Federated Investors Inc. PA grew its holdings in shares of DiamondRock Hospitality (NYSE:DRH) by 469.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,661 shares of the real estate investment trust’s stock after buying an additional 8,788 shares during the period. Federated Investors Inc. PA’s holdings in DiamondRock Hospitality were worth $131,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the business. LSV Asset Management lifted its holdings in shares of DiamondRock Hospitality by 80.6% in the 2nd quarter. LSV Asset Management now owns 4,115,221 shares of the real estate investment trust’s stock worth $50,534,000 after purchasing an additional 1,836,221 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of DiamondRock Hospitality by 3.6% in the 2nd quarter. BlackRock Inc. now owns 36,542,897 shares of the real estate investment trust’s stock worth $448,748,000 after purchasing an additional 1,282,565 shares in the last quarter. Mesirow Financial Investment Management Equity Management bought a new position in shares of DiamondRock Hospitality in the 2nd quarter worth $13,490,000. Resolution Capital Ltd lifted its holdings in shares of DiamondRock Hospitality by 14.6% in the 2nd quarter. Resolution Capital Ltd now owns 8,149,876 shares of the real estate investment trust’s stock worth $100,080,000 after purchasing an additional 1,040,600 shares in the last quarter. Finally, Standard Life Aberdeen plc bought a new position in shares of DiamondRock Hospitality in the 2nd quarter worth $6,906,000.

Shares of NYSE:DRH opened at $11.62 on Friday. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.49. DiamondRock Hospitality has a 1-year low of $9.87 and a 1-year high of $12.99. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 11.64, a P/E/G ratio of 3.33 and a beta of 1.41.

DiamondRock Hospitality (NYSE:DRH) last issued its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.14 earnings per share 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 company had revenue of $236.70 million for the quarter, compared to the consensus estimate of $241.52 million. During the same quarter last year, the business posted $0.32 earnings per share. DiamondRock Hospitality’s revenue was up 2.1% on a year-over-year basis. sell-side analysts forecast that DiamondRock Hospitality will post 1.01 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 12th. Shareholders of record on Friday, September 28th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 4.30%. The ex-dividend date is Thursday, September 27th. DiamondRock Hospitality’s dividend payout ratio (DPR) is presently 50.00%.

A number of equities analysts recently issued reports on DRH shares. TheStreet upgraded DiamondRock Hospitality from a “c+” rating to a “b-” rating in a report on Tuesday, June 5th. Barclays increased their target price on DiamondRock Hospitality from $12.00 to $14.00 and gave the stock an “overweight” rating in a report on Friday, June 1st. ValuEngine cut DiamondRock Hospitality from a “buy” rating to a “hold” rating in a report on Monday, June 4th. Citigroup increased their target price on DiamondRock Hospitality from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, August 8th. Finally, Zacks Investment Research upgraded DiamondRock Hospitality from a “sell” rating to a “hold” rating in a report on Monday, July 23rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $12.32.

DiamondRock Hospitality Company 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.

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

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