Universal Beteiligungs und Servicegesellschaft mbH Buys New Position in DiamondRock Hospitality Company (NYSE:DRH)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of DiamondRock Hospitality Company (NYSE:DRH - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 311,027 shares of the real estate investment trust's stock, valued at approximately $2,401,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.15% of DiamondRock Hospitality as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc increased its stake in shares of DiamondRock Hospitality by 156.3% in the first quarter. Versant Capital Management Inc now owns 3,699 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 2,256 shares in the last quarter. GF Fund Management CO. LTD. acquired a new stake in shares of DiamondRock Hospitality in the fourth quarter valued at $34,000. State of Wyoming acquired a new stake in shares of DiamondRock Hospitality in the fourth quarter valued at $54,000. FIL Ltd acquired a new stake in shares of DiamondRock Hospitality in the fourth quarter valued at $60,000. Finally, Caxton Associates LP acquired a new stake in shares of DiamondRock Hospitality in the fourth quarter valued at $92,000.

DiamondRock Hospitality Trading Down 1.9%

Shares of DRH stock traded down $0.15 on Friday, hitting $7.57. The company had a trading volume of 2,650,246 shares, compared to its average volume of 2,638,403. The stock's 50-day moving average is $7.80 and its two-hundred day moving average is $7.89. DiamondRock Hospitality Company has a twelve month low of $6.18 and a twelve month high of $10.00. The firm has a market cap of $1.56 billion, a P/E ratio of 42.06, a P/E/G ratio of 4.44 and a beta of 1.41. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62.

DiamondRock Hospitality (NYSE:DRH - Get Free Report) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. DiamondRock Hospitality had a return on equity of 3.18% and a net margin of 4.57%. The business had revenue of $254.85 million during the quarter, compared to analysts' expectations of $256.47 million. During the same quarter last year, the firm posted $0.17 earnings per share. The firm's revenue was up .5% on a year-over-year basis. On average, equities research analysts anticipate that DiamondRock Hospitality Company will post 0.96 earnings per share for the current fiscal year.

DiamondRock Hospitality Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, July 11th. Investors of record on Tuesday, July 1st were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a yield of 420.0%. DiamondRock Hospitality's dividend payout ratio (DPR) is currently 177.78%.

Analyst Ratings Changes

A number of analysts recently commented on DRH shares. Wells Fargo & Company upgraded DiamondRock Hospitality from a "strong sell" rating to a "hold" rating and lifted their price objective for the stock from $7.75 to $8.25 in a research report on Tuesday, July 1st. Bank of America upgraded DiamondRock Hospitality from an "underperform" rating to a "buy" rating and set a $9.50 price objective for the company in a research report on Wednesday, April 30th. Evercore ISI lowered their price objective on DiamondRock Hospitality from $10.00 to $9.00 and set an "in-line" rating for the company in a research report on Monday, April 28th. Truist Financial reduced their target price on DiamondRock Hospitality from $10.00 to $9.00 and set a "hold" rating on the stock in a report on Friday, May 30th. Finally, Stifel Nicolaus raised their target price on DiamondRock Hospitality from $8.00 to $8.25 and gave the stock a "hold" rating in a report on Friday, May 2nd. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, DiamondRock Hospitality currently has an average rating of "Hold" and an average target price of $8.71.

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.