Great West Life Assurance Co. Can lessened its stake in Diamondrock Hospitality Company (NYSE:DRH) by 3.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 371,015 shares of the real estate investment trust’s stock after selling 11,891 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.19% of Diamondrock Hospitality worth $4,065,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. Amalgamated Bank raised its stake in shares of Diamondrock Hospitality by 0.6% in the 2nd quarter. Amalgamated Bank now owns 27,339 shares of the real estate investment trust’s stock valued at $299,000 after purchasing an additional 151 shares in the last quarter. World Asset Management Inc grew its position in shares of Diamondrock Hospitality by 2.2% during the 2nd quarter. World Asset Management Inc now owns 13,047 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 282 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its position in shares of Diamondrock Hospitality by 0.6% during the 2nd 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 during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Diamondrock Hospitality by 0.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 132,999 shares of the real estate investment trust’s stock valued at $1,456,000 after buying an additional 605 shares during the last quarter. Finally, GAM Holding AG grew its position in shares of Diamondrock Hospitality by 5.3% during the 2nd quarter. GAM Holding AG now owns 17,012 shares of the real estate investment trust’s stock valued at $186,000 after buying an additional 862 shares during the last quarter.

Diamondrock Hospitality Company (NYSE DRH) opened at $11.26 on Friday. Diamondrock Hospitality Company has a 1 year low of $10.43 and a 1 year high of $12.07. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.51. The company has a market cap of $2,255.43, a PE ratio of 11.37, a price-to-earnings-growth ratio of 2.32 and a beta of 1.33.

Diamondrock Hospitality (NYSE:DRH) last posted its earnings results on Monday, November 6th. The real estate investment trust reported $0.25 EPS for the quarter, hitting the consensus estimate of $0.25. Diamondrock Hospitality had a net margin of 10.47% and a return on equity of 4.97%. The firm had revenue of $223.50 million during the quarter, compared to analysts’ expectations of $223.30 million. During the same quarter in the prior year, the firm earned $0.26 EPS. Diamondrock Hospitality’s quarterly revenue was up 1.5% on a year-over-year basis. sell-side analysts forecast that Diamondrock Hospitality Company will post 0.97 earnings per share for the current year.

A number of brokerages recently weighed in on DRH. Boenning Scattergood reaffirmed a “sell” rating and set a $10.00 price objective on shares of Diamondrock Hospitality in a research report on Wednesday, November 8th. Robert W. Baird reaffirmed a “buy” rating and set a $12.00 price objective on shares of Diamondrock Hospitality in a research report on Friday, November 10th. TheStreet downgraded shares of Diamondrock Hospitality from a “b” rating to a “c+” rating in a research report on Monday, November 6th. Evercore ISI raised shares of Diamondrock Hospitality from an “in-line” rating to an “outperform” rating in a research report on Monday, December 4th. Finally, Zacks Investment Research downgraded shares of Diamondrock Hospitality from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $12.00.

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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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