59,122 Shares in DiamondRock Hospitality Company (NYSE:DRH) Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new position in DiamondRock Hospitality Company (NYSE:DRH - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 59,122 shares of the real estate investment trust's stock, valued at approximately $456,000.

Other institutional investors have also recently bought and sold shares of the company. Nissay Asset Management Corp Japan ADV increased its stake in shares of DiamondRock Hospitality by 4.0% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 31,738 shares of the real estate investment trust's stock valued at $292,000 after buying an additional 1,216 shares during the period. Ancora Advisors LLC boosted its holdings in DiamondRock Hospitality by 0.9% in the fourth quarter. Ancora Advisors LLC now owns 164,150 shares of the real estate investment trust's stock valued at $1,482,000 after acquiring an additional 1,490 shares during the last quarter. Illinois Municipal Retirement Fund increased its position in DiamondRock Hospitality by 1.8% in the first quarter. Illinois Municipal Retirement Fund now owns 107,860 shares of the real estate investment trust's stock worth $833,000 after purchasing an additional 1,873 shares during the period. Versant Capital Management Inc raised its holdings in DiamondRock Hospitality by 156.3% during the 1st quarter. Versant Capital Management Inc now owns 3,699 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 2,256 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in DiamondRock Hospitality by 26.4% during the 1st quarter. Harbor Capital Advisors Inc. now owns 11,941 shares of the real estate investment trust's stock valued at $92,000 after purchasing an additional 2,492 shares during the period.

DiamondRock Hospitality Trading Down 1.2%

DiamondRock Hospitality stock traded down $0.09 during mid-day trading on Friday, hitting $7.60. 3,947,355 shares of the company's stock were exchanged, compared to its average volume of 2,862,219. The company's 50 day simple moving average is $7.81 and its 200-day simple moving average is $7.83. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $1.57 billion, a P/E ratio of 29.23, a PEG ratio of 4.36 and a beta of 1.41. DiamondRock Hospitality Company has a fifty-two week low of $6.18 and a fifty-two week high of $10.00.

DiamondRock Hospitality (NYSE:DRH - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.02. DiamondRock Hospitality had a return on equity of 4.22% and a net margin of 6.04%. The company had revenue of $305.70 million during the quarter, compared to the consensus estimate of $303.70 million. During the same period in the prior year, the company earned $0.34 earnings per share. The company's revenue for the quarter was down 1.2% compared to the same quarter last year. On average, equities analysts anticipate that DiamondRock Hospitality Company will post 0.96 earnings per share for the current year.

DiamondRock Hospitality Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, July 11th. Shareholders of record on Tuesday, July 1st were paid a $0.08 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a yield of 420.0%. DiamondRock Hospitality's payout ratio is presently 177.78%.

Analyst Ratings Changes

DRH has been the subject of several analyst reports. Bank of America upgraded shares of DiamondRock Hospitality from an "underperform" rating to a "buy" rating and set a $9.50 price target for the company in a research report on Wednesday, April 30th. Wells Fargo & Company raised DiamondRock Hospitality from a "strong sell" rating to a "hold" rating and increased their price target for the company from $7.75 to $8.25 in a research note on Tuesday, July 1st. Truist Financial reduced their price target on DiamondRock Hospitality from $10.00 to $9.00 and set a "hold" rating on the stock in a research report on Friday, May 30th. Evercore ISI dropped their price objective 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. Finally, Stifel Nicolaus increased their target price on DiamondRock Hospitality from $8.00 to $8.25 and gave the company a "hold" rating in a research note on Friday, May 2nd. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $8.50.

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.