Credit Agricole S A lowered its position in shares of DiamondRock Hospitality Company (NYSE:DRH) by 69.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,559 shares of the real estate investment trust’s stock after selling 90,257 shares during the period. Credit Agricole S A’s holdings in DiamondRock Hospitality Company were worth $468,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Paragon Capital Management Ltd boosted its position in shares of DiamondRock Hospitality Company by 8.1% in the third quarter. Paragon Capital Management Ltd now owns 11,280 shares of the real estate investment trust’s stock worth $103,000 after buying an additional 841 shares during the last quarter. K2 Principal Fund L.P. purchased a new position in shares of DiamondRock Hospitality Company during the third quarter worth approximately $109,000. Ronald Blue & Co. LLC purchased a new position in shares of DiamondRock Hospitality Company during the third quarter worth approximately $116,000. World Asset Management Inc boosted its position in shares of DiamondRock Hospitality Company by 32.0% in the third quarter. World Asset Management Inc now owns 13,373 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 3,242 shares during the last quarter. Finally, Eqis Capital Management Inc. purchased a new position in shares of DiamondRock Hospitality Company during the third quarter worth approximately $136,000.

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

Shares of DiamondRock Hospitality Company (NYSE:DRH) opened at 10.99 on Tuesday. The company has a 50 day moving average price of $11.17 and a 200 day moving average price of $10.44. DiamondRock Hospitality Company has a 12-month low of $8.22 and a 12-month high of $12.00. The firm has a market cap of $2.20 billion, a PE ratio of 19.28 and a beta of 1.28.

DiamondRock Hospitality Company (NYSE:DRH) last announced its quarterly earnings data on Wednesday, February 22nd. The real estate investment trust reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.01. DiamondRock Hospitality Company had a return on equity of 6.37% and a net margin of 12.62%. The company had revenue of $206.62 million for the quarter, compared to analyst estimates of $210.85 million. During the same quarter in the previous year, the company earned $0.26 EPS. The firm’s revenue for the quarter was down 11.6% compared to the same quarter last year. On average, analysts forecast that DiamondRock Hospitality Company will post $0.50 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 12th. Shareholders of record on Friday, March 31st will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date is Wednesday, March 29th. DiamondRock Hospitality Company’s dividend payout ratio is presently 84.75%.

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A number of equities analysts have commented on DRH shares. Canaccord Genuity reissued a “buy” rating and set a $13.00 target price on shares of DiamondRock Hospitality Company in a report on Monday, March 6th. Zacks Investment Research raised DiamondRock Hospitality Company from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a report on Wednesday, January 11th. Barclays PLC reissued a “buy” rating and set a $12.00 target price on shares of DiamondRock Hospitality Company in a report on Tuesday, February 14th. Nomura started coverage on DiamondRock Hospitality Company in a report on Wednesday, December 14th. They set a “neutral” rating and a $12.00 target price for the company. Finally, Instinet started coverage on DiamondRock Hospitality Company in a report on Wednesday, December 14th. They set a “neutral” rating and a $12.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $11.10.

About DiamondRock Hospitality Company

DiamondRock Hospitality Company is a lodging-focused Maryland corporation operating as a real estate investment trust (REIT). The Company owns a portfolio of approximately 30 hotels and resorts throughout North America and the United States Virgin Islands that consists of over 10,925 guest rooms. Its primary business is to acquire, own, asset manage and renovate full-service hotel properties in the United States.

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