Axa increased its position in shares of DiamondRock Hospitality (NYSE:DRH) by 36.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 692,551 shares of the real estate investment trust’s stock after purchasing an additional 185,550 shares during the quarter. Axa owned approximately 0.35% of DiamondRock Hospitality worth $7,819,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of DiamondRock Hospitality by 2.8% during the fourth quarter. BlackRock Inc. now owns 34,554,124 shares of the real estate investment trust’s stock worth $390,116,000 after purchasing an additional 930,189 shares in the last quarter. Resolution Capital Ltd increased its position in shares of DiamondRock Hospitality by 16.1% during the fourth quarter. Resolution Capital Ltd now owns 8,397,378 shares of the real estate investment trust’s stock worth $94,806,000 after purchasing an additional 1,164,594 shares in the last quarter. Prudential Financial Inc. increased its position in shares of DiamondRock Hospitality by 3.5% during the third quarter. Prudential Financial Inc. now owns 6,010,323 shares of the real estate investment trust’s stock worth $65,813,000 after purchasing an additional 200,537 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of DiamondRock Hospitality by 19.2% during the third quarter. JPMorgan Chase & Co. now owns 3,340,041 shares of the real estate investment trust’s stock worth $36,640,000 after purchasing an additional 538,429 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of DiamondRock Hospitality by 10.6% during the fourth quarter. Victory Capital Management Inc. now owns 3,306,571 shares of the real estate investment trust’s stock worth $37,331,000 after purchasing an additional 316,999 shares in the last quarter.
In related news, insider Mark W. Brugger acquired 10,000 shares of the stock in a transaction on Friday, March 2nd. The shares were bought at an average price of $9.98 per share, with a total value of $99,800.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.
DiamondRock Hospitality (NYSE:DRH) opened at $10.60 on Wednesday. The firm has a market capitalization of $2,143.75, a price-to-earnings ratio of 23.56, a price-to-earnings-growth ratio of 2.13 and a beta of 1.42. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.35 and a current ratio of 2.35. DiamondRock Hospitality has a 12 month low of $9.87 and a 12 month high of $12.11.
DiamondRock Hospitality (NYSE:DRH) last released its quarterly earnings data on Monday, February 26th. The real estate investment trust reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. The company had revenue of $207.04 million for the quarter, compared to analyst estimates of $206.36 million. DiamondRock Hospitality had a return on equity of 5.02% and a net margin of 10.56%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 earnings per share. equities analysts forecast that DiamondRock Hospitality will post 1 EPS for the current fiscal year.
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About DiamondRock Hospitality
DiamondRock Hospitality Company is a real estate investment trust (REIT). As of December 31, 2016, the Company owned a portfolio of 26 hotels and resorts that contains 9,472 guest rooms located in 17 different markets in North America and the United States Virgin Islands. Its business is to acquire, own, asset manage and renovate hotel properties in the United States.
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