DiamondRock Hospitality (NYSE:DRH) Stock Holdings Decreased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL decreased its stake in shares of DiamondRock Hospitality (NYSE:DRH) by 12.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 150,218 shares of the real estate investment trust’s stock after selling 21,270 shares during the period. Tudor Investment Corp ET AL owned about 0.07% of DiamondRock Hospitality worth $1,356,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of DRH. FIL Ltd bought a new position in DiamondRock Hospitality during the 4th quarter worth approximately $60,000. Smartleaf Asset Management LLC lifted its stake 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 purchasing an additional 7,189 shares during the last quarter. KBC Group NV boosted its holdings in 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 worth $94,000 after purchasing an additional 3,744 shares during the period. Dark Forest Capital Management LP bought a new stake in DiamondRock Hospitality during the fourth quarter valued at $117,000. Finally, Xponance Inc. raised 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 period.

DiamondRock Hospitality Trading Down 0.2 %

Shares of NYSE:DRH opened at $7.61 on Tuesday. The company has a 50 day moving average of $7.53 and a 200-day moving average of $8.48. 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 has a market cap of $1.59 billion, a P/E ratio of 27.16, a P/E/G ratio of 2.06 and a beta of 1.38. DiamondRock Hospitality has a twelve month low of $6.19 and a twelve month high of $10.00.

DiamondRock Hospitality (NYSE:DRH) last released its 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 return on equity of 4.25% and a net margin of 6.30%. The firm had revenue of $254.85 million during the quarter, compared to the consensus estimate of $256.47 million. During the same period in the prior year, the firm posted $0.17 earnings per share. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. As a group, analysts anticipate that DiamondRock Hospitality will post 0.96 earnings per share for the current fiscal year.

DiamondRock Hospitality Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a dividend of $0.08 per share. This is a positive change from DiamondRock Hospitality’s previous quarterly dividend of $0.03. This represents a $0.32 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date of this dividend was Friday, March 28th. DiamondRock Hospitality’s payout ratio is presently 188.24%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DRH. Wells Fargo & Company lowered 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 report on Tuesday, February 18th. Bank of America raised DiamondRock Hospitality from an “underperform” rating to a “buy” rating and set a $9.50 target price for the company in a report on Wednesday, April 30th. Stifel Nicolaus raised their price target on DiamondRock Hospitality from $8.00 to $8.25 and gave the stock a “hold” rating in a report on Friday. Morgan Stanley lowered their price objective on 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. Finally, Evercore ISI cut their target price on DiamondRock Hospitality from $10.00 to $9.00 and set an “in-line” rating on the stock in a research note on Monday, April 28th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target 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.