Voloridge Investment Management LLC purchased a new position in DiamondRock Hospitality (NYSE:DRH - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 66,860 shares of the real estate investment trust's stock, valued at approximately $604,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. State of Wyoming bought a new stake in shares of DiamondRock Hospitality in the 4th quarter valued at about $54,000. FIL Ltd purchased a new position in DiamondRock Hospitality during the fourth quarter worth about $60,000. Smartleaf Asset Management LLC boosted its position in DiamondRock Hospitality by 278.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 9,769 shares of the real estate investment trust's stock worth $89,000 after purchasing an additional 7,189 shares during the last quarter. Caxton Associates LP bought a new position in DiamondRock Hospitality during the fourth quarter valued at about $92,000. Finally, KBC Group NV grew its position in shares of DiamondRock Hospitality by 55.9% during the 4th quarter. KBC Group NV now owns 10,436 shares of the real estate investment trust's stock valued at $94,000 after acquiring an additional 3,744 shares during the period.
DiamondRock Hospitality Trading Up 1.2%
Shares of DRH traded up $0.09 during mid-day trading on Tuesday, reaching $7.67. The stock had a trading volume of 327,170 shares, compared to its average volume of 2,207,082. DiamondRock Hospitality has a 52-week low of $6.19 and a 52-week high of $10.00. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.73 and a quick ratio of 1.73. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 27.39, a P/E/G ratio of 2.06 and a beta of 1.33. The business's fifty day moving average is $7.37 and its 200 day moving average is $8.30.
DiamondRock Hospitality (NYSE:DRH - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.02. The company had revenue of $254.85 million for the quarter, compared to the consensus estimate of $256.47 million. DiamondRock Hospitality had a net margin of 6.30% and a return on equity of 4.25%. The company's quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.17 EPS. On average, sell-side analysts predict that DiamondRock Hospitality will post 0.96 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on DRH shares. Stifel Nicolaus upped their price target on DiamondRock Hospitality from $8.00 to $8.25 and gave the company a "hold" rating in a research report on Friday, May 2nd. Evercore ISI cut their price target on shares of DiamondRock Hospitality from $10.00 to $9.00 and set an "in-line" rating on the stock in a report on Monday, April 28th. Wells Fargo & Company decreased their price target on shares of DiamondRock Hospitality from $10.50 to $9.50 and set an "equal weight" rating for the company in a research note on Tuesday, February 18th. Morgan Stanley dropped their target price on shares of DiamondRock Hospitality from $9.00 to $7.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Finally, Truist Financial lowered their price objective on DiamondRock Hospitality from $10.00 to $9.00 and set a "hold" rating for the company in a research note on Friday. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $8.89.
View Our Latest Stock Analysis on DRH
DiamondRock Hospitality Company Profile
(
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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