Jane Street Group LLC Has $2.13 Million Stock Holdings in DiamondRock Hospitality (NYSE:DRH)

Jane Street Group LLC cut its holdings in DiamondRock Hospitality (NYSE:DRH) by 22.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 235,387 shares of the real estate investment trust’s stock after selling 67,370 shares during the quarter. Jane Street Group LLC owned about 0.11% of DiamondRock Hospitality worth $2,126,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. FIL Ltd bought a new position in shares of DiamondRock Hospitality in the fourth quarter valued at approximately $60,000. Smartleaf Asset Management LLC raised its position in shares of DiamondRock Hospitality by 278.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 9,769 shares of the real estate investment trust’s stock valued at $89,000 after purchasing an additional 7,189 shares during the period. KBC Group NV raised its position 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 valued at $94,000 after purchasing an additional 3,744 shares during the period. Dark Forest Capital Management LP bought a new position in shares of DiamondRock Hospitality in the fourth quarter valued at approximately $117,000. Finally, Xponance Inc. raised its position in shares of DiamondRock Hospitality by 9.9% in the fourth quarter. Xponance Inc. now owns 15,098 shares of the real estate investment trust’s stock valued at $136,000 after purchasing an additional 1,360 shares during the period.

DiamondRock Hospitality Trading Up 0.1%

Shares of DRH stock opened at $7.82 on Friday. DiamondRock Hospitality has a 1 year low of $6.19 and a 1 year high of $10.00. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.66. The firm’s fifty day simple moving average is $7.44 and its 200 day simple moving average is $8.42. The firm has a market capitalization of $1.61 billion, a P/E ratio of 27.93, a price-to-earnings-growth ratio of 2.06 and a beta of 1.33.

DiamondRock Hospitality (NYSE:DRH) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.19 earnings per share 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 firm had revenue of $254.85 million for the quarter, compared to the consensus estimate of $256.47 million. During the same quarter in the previous year, the company earned $0.17 earnings per share. The business’s revenue was up .5% compared to the same quarter last year. As a group, sell-side analysts predict that DiamondRock Hospitality will post 0.96 EPS for the current year.

DiamondRock Hospitality Increases Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently commented on DRH shares. Evercore ISI dropped their price target on shares of DiamondRock Hospitality from $10.00 to $9.00 and set an “in-line” rating on the stock in a research report on Monday, April 28th. Wells Fargo & Company dropped 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. Bank of America raised shares of DiamondRock Hospitality from an “underperform” rating to a “buy” rating and set a $9.50 price target on the stock in a research report on Wednesday, April 30th. Morgan Stanley dropped their target price on shares of DiamondRock Hospitality from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 22nd. Finally, Stifel Nicolaus boosted their target price on shares of DiamondRock Hospitality from $8.00 to $8.25 and gave the stock a “hold” rating in a research report on Friday, May 2nd. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $9.04.

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.