QS Investors LLC trimmed its holdings in DiamondRock Hospitality (NYSE:DRH) by 3.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 537,612 shares of the real estate investment trust’s stock after selling 18,722 shares during the quarter. QS Investors LLC owned about 0.27% of DiamondRock Hospitality worth $6,070,000 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 the business. Public Employees Retirement System of Ohio lifted its stake in DiamondRock Hospitality by 1.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 269,827 shares of the real estate investment trust’s stock worth $2,955,000 after purchasing an additional 4,887 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of DiamondRock Hospitality by 6.2% during the 4th quarter. Louisiana State Employees Retirement System now owns 86,200 shares of the real estate investment trust’s stock valued at $973,000 after buying an additional 5,000 shares during the period. Foundry Partners LLC raised its position in shares of DiamondRock Hospitality by 21.0% during the 4th quarter. Foundry Partners LLC now owns 30,760 shares of the real estate investment trust’s stock valued at $347,000 after buying an additional 5,340 shares during the period. GSA Capital Partners LLP raised its position in shares of DiamondRock Hospitality by 32.7% during the 3rd quarter. GSA Capital Partners LLP now owns 21,821 shares of the real estate investment trust’s stock valued at $239,000 after buying an additional 5,379 shares during the period. Finally, Swiss National Bank raised its position in shares of DiamondRock Hospitality by 2.2% during the 4th quarter. Swiss National Bank now owns 337,600 shares of the real estate investment trust’s stock valued at $3,812,000 after buying an additional 7,200 shares during the period.
Several research firms have recently commented on DRH. TheStreet raised shares of DiamondRock Hospitality from a “c+” rating to a “b-” rating in a research report on Friday, December 29th. Morgan Stanley reduced their price target on shares of DiamondRock Hospitality from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 28th. Boenning Scattergood reaffirmed a “hold” rating on shares of DiamondRock Hospitality in a research report on Wednesday, February 28th. Zacks Investment Research lowered shares of DiamondRock Hospitality from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Finally, Evercore ISI raised shares of DiamondRock Hospitality from an “in-line” rating to an “outperform” rating in a research report on Monday, December 4th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $11.78.
DiamondRock Hospitality (NYSE:DRH) last announced its earnings results on Monday, February 26th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.24 earnings per share. equities research analysts expect that DiamondRock Hospitality will post 1 EPS for the current year.
In other news, insider Mark W. Brugger bought 10,000 shares of the business’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by insiders.
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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