Metis Global Partners LLC Has $261,000 Position in DiamondRock Hospitality Company $DRH

Metis Global Partners LLC lifted its position in shares of DiamondRock Hospitality Company (NYSE:DRH – Free Report) by 29.5% in the second quarter, HoldingsChannel.com reports. The fund owned 34,065 shares of the real estate investment trust’s stock after buying an additional 7,758 shares during the period. Metis Global Partners LLC’s holdings in DiamondRock Hospitality were worth $261,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. DRW Securities LLC bought a new position in DiamondRock Hospitality in the first quarter valued at approximately $84,000. GAMMA Investing LLC increased its stake in shares of 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 valued at $84,000 after purchasing an additional 8,615 shares during the last quarter. United Services Automobile Association bought a new position in shares of DiamondRock Hospitality in the 1st quarter valued at $91,000. Ethic Inc. acquired a new position in shares of DiamondRock Hospitality during the 2nd quarter worth $96,000. Finally, Walleye Capital LLC bought a new stake in shares of DiamondRock Hospitality during the 1st quarter worth $97,000.

DiamondRock Hospitality Price Performance

DiamondRock Hospitality stock opened at $8.96 on Friday. The stock has a 50-day moving average price of $8.11 and a two-hundred day moving average price of $7.93. DiamondRock Hospitality Company has a 12 month low of $6.18 and a 12 month high of $10.00. The company has a market capitalization of $1.83 billion, a PE ratio of 35.84, a P/E/G ratio of 4.52 and a beta of 1.38. The company has a current ratio of 1.64, a quick ratio of 1.30 and a debt-to-equity ratio of 0.70.

DiamondRock Hospitality (NYSE:DRH – Get Free Report) last released 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. The company had revenue of $285.38 million for the quarter, compared to analysts’ expectations of $277.45 million. DiamondRock Hospitality had a return on equity of 4.04% and a net margin of 5.69%.The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.27 earnings per share. DiamondRock Hospitality has set its FY 2025 guidance at 1.020-1.06 EPS. Analysts expect that DiamondRock Hospitality Company will post 0.96 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Morgan Stanley decreased their target price on DiamondRock Hospitality from $9.00 to $8.50 and set an “equal weight” rating on the stock in a research report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of DiamondRock Hospitality in a report on Wednesday, October 8th. Finally, Wells Fargo & Company upgraded shares of DiamondRock Hospitality to a “hold” rating in a research report on Friday, October 3rd. One research analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $8.88.

Check Out Our Latest Analysis on DiamondRock Hospitality

About DiamondRock Hospitality

(Free Report)

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.

Featured Stories

• Five stocks we like better than DiamondRock Hospitality
• How to Calculate Inflation Rate
• dLocal Falls Despite Blowout Q3 Results—What Investors Are Missing
• What is the MACD Indicator and How to Use it in Your Trading
• Ondas Holdings Signals a Rebound as Drone Demand Soars
• Dividend Capture Strategy: What You Need to Know
• Disney’s 2026 Outlook Brightens Under Iger’s Magic Touch

Want to see what other hedge funds are holding DRH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DiamondRock Hospitality Company (NYSE:DRH – Free Report).