Strs Ohio Decreases Stock Holdings in DiamondRock Hospitality (NYSE:DRH)

Strs Ohio decreased its holdings in shares of DiamondRock Hospitality (NYSE:DRHGet Rating) by 20.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 216,465 shares of the real estate investment trust’s stock after selling 56,675 shares during the quarter. Strs Ohio owned about 0.10% of DiamondRock Hospitality worth $1,625,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Harbor Investment Advisory LLC increased its position in DiamondRock Hospitality by 52.8% during the second quarter. Harbor Investment Advisory LLC now owns 4,829 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 1,669 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in DiamondRock Hospitality by 3.5% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 258,250 shares of the real estate investment trust’s stock valued at $1,939,000 after acquiring an additional 8,769 shares during the last quarter. US Bancorp DE increased its position in DiamondRock Hospitality by 1,465.0% during the second quarter. US Bancorp DE now owns 7,778 shares of the real estate investment trust’s stock valued at $64,000 after acquiring an additional 7,281 shares during the last quarter. Inspire Investing LLC grew its holdings in shares of DiamondRock Hospitality by 11.5% in the second quarter. Inspire Investing LLC now owns 25,705 shares of the real estate investment trust’s stock worth $211,000 after purchasing an additional 2,649 shares during the last quarter. Finally, M&T Bank Corp grew its holdings in shares of DiamondRock Hospitality by 10.8% in the second quarter. M&T Bank Corp now owns 22,480 shares of the real estate investment trust’s stock worth $184,000 after purchasing an additional 2,189 shares during the last quarter.

Analyst Ratings Changes

DRH has been the topic of a number of research analyst reports. Evercore ISI upgraded shares of DiamondRock Hospitality from an “in-line” rating to an “outperform” rating in a report on Tuesday, October 18th. Morgan Stanley started coverage on shares of DiamondRock Hospitality in a report on Monday, December 5th. They issued an “equal weight” rating and a $10.00 price target on the stock. Compass Point dropped their target price on shares of DiamondRock Hospitality to $11.00 in a report on Tuesday, November 15th. Finally, StockNews.com started coverage on shares of DiamondRock Hospitality in a report on Wednesday, October 12th. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $10.60.

DiamondRock Hospitality Stock Performance

DRH stock opened at $8.51 on Thursday. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 23.64 and a beta of 1.63. The firm has a 50-day simple moving average of $8.67 and a two-hundred day simple moving average of $8.70. DiamondRock Hospitality has a one year low of $7.18 and a one year high of $11.15. The company has a debt-to-equity ratio of 0.85, a quick ratio of 3.29 and a current ratio of 3.29.

DiamondRock Hospitality Dividend Announcement

The company also recently declared a None dividend, which will be paid on Thursday, January 12th. Shareholders of record on Friday, December 30th will be given a dividend of $0.06 per share. This represents a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, December 29th. DiamondRock Hospitality’s payout ratio is 33.33%.

DiamondRock Hospitality Profile

(Get Rating)

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 top gateway markets and destination resort locations. The Company owns 31 premium quality hotels with over 10,000 rooms. The Company has strategically positioned its hotels to be operated both under leading global brand families as well as unique boutique hotels in the lifestyle segment.

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Institutional Ownership by Quarter for DiamondRock Hospitality (NYSE:DRH)

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