DiamondRock Hospitality Company $DRH Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC reduced its stake in shares of DiamondRock Hospitality Company (NYSE:DRH) by 38.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,316,555 shares of the real estate investment trust’s stock after selling 3,267,480 shares during the period. Pzena Investment Management LLC’s holdings in DiamondRock Hospitality were worth $47,636,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Allworth Financial LP lifted its position in shares of DiamondRock Hospitality by 146.0% in the 4th quarter. Allworth Financial LP now owns 2,859 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 1,697 shares during the last quarter. First Horizon Corp lifted its position in shares of DiamondRock Hospitality by 54.9% in the 4th quarter. First Horizon Corp now owns 3,214 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 1,139 shares during the last quarter. Global Retirement Partners LLC lifted its position in shares of DiamondRock Hospitality by 12,114.7% in the 4th quarter. Global Retirement Partners LLC now owns 4,153 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 4,119 shares during the last quarter. Danske Bank A S bought a new position in shares of DiamondRock Hospitality in the 3rd quarter worth about $33,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of DiamondRock Hospitality by 32.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,990 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 1,470 shares during the last quarter.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DRH. Citigroup raised their price target on shares of DiamondRock Hospitality from $9.50 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. LADENBURG THALM/SH SH began coverage on shares of DiamondRock Hospitality in a research report on Thursday, March 26th. They issued a “buy” rating and a $12.00 price target on the stock. Stifel Nicolaus raised their price target on shares of DiamondRock Hospitality from $11.00 to $11.25 and gave the stock a “hold” rating in a research report on Monday, May 11th. Wells Fargo & Company raised their price target on shares of DiamondRock Hospitality from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. Finally, Morgan Stanley raised their price target on shares of DiamondRock Hospitality from $9.50 to $9.60 and gave the stock an “equal weight” rating in a research report on Tuesday, May 12th. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $10.87.

DiamondRock Hospitality Trading Up 0.2%

Shares of NYSE:DRH opened at $10.78 on Friday. The company has a market cap of $2.20 billion, a PE ratio of 43.12, a P/E/G ratio of 4.50 and a beta of 0.99. The company’s 50-day moving average price is $10.01 and its 200 day moving average price is $9.53. DiamondRock Hospitality Company has a fifty-two week low of $7.31 and a fifty-two week high of $10.90. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.70.

DiamondRock Hospitality (NYSE:DRH) last issued 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 firm had revenue of $274.53 million for the quarter, compared to the consensus estimate 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 period last year, the firm posted $0.24 EPS. DiamondRock Hospitality has set its FY 2026 guidance at 1.090-1.160 EPS. Sell-side analysts anticipate 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, July 14th. Investors of record on Tuesday, June 30th will be given a $0.09 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.36 annualized dividend and a yield of 3.3%. DiamondRock Hospitality’s dividend payout ratio (DPR) is currently 76.60%.

Insider Activity

In related news, CAO Steve Spierto sold 4,000 shares of DiamondRock Hospitality stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $9.93, for a total value of $39,720.00. Following the sale, the chief accounting officer directly owned 77,977 shares in the company, valued at $774,311.61. This trade represents a 4.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael A. Hartmeier sold 20,000 shares of DiamondRock Hospitality stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $10.46, for a total transaction of $209,200.00. Following the completion of the sale, the director owned 95,354 shares in the company, valued at approximately $997,402.84. This represents a 17.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.90% of the company’s stock.

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.