Swiss National Bank Has $4.17 Million Stock Holdings in DiamondRock Hospitality (NYSE:DRH)

Swiss National Bank lifted its holdings in DiamondRock Hospitality (NYSE:DRH – Get Rating) by 1.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 509,300 shares of the real estate investment trust’s stock after purchasing an additional 9,300 shares during the quarter. Swiss National Bank’s holdings in DiamondRock Hospitality were worth $4,171,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DRH. Alpha Paradigm Partners LLC acquired a new position in DiamondRock Hospitality during the 3rd quarter worth approximately $900,000. Twinbeech Capital LP acquired a new position in DiamondRock Hospitality during the 3rd quarter worth approximately $610,000. Prudential Financial Inc. boosted its position in DiamondRock Hospitality by 273.4% during the 3rd quarter. Prudential Financial Inc. now owns 3,008,457 shares of the real estate investment trust’s stock worth $22,593,000 after acquiring an additional 2,202,775 shares during the last quarter. Inspire Investing LLC boosted its position in DiamondRock Hospitality by 8.5% during the 3rd quarter. Inspire Investing LLC now owns 27,890 shares of the real estate investment trust’s stock worth $209,000 after acquiring an additional 2,185 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its position in DiamondRock Hospitality by 1.3% during the 3rd quarter. Macquarie Group Ltd. now owns 6,591,822 shares of the real estate investment trust’s stock worth $49,523,000 after acquiring an additional 84,084 shares during the last quarter.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Morgan Stanley upped their price target on DiamondRock Hospitality from $9.00 to $9.50 and gave the stock an “equal weight” rating in a research report on Tuesday, February 7th. StockNews.com began coverage on DiamondRock Hospitality in a report on Thursday. They issued a “sell” rating for the company. Citigroup cut their price objective on DiamondRock Hospitality from $10.00 to $8.00 and set a “neutral” rating for the company in a report on Monday, March 27th. Deutsche Bank Aktiengesellschaft cut their price objective on DiamondRock Hospitality from $12.00 to $11.00 in a report on Wednesday, February 22nd. Finally, Wells Fargo & Company raised DiamondRock Hospitality from an “equal weight” rating to an “overweight” rating and cut their price objective for the company from $10.50 to $9.00 in a report on Thursday, March 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $10.06.

DiamondRock Hospitality Stock Performance

Shares of DRH stock opened at $8.10 on Friday. DiamondRock Hospitality has a 12 month low of $7.14 and a 12 month high of $11.02. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 5.08 and a beta of 1.66. The business’s 50-day moving average price is $8.05 and its 200-day moving average price is $8.58.

DiamondRock Hospitality Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 12th. Stockholders of record on Friday, March 31st were given a dividend of $0.03 per share. The ex-dividend date was Thursday, March 30th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.48%. DiamondRock Hospitality’s dividend payout ratio (DPR) is 26.67%.

About DiamondRock Hospitality

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DiamondRock Hospitality Co is a real estate investment trust which focuses on lodging properties. It engages in the acquisition, ownership, asset management, and renovation of hotels and resorts. Its brands include Autograph Collection Hotels, Courtyard Marriott, Hilton Garden Inn, Hilton Hotels & Resorts, JW Marriott, and Kimpton Hotels & Restaurants.