DiamondRock Hospitality (NYSE:DRH) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its holdings in DiamondRock Hospitality (NYSE:DRH) by 26.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,941 shares of the real estate investment trust’s stock after buying an additional 2,492 shares during the period. Harbor Capital Advisors Inc.’s holdings in DiamondRock Hospitality were worth $92,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DRH. Nissay Asset Management Corp Japan ADV grew its holdings in shares of DiamondRock Hospitality by 4.0% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 31,738 shares of the real estate investment trust’s stock worth $292,000 after purchasing an additional 1,216 shares during the last quarter. Xponance Inc. grew its holdings in shares of DiamondRock Hospitality by 9.9% during the fourth quarter. Xponance Inc. now owns 15,098 shares of the real estate investment trust’s stock worth $136,000 after purchasing an additional 1,360 shares during the last quarter. Ancora Advisors LLC grew its holdings in shares of DiamondRock Hospitality by 0.9% during the fourth quarter. Ancora Advisors LLC now owns 164,150 shares of the real estate investment trust’s stock worth $1,482,000 after purchasing an additional 1,490 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of DiamondRock Hospitality by 156.3% during the first quarter. Versant Capital Management Inc now owns 3,699 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 2,256 shares during the last quarter. Finally, Metis Global Partners LLC grew its holdings in shares of DiamondRock Hospitality by 11.4% during the fourth quarter. Metis Global Partners LLC now owns 23,773 shares of the real estate investment trust’s stock worth $215,000 after purchasing an additional 2,427 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on DRH shares. Morgan Stanley dropped their price objective on DiamondRock Hospitality from $9.00 to $7.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company dropped their price objective on DiamondRock Hospitality from $10.50 to $9.50 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. Evercore ISI dropped their price objective on DiamondRock Hospitality from $10.00 to $9.00 and set an “in-line” rating on the stock in a report on Monday, April 28th. Stifel Nicolaus raised their price objective on DiamondRock Hospitality from $8.00 to $8.25 and gave the stock a “hold” rating in a report on Friday, May 2nd. Finally, Bank of America raised DiamondRock Hospitality from an “underperform” rating to a “buy” rating and set a $9.50 price objective on the stock in a report on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $8.89.

DiamondRock Hospitality Stock Performance

NYSE DRH opened at $7.48 on Monday. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.66. DiamondRock Hospitality has a 52-week low of $6.19 and a 52-week high of $10.00. The business’s 50-day moving average price is $7.42 and its 200 day moving average price is $8.21. The firm has a market cap of $1.54 billion, a P/E ratio of 26.71, a P/E/G ratio of 2.06 and a beta of 1.34.

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

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.