Fisher Asset Management LLC Has $6.25 Million Holdings in DiamondRock Hospitality Company $DRH

Fisher Asset Management LLC cut its position in shares of DiamondRock Hospitality Company (NYSE:DRH) by 13.1% in the third quarter, Holdings Channel reports. The firm owned 785,231 shares of the real estate investment trust’s stock after selling 118,337 shares during the period. Fisher Asset Management LLC’s holdings in DiamondRock Hospitality were worth $6,250,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. State of Wyoming bought a new position in DiamondRock Hospitality during the second quarter valued at approximately $58,000. Smartleaf Asset Management LLC raised its holdings in shares of DiamondRock Hospitality by 33.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 9,294 shares of the real estate investment trust’s stock valued at $72,000 after purchasing an additional 2,349 shares in the last quarter. Profund Advisors LLC acquired a new stake in shares of DiamondRock Hospitality in the 2nd quarter valued at $79,000. United Services Automobile Association bought a new stake in DiamondRock Hospitality in the first quarter worth $91,000. Finally, Journey Strategic Wealth LLC acquired a new position in DiamondRock Hospitality during the third quarter worth $97,000.

Insider Transactions at DiamondRock Hospitality

In other news, CAO Steve Spierto sold 4,000 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $9.93, for a total transaction of $39,720.00. Following the transaction, the chief accounting officer owned 77,977 shares in the company, valued at approximately $774,311.61. The trade was a 4.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.40% of the stock is owned by corporate insiders.

DiamondRock Hospitality Stock Performance

DRH opened at $9.91 on Friday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.70. The stock’s 50 day moving average price is $9.52 and its two-hundred day moving average price is $8.81. The firm has a market capitalization of $2.02 billion, a P/E ratio of 39.64, a price-to-earnings-growth ratio of 4.50 and a beta of 0.98. DiamondRock Hospitality Company has a 12-month low of $6.18 and a 12-month high of $10.67.

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

DiamondRock Hospitality Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st will be given a $0.09 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $0.36 annualized dividend and a yield of 3.6%. This is a positive change from DiamondRock Hospitality’s previous quarterly dividend of $0.08. DiamondRock Hospitality’s dividend payout ratio (DPR) is 81.82%.

Analyst Ratings Changes

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

DiamondRock Hospitality 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.