Systematic Financial Management LP lowered its stake in shares of Diamondrock Hospitality Company (NYSE:DRH) by 13.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,680,591 shares of the real estate investment trust’s stock after selling 261,869 shares during the quarter. Systematic Financial Management LP owned about 0.84% of Diamondrock Hospitality worth $18,402,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Diamondrock Hospitality by 5.1% during the 2nd quarter. Vanguard Group Inc. now owns 34,866,908 shares of the real estate investment trust’s stock valued at $381,793,000 after acquiring an additional 1,694,293 shares during the last quarter. BlackRock Inc. increased its stake in shares of Diamondrock Hospitality by 4.6% during the 2nd quarter. BlackRock Inc. now owns 32,509,608 shares of the real estate investment trust’s stock valued at $355,983,000 after acquiring an additional 1,421,711 shares during the last quarter. FMR LLC increased its stake in shares of Diamondrock Hospitality by 2.2% during the 2nd quarter. FMR LLC now owns 21,377,145 shares of the real estate investment trust’s stock valued at $234,080,000 after acquiring an additional 453,851 shares during the last quarter. State Street Corp increased its stake in shares of Diamondrock Hospitality by 4.6% during the 2nd quarter. State Street Corp now owns 8,067,041 shares of the real estate investment trust’s stock valued at $88,338,000 after acquiring an additional 356,960 shares during the last quarter. Finally, Resolution Capital Ltd increased its stake in shares of Diamondrock Hospitality by 8.0% during the 3rd quarter. Resolution Capital Ltd now owns 7,232,784 shares of the real estate investment trust’s stock valued at $79,199,000 after acquiring an additional 535,876 shares during the last quarter.

DRH has been the subject of a number of research analyst reports. KeyCorp reaffirmed a “hold” rating on shares of Diamondrock Hospitality in a research note on Sunday, September 24th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Diamondrock Hospitality in a research note on Thursday, August 10th. Zacks Investment Research downgraded shares of Diamondrock Hospitality from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. BidaskClub raised shares of Diamondrock Hospitality from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, Boenning Scattergood reaffirmed a “sell” rating and set a $10.00 price objective on shares of Diamondrock Hospitality in a research note on Wednesday, November 8th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $12.00.

Diamondrock Hospitality Company (NYSE DRH) traded up $0.06 on Wednesday, reaching $11.25. 1,650,200 shares of the company were exchanged, compared to its average volume of 2,229,610. The firm has a market cap of $2,241.42, a P/E ratio of 11.30, a PEG ratio of 2.31 and a beta of 1.33. Diamondrock Hospitality Company has a 12-month low of $10.04 and a 12-month high of $12.07. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.41 and a current ratio of 2.41.

Diamondrock Hospitality (NYSE:DRH) last posted its earnings results on Monday, November 6th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.25. The firm had revenue of $223.50 million during the quarter, compared to the consensus estimate of $223.30 million. Diamondrock Hospitality had a net margin of 10.47% and a return on equity of 4.97%. The company’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 EPS. analysts expect that Diamondrock Hospitality Company will post 0.97 EPS for the current year.

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Diamondrock Hospitality Profile

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.

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

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