Top 5 REIT Stocks Under $10

2. DiamondRock Hospitality Co. (NYSE:DRH)

Number of Hedge Fund Holdings: 22

Share Price (As of September 27): $7.35

Based in Maryland, DiamondRock Hospitality (NYSE:DRH) is a real estate investment trust. The company is self-advised and owns more than 33 premium destination resorts and hotels all across the United States. The company was named Global Listed Sector Leader by the Global Real Estate Sustainability Benchmark (GRESB), bagging the top spot in the Hotel Sector two years in a row for its impressive CSR program.

On August 26, Stifel analyst Simon Yarmak lowered the price target on DiamondRock Hospitality (NYSE:DRH) to $11 from $12, maintaining a Buy rating on the shares post the company’s operational update. The presentation highlighted impressive Q2 2022 returns, with the company posting a revenue of $281.4 million, beating consensus $259.7 million. DiamondRock (NYSE:DRH) also posted an EPS of $0.23 in Q2 2022, beating estimates of $0.12 by $0.11.
Hedge fund sentiment around DiamondRock Hospitality (NYSE:DRH) has increased in the second quarter of 2022, with 22 hedge funds having stakes in the stock, up from 18 in the preceding quarter.