Cbre Clarion Securities LLC lifted its holdings in DiamondRock Hospitality (NYSE:DRH) by 2,004.3% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,298,144 shares of the real estate investment trust’s stock after buying an additional 5,998,844 shares during the period. Cbre Clarion Securities LLC owned approximately 3.03% of DiamondRock Hospitality worth $77,341,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parametrica Management Ltd purchased a new position in shares of DiamondRock Hospitality in the 1st quarter worth approximately $131,000. Federated Investors Inc. PA boosted its stake in shares of DiamondRock Hospitality by 469.2% in the 2nd quarter. Federated Investors Inc. PA now owns 10,661 shares of the real estate investment trust’s stock worth $131,000 after buying an additional 8,788 shares during the last quarter. Natixis boosted its stake in shares of DiamondRock Hospitality by 43.0% in the 1st quarter. Natixis now owns 14,990 shares of the real estate investment trust’s stock worth $156,000 after buying an additional 4,505 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of DiamondRock Hospitality in the 1st quarter worth approximately $269,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of DiamondRock Hospitality in the 1st quarter worth approximately $310,000.

Several equities analysts recently commented on DRH shares. TheStreet downgraded DiamondRock Hospitality from a “b-” rating to a “c+” rating in a research note on Thursday, May 3rd. Boenning Scattergood set a $10.00 price objective on DiamondRock Hospitality and gave the company a “sell” rating in a research note on Monday, May 7th. Morgan Stanley upped their price objective on DiamondRock Hospitality from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Wednesday, May 23rd. Stifel Nicolaus upped their price objective on DiamondRock Hospitality from $12.00 to $13.25 and gave the company a “buy” rating in a research note on Friday, May 25th. Finally, ValuEngine upgraded DiamondRock Hospitality from a “hold” rating to a “buy” rating in a research note on Tuesday, May 29th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $12.32.

DiamondRock Hospitality stock opened at $11.99 on Friday. DiamondRock Hospitality has a 12 month low of $9.87 and a 12 month high of $12.99. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $2.47 billion, a P/E ratio of 12.01, a PEG ratio of 3.38 and a beta of 1.39.

DiamondRock Hospitality (NYSE:DRH) last posted its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.14 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.18). DiamondRock Hospitality had a net margin of 9.26% and a return on equity of 4.26%. The firm had revenue of $236.70 million during the quarter, compared to analysts’ expectations of $241.52 million. During the same quarter in the previous year, the company posted $0.32 EPS. DiamondRock Hospitality’s revenue for the quarter was up 2.1% on a year-over-year basis. analysts predict that DiamondRock Hospitality will post 1.01 earnings per share for the current year.

DiamondRock Hospitality Profile

DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in top gateway markets and destination resort locations. The Company owns 30 premium quality hotels with over 9,900 rooms. The Company has strategically positioned its hotels to be operated both under leading global brand families such as Hilton and Marriott as well as unique boutique hotels in the lifestyle segment.

Further Reading: Dividend

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

Receive News & Ratings for DiamondRock Hospitality Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DiamondRock Hospitality and related companies with MarketBeat.com's FREE daily email newsletter.