Susquehanna International Group LLP raised its stake in Diamondrock Hospitality Company (NYSE:DRH) by 420.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 243,105 shares of the real estate investment trust’s stock after acquiring an additional 196,405 shares during the quarter. Susquehanna International Group LLP owned approximately 0.12% of Diamondrock Hospitality worth $2,662,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in DRH. Wells Fargo & Company MN increased its position in shares of Diamondrock Hospitality by 47.4% in the first quarter. Wells Fargo & Company MN now owns 250,880 shares of the real estate investment trust’s stock valued at $2,798,000 after buying an additional 80,723 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Diamondrock Hospitality by 24.1% in the first quarter. UBS Asset Management Americas Inc. now owns 802,753 shares of the real estate investment trust’s stock valued at $8,951,000 after buying an additional 155,653 shares in the last quarter. Karp Capital Management Corp purchased a new stake in shares of Diamondrock Hospitality in the first quarter valued at approximately $738,000. Ameriprise Financial Inc. increased its position in shares of Diamondrock Hospitality by 10.3% in the first quarter. Ameriprise Financial Inc. now owns 1,117,533 shares of the real estate investment trust’s stock valued at $12,463,000 after buying an additional 103,934 shares in the last quarter. Finally, Oxford Asset Management purchased a new stake in shares of Diamondrock Hospitality in the first quarter valued at approximately $383,000.
In other Diamondrock Hospitality news, Director Maureen L. Mcavey sold 6,000 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $11.20, for a total transaction of $67,200.00. Following the completion of the transaction, the director now owns 81,030 shares of the company’s stock, valued at $907,536. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company’s stock.
Shares of Diamondrock Hospitality Company (DRH) traded down 0.136% during mid-day trading on Wednesday, hitting $11.005. The company had a trading volume of 615,759 shares. Diamondrock Hospitality Company has a 12 month low of $8.73 and a 12 month high of $12.08. The firm has a 50-day moving average price of $10.83 and a 200 day moving average price of $11.14. The firm has a market capitalization of $2.20 billion, a P/E ratio of 22.010 and a beta of 1.39.
Diamondrock Hospitality (NYSE:DRH) last issued its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.01. The firm had revenue of $243.30 million during the quarter, compared to analysts’ expectations of $240.73 million. Diamondrock Hospitality had a return on equity of 5.41% and a net margin of 11.47%. Diamondrock Hospitality’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.31 earnings per share. On average, equities research analysts forecast that Diamondrock Hospitality Company will post $0.46 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be issued a dividend of $0.125 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.50 annualized dividend and a yield of 4.54%. Diamondrock Hospitality’s dividend payout ratio is presently 102.04%.
DRH has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Diamondrock Hospitality from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Monday, July 10th. Robert W. Baird set a $12.00 price objective on Diamondrock Hospitality and gave the company a “buy” rating in a research report on Sunday, September 10th. BidaskClub cut Diamondrock Hospitality from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. Stifel Nicolaus restated a “buy” rating and issued a $12.00 price objective on shares of Diamondrock Hospitality in a research report on Thursday, September 21st. Finally, Canaccord Genuity restated a “buy” rating and issued a $13.00 price objective on shares of Diamondrock Hospitality in a research report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $12.09.
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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