Victory Capital Management Inc. increased its position in shares of DiamondRock Hospitality (NYSE:DRH) by 10.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,306,571 shares of the real estate investment trust’s stock after buying an additional 316,999 shares during the period. Victory Capital Management Inc.’s holdings in DiamondRock Hospitality were worth $37,331,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. GSA Capital Partners LLP boosted its holdings in DiamondRock Hospitality by 6.0% during the second quarter. GSA Capital Partners LLP now owns 16,442 shares of the real estate investment trust’s stock worth $180,000 after buying an additional 930 shares in the last quarter. Shelton Capital Management boosted its holdings in DiamondRock Hospitality by 5.4% during the second quarter. Shelton Capital Management now owns 19,890 shares of the real estate investment trust’s stock worth $218,000 after buying an additional 1,024 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in DiamondRock Hospitality by 1.8% during the third quarter. Public Employees Retirement System of Ohio now owns 269,827 shares of the real estate investment trust’s stock worth $2,955,000 after buying an additional 4,887 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in DiamondRock Hospitality by 6.2% during the fourth quarter. Louisiana State Employees Retirement System now owns 86,200 shares of the real estate investment trust’s stock worth $973,000 after buying an additional 5,000 shares in the last quarter. Finally, Eqis Capital Management Inc. boosted its holdings in DiamondRock Hospitality by 18.6% during the third quarter. Eqis Capital Management Inc. now owns 33,508 shares of the real estate investment trust’s stock worth $367,000 after buying an additional 5,260 shares in the last quarter.

DiamondRock Hospitality (DRH) opened at $11.14 on Friday. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.51. The stock has a market cap of $2,169.30, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 2.18 and a beta of 1.35. DiamondRock Hospitality has a twelve month low of $10.43 and a twelve month high of $12.11.

DiamondRock Hospitality (NYSE:DRH) last posted its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The business had revenue of $223.50 million for the quarter, compared to the consensus estimate of $223.30 million. DiamondRock Hospitality had a net margin of 10.47% and a return on equity of 4.97%. The company’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the firm posted $0.26 earnings per share. equities research analysts predict that DiamondRock Hospitality will post 0.98 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 4.49%. The ex-dividend date of this dividend was Thursday, December 28th. DiamondRock Hospitality’s payout ratio is 111.11%.

A number of brokerages recently issued reports on DRH. Robert W. Baird reissued a “buy” rating and set a $12.00 price target on shares of DiamondRock Hospitality in a report on Friday, November 10th. Evercore ISI raised shares of DiamondRock Hospitality from an “in-line” rating to an “outperform” rating in a report on Monday, December 4th. TheStreet downgraded shares of DiamondRock Hospitality from a “b” rating to a “c+” rating in a report on Monday, November 6th. Boenning Scattergood raised shares of DiamondRock Hospitality from an “under perform” rating to a “neutral” rating in a report on Friday, December 8th. Finally, Zacks Investment Research downgraded shares of DiamondRock Hospitality from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $12.00.

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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.

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

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