Axa cut its holdings in Diamondrock Hospitality Company (NYSE:DRH) by 0.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 418,784 shares of the real estate investment trust’s stock after selling 1,600 shares during the quarter. Axa owned 0.21% of Diamondrock Hospitality worth $4,585,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. World Asset Management Inc increased its position in shares of Diamondrock Hospitality by 0.9% in the first quarter. World Asset Management Inc now owns 12,765 shares of the real estate investment trust’s stock valued at $142,000 after buying an additional 108 shares in the last quarter. Ronald Blue & Co. LLC increased its position in shares of Diamondrock Hospitality by 1.0% in the second quarter. Ronald Blue & Co. LLC now owns 11,203 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 116 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of Diamondrock Hospitality by 0.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 54,800 shares of the real estate investment trust’s stock valued at $600,000 after buying an additional 320 shares in the last quarter. Meadow Creek Investment Management LLC increased its position in shares of Diamondrock Hospitality 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 valued at $122,000 after buying an additional 644 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Diamondrock Hospitality by 5.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,706 shares of the real estate investment trust’s stock valued at $153,000 after buying an additional 741 shares in the last quarter.

In other Diamondrock Hospitality news, Director Maureen L. Mcavey sold 6,000 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $11.20, for a total transaction of $67,200.00. Following the completion of the transaction, the director now owns 81,030 shares of the company’s stock, valued at $907,536. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

Shares of Diamondrock Hospitality Company (NYSE DRH) opened at 10.90 on Friday. The firm has a 50-day moving average price of $11.01 and a 200 day moving average price of $11.14. The stock has a market capitalization of $2.18 billion, a PE ratio of 22.06 and a beta of 1.39. Diamondrock Hospitality Company has a one year low of $8.73 and a one year high of $12.08.

Diamondrock Hospitality (NYSE:DRH) last released its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. The company had revenue of $243.30 million during the quarter, compared to the consensus estimate of $240.73 million. Diamondrock Hospitality had a return on equity of 5.41% and a net margin of 11.47%. Diamondrock Hospitality’s revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 earnings per share. On average, equities analysts expect that Diamondrock Hospitality Company will post $0.46 EPS for the current fiscal year.

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DRH has been the subject of several research reports. Stifel Nicolaus reiterated a “buy” rating on shares of Diamondrock Hospitality in a research report on Thursday, August 10th. Robert W. Baird set a $12.00 price target on Diamondrock Hospitality and gave the stock a “buy” rating in a research report on Sunday, September 10th. Zacks Investment Research cut Diamondrock Hospitality from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. UBS AG upgraded Diamondrock Hospitality from a “market perform” rating to an “outperform” rating in a research report on Friday, July 14th. Finally, BidaskClub upgraded Diamondrock Hospitality from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $11.60.

Diamondrock Hospitality Profile

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 (NYSE:DRH)

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