FMR LLC increased its stake in Diamondrock Hospitality Company (NYSE:DRH) by 0.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,923,294 shares of the real estate investment trust’s stock after buying an additional 43,753 shares during the period. FMR LLC owned about 10.45% of Diamondrock Hospitality Company worth $233,295,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. CAMG Solamere Management LLC acquired a new position in shares of Diamondrock Hospitality Company during the fourth quarter worth approximately $122,000. Meadow Creek Investment Management LLC raised its position in shares of Diamondrock Hospitality Company by 6.3% in the first quarter. Meadow Creek Investment Management LLC now owns 10,892 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 644 shares during the period. Ronald Blue & Co. LLC raised its position in shares of Diamondrock Hospitality Company by 4.6% in the first quarter. Ronald Blue & Co. LLC now owns 11,087 shares of the real estate investment trust’s stock worth $124,000 after buying an additional 483 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Diamondrock Hospitality Company by 217.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,950 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 7,500 shares during the period. Finally, OLD National Bancorp IN acquired a new position in shares of Diamondrock Hospitality Company during the first quarter worth approximately $142,000.

Shares of Diamondrock Hospitality Company (NYSE DRH) traded up 1.64% during mid-day trading on Friday, hitting $11.75. The stock had a trading volume of 2,038,118 shares. Diamondrock Hospitality Company has a 52 week low of $8.73 and a 52 week high of $12.00. The stock has a 50 day moving average price of $11.25 and a 200 day moving average price of $11.22. The firm has a market cap of $2.35 billion, a PE ratio of 22.17 and a beta of 1.37.

Diamondrock Hospitality Company (NYSE:DRH) last released its earnings results on Friday, May 5th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.01. Diamondrock Hospitality Company had a net margin of 12.15% and a return on equity of 5.83%. The firm had revenue of $196.21 million during the quarter, compared to analyst estimates of $192.85 million. During the same period last year, the business earned $0.21 earnings per share. The business’s revenue was down 7.9% on a year-over-year basis. Equities research analysts expect that Diamondrock Hospitality Company will post $0.49 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 12th. Stockholders of record on Friday, June 30th were issued a dividend of $0.125 per share. The ex-dividend date was Wednesday, June 28th. This represents a $0.50 annualized dividend and a dividend yield of 4.26%. Diamondrock Hospitality Company’s payout ratio is 94.34%.

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A number of research firms have recently issued reports on DRH. BidaskClub upgraded Diamondrock Hospitality Company from a “hold” rating to a “buy” rating in a research report on Wednesday, June 14th. UBS AG upgraded Diamondrock Hospitality Company from a “market perform” rating to an “outperform” rating in a research report on Friday. Raymond James Financial, Inc. upgraded Diamondrock Hospitality Company from a “market perform” rating to an “outperform” rating and set a $13.00 price objective on the stock in a research report on Friday. Zacks Investment Research cut Diamondrock Hospitality Company from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, Canaccord Genuity restated a “buy” rating and set a $13.00 price objective on shares of Diamondrock Hospitality Company in a research report on Friday, May 5th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. Diamondrock Hospitality Company has a consensus rating of “Hold” and a consensus target price of $11.43.

About Diamondrock Hospitality Company

DiamondRock Hospitality Company is a real estate investment trust (REIT). As of December 31, 2016, the Company owned a portfolio of 26 hotels and resorts that contains 9,472 guest rooms located in 17 different markets in North America and the United States Virgin Islands. Its business is to acquire, own, asset manage and renovate hotel properties in the United States.

Institutional Ownership by Quarter for Diamondrock Hospitality Company (NYSE:DRH)

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