Yousif Capital Management LLC Has $822,000 Position in DiamondRock Hospitality (NYSE:DRH)

Yousif Capital Management LLC increased its position in shares of DiamondRock Hospitality (NYSE:DRH) by 8.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 87,494 shares of the real estate investment trust’s stock after buying an additional 6,566 shares during the period. Yousif Capital Management LLC’s holdings in DiamondRock Hospitality were worth $822,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wolverine Asset Management LLC bought a new stake in DiamondRock Hospitality during the 4th quarter worth about $516,000. New York State Common Retirement Fund raised its holdings in DiamondRock Hospitality by 4.3% during the fourth quarter. New York State Common Retirement Fund now owns 129,727 shares of the real estate investment trust’s stock worth $1,218,000 after acquiring an additional 5,348 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in DiamondRock Hospitality during the fourth quarter valued at approximately $985,000. Custom Index Systems LLC bought a new position in DiamondRock Hospitality in the fourth quarter valued at approximately $258,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of DiamondRock Hospitality by 6.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 99,903 shares of the real estate investment trust’s stock worth $938,000 after purchasing an additional 6,396 shares during the last quarter.

DiamondRock Hospitality Price Performance

NYSE:DRH opened at $8.83 on Friday. The firm’s fifty day moving average price is $9.32 and its two-hundred day moving average price is $9.01. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.00 and a quick ratio of 2.00. The company has a market cap of $1.86 billion, a P/E ratio of 24.53 and a beta of 1.61. DiamondRock Hospitality has a one year low of $7.33 and a one year high of $9.99.

DiamondRock Hospitality (NYSE:DRH) last announced its quarterly earnings results on Friday, February 23rd. The real estate investment trust reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.14). The company had revenue of $263.50 million during the quarter, compared to analyst estimates of $261.45 million. DiamondRock Hospitality had a net margin of 7.86% and a return on equity of 5.20%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company posted $0.23 EPS. Equities analysts expect that DiamondRock Hospitality will post 0.96 earnings per share for the current year.

DiamondRock Hospitality Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a dividend of $0.03 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.12 annualized dividend and a yield of 1.36%. DiamondRock Hospitality’s payout ratio is currently 33.33%.

Analyst Upgrades and Downgrades

DRH has been the subject of several analyst reports. Stifel Nicolaus raised their target price on shares of DiamondRock Hospitality from $10.00 to $10.50 and gave the company a “buy” rating in a research note on Friday, February 23rd. StockNews.com raised shares of DiamondRock Hospitality from a “sell” rating to a “hold” rating in a research report on Friday. Truist Financial upped their target price on shares of DiamondRock Hospitality from $10.00 to $11.00 and gave the company a “hold” rating in a report on Thursday, March 14th. Finally, Wolfe Research started coverage on DiamondRock Hospitality in a report on Wednesday, January 10th. They set an “outperform” rating and a $11.00 price target for the company. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $10.30.

DiamondRock Hospitality Company 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.