Hancock Holding Co. held its position in Diamondrock Hospitality Company (NYSE:DRH) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,930 shares of the real estate investment trust’s stock at the end of the 2nd quarter. Hancock Holding Co.’s holdings in Diamondrock Hospitality were worth $131,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Parametric Portfolio Associates LLC grew its holdings in shares of Diamondrock Hospitality by 7.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 872,378 shares of the real estate investment trust’s stock worth $9,553,000 after purchasing an additional 64,228 shares during the period. FMR LLC increased its position in shares of Diamondrock Hospitality by 2.2% during the 2nd quarter. FMR LLC now owns 21,377,145 shares of the real estate investment trust’s stock worth $234,080,000 after purchasing an additional 453,851 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Diamondrock Hospitality by 5.1% during the 2nd quarter. Vanguard Group Inc. now owns 34,866,908 shares of the real estate investment trust’s stock worth $381,793,000 after purchasing an additional 1,694,293 shares during the last quarter. Northern Trust Corp increased its position in shares of Diamondrock Hospitality by 7.6% during the 2nd quarter. Northern Trust Corp now owns 6,654,235 shares of the real estate investment trust’s stock worth $72,864,000 after purchasing an additional 472,117 shares during the last quarter. Finally, Citigroup Inc. increased its position in shares of Diamondrock Hospitality by 6.5% during the 2nd quarter. Citigroup Inc. now owns 715,913 shares of the real estate investment trust’s stock worth $7,839,000 after purchasing an additional 43,905 shares during the last quarter.

Diamondrock Hospitality Company (NYSE DRH) opened at 10.90 on Tuesday. The firm has a 50-day moving average of $10.85 and a 200 day moving average of $11.14. Diamondrock Hospitality Company has a 12 month low of $8.73 and a 12 month high of $12.08. The stock has a market cap of $2.18 billion, a PE ratio of 22.06 and a beta of 1.40.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.50 annualized dividend and a yield of 4.59%. Diamondrock Hospitality’s payout ratio is 102.04%.

In other Diamondrock Hospitality news, Director Maureen L. Mcavey sold 6,000 shares of Diamondrock Hospitality stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $11.20, for a total transaction of $67,200.00. Following the transaction, the director now directly owns 81,030 shares of the company’s stock, valued at $907,536. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.10% of the company’s stock.

A number of research analysts have commented on the stock. BidaskClub cut shares of Diamondrock Hospitality from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. ING Group upgraded shares of Diamondrock Hospitality to an “outperform” rating and set a $13.00 price target for the company in a research report on Monday, July 17th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Diamondrock Hospitality from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. Raymond James Financial, Inc. raised shares of Diamondrock Hospitality from a “market perform” rating to an “outperform” rating and set a $13.00 price target on the stock in a research note on Friday, July 14th. Finally, Robert W. Baird set a $12.00 price target on shares of Diamondrock Hospitality and gave the company a “buy” rating in a research note on Sunday, September 10th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. Diamondrock Hospitality has an average rating of “Hold” and a consensus target price of $11.92.

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Diamondrock Hospitality Company 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.

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

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