Man Group plc Has $1.61 Million Holdings in DiamondRock Hospitality (NYSE:DRH)

Man Group plc boosted its stake in DiamondRock Hospitality (NYSE:DRH - Free Report) by 256.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 178,566 shares of the real estate investment trust's stock after purchasing an additional 128,411 shares during the quarter. Man Group plc owned about 0.09% of DiamondRock Hospitality worth $1,612,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DRH. Barclays PLC increased its holdings in DiamondRock Hospitality by 37.6% in the third quarter. Barclays PLC now owns 368,616 shares of the real estate investment trust's stock valued at $3,219,000 after purchasing an additional 100,805 shares during the last quarter. KBC Group NV increased its holdings in DiamondRock Hospitality by 55.9% in the fourth quarter. KBC Group NV now owns 10,436 shares of the real estate investment trust's stock valued at $94,000 after purchasing an additional 3,744 shares during the last quarter. Vert Asset Management LLC increased its holdings in DiamondRock Hospitality by 2.1% in the fourth quarter. Vert Asset Management LLC now owns 82,570 shares of the real estate investment trust's stock valued at $746,000 after purchasing an additional 1,729 shares during the last quarter. abrdn plc increased its holdings in DiamondRock Hospitality by 53.5% in the fourth quarter. abrdn plc now owns 69,071 shares of the real estate investment trust's stock valued at $633,000 after purchasing an additional 24,070 shares during the last quarter. Finally, Choreo LLC increased its holdings in DiamondRock Hospitality by 55.1% in the fourth quarter. Choreo LLC now owns 15,553 shares of the real estate investment trust's stock valued at $142,000 after purchasing an additional 5,523 shares during the last quarter.

Analyst Ratings Changes

A number of research firms recently commented on DRH. Stifel Nicolaus upped their price objective on DiamondRock Hospitality from $8.00 to $8.25 and gave the company a "hold" rating in a report on Friday, May 2nd. Evercore ISI lowered their price target on DiamondRock Hospitality from $10.00 to $9.00 and set an "in-line" rating for the company in a report on Monday, April 28th. Wells Fargo & Company lowered their price target on DiamondRock Hospitality from $10.50 to $9.50 and set an "equal weight" rating for the company in a report on Tuesday, February 18th. Bank of America upgraded DiamondRock Hospitality from an "underperform" rating to a "buy" rating and set a $9.50 price target for the company in a report on Wednesday, April 30th. Finally, Morgan Stanley lowered their price target on DiamondRock Hospitality from $9.00 to $7.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, DiamondRock Hospitality presently has a consensus rating of "Hold" and a consensus price target of $9.04.

DiamondRock Hospitality Stock Down 0.5%

Shares of NYSE:DRH traded down $0.04 during mid-day trading on Thursday, reaching $7.59. 418,152 shares of the stock were exchanged, compared to its average volume of 2,441,599. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.66. The company has a market cap of $1.56 billion, a P/E ratio of 27.09, a P/E/G ratio of 2.06 and a beta of 1.33. DiamondRock Hospitality has a one year low of $6.18 and a one year high of $10.00. The stock's 50 day simple moving average is $7.38 and its 200-day simple moving average is $8.34.

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 during 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.17 EPS. As a group, equities research analysts predict that DiamondRock Hospitality will post 0.96 EPS for the current year.

DiamondRock Hospitality 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.