2 weeks Ago By ABMN Staff
Federated Hermes Inc. boosted its position in DiamondRock Hospitality ( NYSE:DRH – Free Report ) by 1,187.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
The fund owned 18,432 shares of the real estate investment trust’s stock after buying an additional 17,000 shares during the quarter. Federated Hermes Inc.’s holdings in DiamondRock Hospitality were worth $166,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of DRH. Jane Street Group LLC increased its stake in shares of DiamondRock Hospitality by 73.0% in the third quarter.
Jane Street Group LLC now owns 302,757 shares of the real estate investment trust’s stock worth $2,643,000 after purchasing an additional 127,717 shares during the period. Barclays PLC lifted its holdings in shares of DiamondRock Hospitality by 37.6% during the third quarter.
Barclays PLC now owns 368,616 shares of the real estate investment trust’s stock worth $3,219,000 after buying an additional 100,805 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of DiamondRock Hospitality by 0.5% in the third quarter.
Geode Capital Management LLC now owns 5,350,283 shares of the real estate investment trust’s stock valued at $46,716,000 after acquiring an additional 28,391 shares during the period. KBC Group NV grew its stake in shares of 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 worth $94,000 after acquiring an additional 3,744 shares during the last quarter. Finally, Vert Asset Management LLC increased its position in DiamondRock Hospitality by 2.1% during the fourth quarter.
Vert Asset Management LLC now owns 82,570 shares of the real estate investment trust’s stock worth $746,000 after acquiring an additional 1,729 shares during the period. Analyst Ratings Changes Several research firms have issued reports on DRH. Wells Fargo & Company decreased their price target on shares of DiamondRock Hospitality from $10.
50 to $9.50 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Stifel Nicolaus reduced their price objective on DiamondRock Hospitality from $9.
75 to $8.00 and set a “hold” rating for the company in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock.
According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $9.60.
DiamondRock Hospitality Stock Performance NYSE:DRH opened at $6.97 on Friday. 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 firm has a 50-day moving average price of $7.80 and a 200 day moving average price of $8.61.
The firm has a market capitalization of $1.45 billion, a PE ratio of 24.88, a price-to-earnings-growth ratio of 2.
06 and a beta of 1.38. DiamondRock Hospitality has a 12-month low of $6.
19 and a 12-month high of $10.00. DiamondRock Hospitality Increases Dividend The business also recently announced a quarterly dividend, which was paid on Friday, April 11th.
Investors of record on Friday, March 28th were given a dividend of $0.08 per share. This represents a $0.
32 annualized dividend and a dividend yield of 4.59%. The ex-dividend date was Friday, March 28th.
This is an increase from DiamondRock Hospitality’s previous quarterly dividend of $0.03. DiamondRock Hospitality’s dividend payout ratio (DPR) is 188.
24%. About DiamondRock Hospitality ( 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. Featured Articles Want to see what other hedge funds are holding DRH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DiamondRock Hospitality ( NYSE:DRH – Free Report ).
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