Russell Investments Group Ltd. decreased its holdings in shares of DiamondRock Hospitality (NYSE:DRH - Free Report) by 10.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 802,816 shares of the real estate investment trust's stock after selling 98,567 shares during the period. Russell Investments Group Ltd. owned approximately 0.39% of DiamondRock Hospitality worth $7,249,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of DRH. BNP Paribas Financial Markets increased its stake in DiamondRock Hospitality by 46.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 65,575 shares of the real estate investment trust's stock valued at $572,000 after purchasing an additional 20,660 shares in the last quarter. State Street Corp raised its holdings in DiamondRock Hospitality by 1.8% in the third quarter. State Street Corp now owns 12,535,384 shares of the real estate investment trust's stock valued at $109,806,000 after buying an additional 221,219 shares during the period. Jane Street Group LLC lifted its position in DiamondRock Hospitality by 73.0% during the third quarter. Jane Street Group LLC now owns 302,757 shares of the real estate investment trust's stock valued at $2,643,000 after buying an additional 127,717 shares in the last quarter. Orion Portfolio Solutions LLC grew its stake in DiamondRock Hospitality by 1.6% during the third quarter. Orion Portfolio Solutions LLC now owns 104,965 shares of the real estate investment trust's stock worth $916,000 after buying an additional 1,652 shares during the period. Finally, Barclays PLC increased its position in shares of DiamondRock Hospitality by 37.6% in the third quarter. Barclays PLC now owns 368,616 shares of the real estate investment trust's stock worth $3,219,000 after acquiring an additional 100,805 shares in the last quarter.
DiamondRock Hospitality Stock Up 2.1 %
Shares of DiamondRock Hospitality stock traded up $0.15 during trading on Friday, reaching $6.97. The company had a trading volume of 2,020,989 shares, compared to its average volume of 2,166,562. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.73 and a current ratio of 1.73. DiamondRock Hospitality has a fifty-two week low of $6.19 and a fifty-two week high of $10.00. The firm's fifty day moving average is $7.83 and its 200-day moving average is $8.62. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 24.88, a price-to-earnings-growth ratio of 2.06 and a beta of 1.38.
DiamondRock Hospitality Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, March 28th. This represents a $0.32 annualized dividend and a yield of 4.59%. This is a boost from DiamondRock Hospitality's previous quarterly dividend of $0.03. DiamondRock Hospitality's dividend payout ratio is presently 188.24%.
Analysts Set New Price Targets
A number of analysts recently weighed in on DRH shares. Stifel Nicolaus decreased their price target on shares of DiamondRock Hospitality from $9.75 to $8.00 and set a "hold" rating for the company in a research report on Wednesday. Wells Fargo & Company dropped their target price on DiamondRock Hospitality from $10.50 to $9.50 and set an "equal weight" rating on the stock in a report on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $9.60.
View Our Latest Stock Report on DRH
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.
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