14,512 Shares in DiamondRock Hospitality (NYSE:DRH) Acquired by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. bought a new position in shares of DiamondRock Hospitality (NYSE:DRH) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,512 shares of the real estate investment trust’s stock, valued at approximately $131,000.

Other large investors have also recently added to or reduced their stakes in the company. FIL Ltd bought a new stake in DiamondRock Hospitality during the fourth quarter worth approximately $60,000. Smartleaf Asset Management LLC boosted its holdings in DiamondRock Hospitality by 278.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 9,769 shares of the real estate investment trust’s stock worth $89,000 after buying an additional 7,189 shares in the last quarter. Caxton Associates LP bought a new stake in DiamondRock Hospitality during the fourth quarter worth approximately $92,000. KBC Group NV boosted its holdings in DiamondRock Hospitality by 55.9% during the fourth quarter. KBC Group NV now owns 10,436 shares of the real estate investment trust’s stock worth $94,000 after buying an additional 3,744 shares in the last quarter. Finally, Dark Forest Capital Management LP acquired a new position in DiamondRock Hospitality in the 4th quarter worth approximately $117,000.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Stifel Nicolaus raised their price objective on shares of DiamondRock Hospitality from $8.00 to $8.25 and gave the stock a “hold” rating in a research note on Friday, May 2nd. Morgan Stanley decreased their price objective on shares of DiamondRock Hospitality from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. Wells Fargo & Company decreased their price objective on shares of DiamondRock Hospitality from $10.50 to $9.50 and set an “equal weight” rating for the company in a research note on Tuesday, February 18th. Evercore ISI decreased their price objective on shares of DiamondRock Hospitality from $10.00 to $9.00 and set an “in-line” rating for the company in a research note on Monday, April 28th. Finally, Bank of America raised shares of DiamondRock Hospitality from an “underperform” rating to a “buy” rating and set a $9.50 price objective for the company in a research note on Wednesday, April 30th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, DiamondRock Hospitality currently has a consensus rating of “Hold” and an average target price of $9.04.

DiamondRock Hospitality Stock Up 0.1%

DRH stock opened at $7.82 on Friday. DiamondRock Hospitality has a 12-month low of $6.19 and a 12-month high of $10.00. 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 company has a market cap of $1.61 billion, a price-to-earnings ratio of 27.93, a PEG ratio of 2.06 and a beta of 1.33. The company has a 50 day moving average of $7.44 and a two-hundred day moving average of $8.42.

DiamondRock Hospitality (NYSE:DRH) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. DiamondRock Hospitality had a net margin of 6.30% and a return on equity of 4.25%. The company had revenue of $254.85 million during the quarter, compared to the consensus estimate of $256.47 million. During the same quarter in the prior year, the firm earned $0.17 EPS. The company’s revenue was up .5% compared to the same quarter last year. On average, equities analysts anticipate that DiamondRock Hospitality will post 0.96 earnings per share for the current fiscal year.

DiamondRock Hospitality Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were given a $0.08 dividend. This is an increase from DiamondRock Hospitality’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.32 dividend on an annualized basis and a yield of 4.09%. DiamondRock Hospitality’s dividend payout ratio is presently 177.78%.

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.