Schwab Charles Investment Management Inc. boosted its position in shares of DiamondRock Hospitality (NYSE:DRH) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,597,254 shares of the real estate investment trust’s stock after purchasing an additional 131,974 shares during the period. Schwab Charles Investment Management Inc.’s holdings in DiamondRock Hospitality were worth $29,323,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. GSA Capital Partners LLP boosted its stake in DiamondRock Hospitality by 6.0% during the 2nd quarter. GSA Capital Partners LLP now owns 16,442 shares of the real estate investment trust’s stock valued at $180,000 after acquiring an additional 930 shares during the last quarter. Shelton Capital Management boosted its stake in DiamondRock Hospitality by 5.4% during the 2nd quarter. Shelton Capital Management now owns 19,890 shares of the real estate investment trust’s stock valued at $218,000 after acquiring an additional 1,024 shares during the last quarter. Eqis Capital Management Inc. boosted its stake in DiamondRock Hospitality by 18.6% during the 3rd quarter. Eqis Capital Management Inc. now owns 33,508 shares of the real estate investment trust’s stock valued at $367,000 after acquiring an additional 5,260 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in DiamondRock Hospitality during the 3rd quarter valued at $410,000. Finally, OxFORD Asset Management LLP bought a new position in DiamondRock Hospitality during the 3rd quarter valued at $432,000.

DiamondRock Hospitality (NYSE:DRH) opened at $11.10 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.41 and a quick ratio of 2.41. DiamondRock Hospitality has a 52-week low of $10.43 and a 52-week high of $12.11. The stock has a market cap of $2,227.39, a PE ratio of 11.23, a PEG ratio of 2.24 and a beta of 1.35.

DRH has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of DiamondRock Hospitality from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. KeyCorp reiterated a “hold” rating on shares of DiamondRock Hospitality in a research note on Tuesday, October 24th. TheStreet upgraded shares of DiamondRock Hospitality from a “c+” rating to a “b-” rating in a research note on Friday, December 29th. Boenning Scattergood reiterated a “sell” rating and set a $10.00 price objective on shares of DiamondRock Hospitality in a research note on Wednesday, November 8th. Finally, Evercore ISI upgraded shares of DiamondRock Hospitality from an “in-line” rating to an “outperform” rating in a research note on Monday, December 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $12.00.

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About DiamondRock Hospitality

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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