Bailard Inc. Has $480,000 Stock Holdings in DiamondRock Hospitality Company $DRH

Bailard Inc. cut its position in shares of DiamondRock Hospitality Company (NYSE:DRH) by 47.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,600 shares of the real estate investment trust’s stock after selling 48,919 shares during the quarter. Bailard Inc.’s holdings in DiamondRock Hospitality were worth $480,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. State Street Corp grew its position in DiamondRock Hospitality by 0.8% during the second quarter. State Street Corp now owns 12,587,578 shares of the real estate investment trust’s stock worth $97,400,000 after buying an additional 93,929 shares in the last quarter. Bank of America Corp DE grew its position in DiamondRock Hospitality by 17.5% during 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 buying an additional 1,377,897 shares in the last quarter. Alyeska Investment Group L.P. grew its position in DiamondRock Hospitality by 5.5% during the third quarter. Alyeska Investment Group L.P. now owns 9,152,343 shares of the real estate investment trust’s stock worth $72,853,000 after buying an additional 475,611 shares in the last quarter. Centersquare Investment Management LLC grew its position in DiamondRock Hospitality by 6.0% during the third quarter. Centersquare Investment Management LLC now owns 7,536,975 shares of the real estate investment trust’s stock worth $59,994,000 after buying an additional 427,467 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in DiamondRock Hospitality by 1.6% during the third quarter. JPMorgan Chase & Co. now owns 5,500,337 shares of the real estate investment trust’s stock worth $43,783,000 after buying an additional 88,335 shares in the last quarter.

Insider Buying and Selling

In other news, Director Michael A. Hartmeier sold 20,000 shares of DiamondRock Hospitality stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $10.46, for a total value of $209,200.00. Following the completion of the transaction, the director owned 95,354 shares in the company, valued at approximately $997,402.84. The trade was a 17.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Steve Spierto sold 4,000 shares of DiamondRock Hospitality stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $9.93, for a total transaction 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. This trade represents a 4.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.90% of the company’s stock.

DiamondRock Hospitality Stock Up 0.3%

NYSE DRH opened at $10.50 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.70. The stock’s 50 day moving average is $9.92 and its two-hundred day moving average is $9.43. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 42.00, a PEG ratio of 4.50 and a beta of 0.99. DiamondRock Hospitality Company has a 1-year low of $7.31 and a 1-year high of $10.90.

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

DiamondRock Hospitality Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be paid a $0.09 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.4%. DiamondRock Hospitality’s payout ratio is 76.60%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. LADENBURG THALM/SH SH assumed coverage on DiamondRock Hospitality in a research report on Thursday, March 26th. They set a “buy” rating and a $12.00 target price on the stock. Wells Fargo & Company lifted their price objective on DiamondRock Hospitality from $10.00 to $11.00 and gave the company an “equal weight” rating in a report on Wednesday, April 22nd. Stifel Nicolaus lifted their price objective on DiamondRock Hospitality from $11.00 to $11.25 and gave the company a “hold” rating in a report on Monday. Citigroup lifted their price objective on DiamondRock Hospitality from $9.50 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, Morgan Stanley lifted their price objective on DiamondRock Hospitality from $9.50 to $9.60 and gave the company an “equal weight” rating in a report on Tuesday. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, DiamondRock Hospitality currently has a consensus rating of “Hold” and an average price target of $10.87.

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.