Evercore increased their target price on DiamondRock Hospitality from $9.00 to $10.00 and gave the stock an "in-line" rating in a research report on Thursday, November 20th. Barclays began coverage on DiamondRock Hospitality in a research note on Tuesday, January 6th. They issued an "equal weight" rating and a $10.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft raised DiamondRock Hospitality from a "hold" rating to a "buy" rating and upped their price target for the stock from $10.00 to $12.00 in a research note on Tuesday, January 13th. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $9.91.

DiamondRock Hospitality Price Performance

Shares of DRH opened at $9.43 on Tuesday. DiamondRock Hospitality Company has a fifty-two week low of $6.18 and a fifty-two week high of $10.67. The firm's 50-day simple moving average is $9.57 and its two-hundred day simple moving average is $8.88. The stock has a market cap of $1.92 billion, a PE ratio of 37.72, a price-to-earnings-growth ratio of 4.50 and a beta of 0.98. 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 earnings results 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 firm 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%. The business's revenue was down 1.6% on a year-over-year basis. During the same period last year, the business earned $0.24 earnings per share. DiamondRock Hospitality has set its FY 2026 guidance at 1.090-1.160 EPS. Analysts anticipate that DiamondRock Hospitality Company will post 0.96 earnings per share for the current fiscal year.

DiamondRock Hospitality Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 3.8%. This is a positive change from DiamondRock Hospitality's previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Tuesday, March 31st. DiamondRock Hospitality's dividend payout ratio is presently 81.82%.

Insider Buying and Selling at DiamondRock Hospitality

In other news, CAO Steve Spierto sold 4,000 shares of DiamondRock Hospitality stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $9.93, for a total value of $39,720.00. Following the completion of the transaction, the chief accounting officer owned 77,977 shares of the company's stock, valued at $774,311.61. The trade was a 4.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is owned by insiders.

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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