Universal Beteiligungs und Servicegesellschaft mbH Purchases 26,417 Shares of DiamondRock Hospitality Company $DRH

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in DiamondRock Hospitality Company (NYSE:DRH) by 8.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 337,444 shares of the real estate investment trust’s stock after buying an additional 26,417 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.16% of DiamondRock Hospitality worth $2,585,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Profund Advisors LLC bought a new position in shares of DiamondRock Hospitality in the second quarter worth about $79,000. DRW Securities LLC bought a new stake in DiamondRock Hospitality during the 1st quarter valued at approximately $84,000. GAMMA Investing LLC lifted its holdings in DiamondRock Hospitality by 372.6% in the 2nd quarter. GAMMA Investing LLC now owns 10,927 shares of the real estate investment trust’s stock worth $84,000 after purchasing an additional 8,615 shares in the last quarter. United Services Automobile Association bought a new position in DiamondRock Hospitality in the 1st quarter worth approximately $91,000. Finally, Ethic Inc. bought a new position in DiamondRock Hospitality in the 2nd quarter worth approximately $96,000.

DiamondRock Hospitality Trading Up 0.4%

DRH stock opened at $8.85 on Tuesday. The firm has a fifty day moving average price of $8.17 and a 200 day moving average price of $8.01. DiamondRock Hospitality Company has a fifty-two week low of $6.18 and a fifty-two week high of $10.00. The firm has a market cap of $1.80 billion, a PE ratio of 35.41, a price-to-earnings-growth ratio of 4.35 and a beta of 1.38. 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) last released its quarterly earnings data on Thursday, November 6th. The real estate investment trust reported $0.29 EPS for the quarter, beating the consensus estimate of $0.25 by $0.04. DiamondRock Hospitality had a net margin of 5.69% and a return on equity of 4.04%. The business had revenue of $285.38 million during the quarter, compared to analyst estimates of $277.45 million. During the same quarter last year, the business earned $0.27 earnings per share. DiamondRock Hospitality’s quarterly revenue was up .1% compared to the same quarter last year. DiamondRock Hospitality has set its FY 2025 guidance at 1.020-1.06 EPS. Sell-side analysts anticipate that DiamondRock Hospitality Company will post 0.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DRH. Weiss Ratings reissued a “hold (c)” rating on shares of DiamondRock Hospitality in a report on Wednesday, October 8th. Evercore ISI lifted their price target on shares of DiamondRock Hospitality from $9.00 to $10.00 and gave the company an “in-line” rating in a report on Thursday, November 20th. Wells Fargo & Company upgraded shares of DiamondRock Hospitality to a “hold” rating in a research note on Friday, October 3rd. Finally, Morgan Stanley cut their price objective on DiamondRock Hospitality from $9.00 to $8.50 and set an “equal weight” rating for the company in a research report on Wednesday, October 22nd. One analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $9.04.

DiamondRock Hospitality Profile

DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in leisure destinations and top gateway markets. The Company currently owns 36 premium quality hotels with over 9,700 rooms. The Company has strategically positioned its portfolio to be operated both under leading global brand families as well as independent boutique hotels in the lifestyle segment.