Elo Mutual Pension Insurance Co Acquires New Holdings in DiamondRock Hospitality Company $DRH

Elo Mutual Pension Insurance Co purchased a new stake in shares of DiamondRock Hospitality Company (NYSE:DRH - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 27,834 shares of the real estate investment trust's stock, valued at approximately $213,000.

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A number of other institutional investors have also modified their holdings of the company. XTX Topco Ltd purchased a new stake in DiamondRock Hospitality during the second quarter valued at approximately $108,000. Lasalle Investment Management Securities LLC increased its position in shares of DiamondRock Hospitality by 17.5% during the second quarter. Lasalle Investment Management Securities LLC now owns 1,299,074 shares of the real estate investment trust's stock worth $9,951,000 after purchasing an additional 193,699 shares in the last quarter. Prudential Financial Inc. lifted its holdings in shares of DiamondRock Hospitality by 24.2% during the 2nd quarter. Prudential Financial Inc. now owns 566,492 shares of the real estate investment trust's stock valued at $4,339,000 after purchasing an additional 110,455 shares during the last quarter. American Century Companies Inc. boosted its position in shares of DiamondRock Hospitality by 11.0% in the 2nd quarter. American Century Companies Inc. now owns 147,280 shares of the real estate investment trust's stock worth $1,128,000 after purchasing an additional 14,631 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of DiamondRock Hospitality by 1.3% in the 2nd quarter. Rhumbline Advisers now owns 652,813 shares of the real estate investment trust's stock worth $5,001,000 after purchasing an additional 8,639 shares in the last quarter.

DiamondRock Hospitality Stock Performance

Shares of NYSE:DRH opened at $9.11 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. DiamondRock Hospitality Company has a 52-week low of $6.18 and a 52-week high of $10.00. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 36.44, a PEG ratio of 4.50 and a beta of 1.38. The business has a 50-day moving average price of $8.24 and a 200-day moving average price of $8.04.

DiamondRock Hospitality (NYSE:DRH - Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $0.29 earnings per share for the quarter, topping 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 company had revenue of $285.38 million for the quarter, compared to the consensus estimate of $277.45 million. During the same quarter in the prior year, the company earned $0.27 EPS. DiamondRock Hospitality's quarterly revenue was up .1% on a year-over-year basis. DiamondRock Hospitality has set its FY 2025 guidance at 1.020-1.06 EPS. Equities analysts predict that DiamondRock Hospitality Company will post 0.96 EPS for the current year.

Analyst Upgrades and Downgrades

DRH has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of DiamondRock Hospitality in a research report on Wednesday, October 8th. Morgan Stanley cut their price objective on shares of DiamondRock Hospitality from $9.00 to $8.50 and set an "equal weight" rating on the stock in a report on Wednesday, October 22nd. Evercore ISI lifted their target price 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. Finally, Wells Fargo & Company raised shares of DiamondRock Hospitality to a "hold" rating in a research report on Friday, October 3rd. One analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $9.04.

Get Our Latest Stock Report on DRH

DiamondRock Hospitality Company 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.

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