DiamondRock Hospitality (NYSE:DRH) Holdings Raised by Yousif Capital Management LLC

Yousif Capital Management LLC increased its position in shares of DiamondRock Hospitality (NYSE:DRH) by 8.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,494 shares of the real estate investment trust’s stock after purchasing an additional 6,566 shares during the period. Yousif Capital Management LLC’s holdings in DiamondRock Hospitality were worth $822,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in DRH. Pzena Investment Management LLC raised its stake in shares of DiamondRock Hospitality by 9.1% in the 3rd quarter. Pzena Investment Management LLC now owns 9,720,155 shares of the real estate investment trust’s stock worth $78,053,000 after buying an additional 810,972 shares in the last quarter. Invesco Ltd. raised its position in DiamondRock Hospitality by 3.1% in the third quarter. Invesco Ltd. now owns 5,455,648 shares of the real estate investment trust’s stock worth $43,809,000 after acquiring an additional 165,142 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in DiamondRock Hospitality by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,326,316 shares of the real estate investment trust’s stock valued at $34,740,000 after acquiring an additional 188,010 shares during the last quarter. Northern Trust Corp boosted its position in shares of DiamondRock Hospitality by 2.3% during the 3rd quarter. Northern Trust Corp now owns 3,291,311 shares of the real estate investment trust’s stock valued at $26,429,000 after purchasing an additional 73,745 shares in the last quarter. Finally, Great Lakes Advisors LLC grew its stake in shares of DiamondRock Hospitality by 9.7% in the 3rd quarter. Great Lakes Advisors LLC now owns 734,391 shares of the real estate investment trust’s stock worth $5,897,000 after purchasing an additional 64,852 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Stifel Nicolaus raised their target price on shares of DiamondRock Hospitality from $10.00 to $10.50 and gave the stock a “buy” rating in a report on Friday, February 23rd. Wolfe Research began coverage on DiamondRock Hospitality in a research note on Wednesday, January 10th. They set an “outperform” rating and a $11.00 price objective for the company. Truist Financial boosted their target price on DiamondRock Hospitality from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Thursday, March 14th. Finally, StockNews.com upgraded DiamondRock Hospitality from a “sell” rating to a “hold” rating in a research report on Friday. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $10.30.

DiamondRock Hospitality Price Performance

Shares of NYSE:DRH opened at $8.83 on Friday. The company’s fifty day moving average is $9.32 and its two-hundred day moving average is $9.01. The company has a market cap of $1.86 billion, a P/E ratio of 24.53 and a beta of 1.61. DiamondRock Hospitality has a 12-month low of $7.33 and a 12-month high of $9.99. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.71.

DiamondRock Hospitality (NYSE:DRH) last posted its quarterly earnings results on Friday, February 23rd. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.14). DiamondRock Hospitality had a net margin of 7.86% and a return on equity of 5.20%. The business had revenue of $263.50 million for the quarter, compared to analyst estimates of $261.45 million. During the same period in the previous year, the firm posted $0.23 earnings per share. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. Equities analysts expect that DiamondRock Hospitality will post 0.96 earnings per share for the current fiscal year.

DiamondRock Hospitality Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Wednesday, March 27th. DiamondRock Hospitality’s dividend payout ratio is currently 33.33%.

About DiamondRock Hospitality

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 leisure destinations and top gateway markets. The Company currently owns 36 premium quality hotels with over 9,700 rooms. The Company has strategically positioned its portfolio to be operated both under leading global brand families as well as independent boutique hotels in the lifestyle segment.