Jackson Creek Investment Advisors LLC Takes $444,000 Position in DiamondRock Hospitality Company $DRH

Jackson Creek Investment Advisors LLC bought a new stake in shares of DiamondRock Hospitality Company (NYSE:DRH) in the 4th quarter, Holdings Channel.com reports. The firm bought 49,551 shares of the real estate investment trust’s stock, valued at approximately $444,000.

Several other institutional investors and hedge funds have also bought and sold shares of DRH. AQR Capital Management LLC grew 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 worth $505,000 after acquiring an additional 45,146 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in DiamondRock Hospitality by 5.1% during 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 acquiring an additional 5,971 shares during the last quarter. United Services Automobile Association bought a new position in DiamondRock Hospitality during the 1st quarter worth approximately $91,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in 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 worth $10,251,000 after acquiring an additional 48,558 shares during the last quarter. Finally, Creative Planning bought a new position in DiamondRock Hospitality during the 2nd quarter worth approximately $99,000.

Insider Activity at DiamondRock Hospitality

In other DiamondRock Hospitality news, Director Michael A. Hartmeier sold 20,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $10.46, for a total value 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 trade represents a 17.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Steve Spierto sold 4,000 shares of the stock in a transaction that occurred on 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 sale, the chief accounting officer owned 77,977 shares of the company’s stock, valued at approximately $774,311.61. This trade represents a 4.88% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.90% of the company’s stock.

DiamondRock Hospitality Trading Up 0.8%

NYSE DRH opened at $11.15 on Thursday. DiamondRock Hospitality Company has a fifty-two week low of $7.39 and a fifty-two week high of $11.23. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a 50 day simple moving average of $10.13 and a two-hundred day simple moving average of $9.61. The stock has a market cap of $2.28 billion, a P/E ratio of 44.60, a price-to-earnings-growth ratio of 4.50 and a beta of 0.99.

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, topping the consensus estimate of $0.24 by $0.03. DiamondRock Hospitality had a return on equity of 4.04% and a net margin of 5.69%.The business had revenue of $274.53 million during the quarter, compared to analysts’ expectations of $273.18 million. During the same quarter last year, the business posted $0.24 EPS. The business’s revenue was down 1.6% on a year-over-year basis. On average, analysts forecast that DiamondRock Hospitality Company will post 0.96 earnings per share for the current year.

DiamondRock Hospitality Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be issued a $0.09 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.36 annualized dividend and a yield of 3.2%. DiamondRock Hospitality’s dividend payout ratio (DPR) is 76.60%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DRH shares. Stifel Nicolaus raised their price target on DiamondRock Hospitality from $11.00 to $11.25 and gave the stock a “hold” rating in a research report on Monday, May 11th. LADENBURG THALM/SH SH started coverage on DiamondRock Hospitality in a research report on Thursday, March 26th. They set a “buy” rating and a $12.00 price target on the stock. Citigroup raised their price target on DiamondRock Hospitality from $9.50 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Wells Fargo & Company raised their price target on 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, Truist Financial raised their price target on DiamondRock Hospitality from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $10.98.

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.