Martingale Asset Management L P grew its position in Diamondrock Hospitality Company (NYSE:DRH) by 0.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 171,868 shares of the real estate investment trust’s stock after acquiring an additional 202 shares during the quarter. Martingale Asset Management L P owned 0.09% of Diamondrock Hospitality worth $1,882,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. World Asset Management Inc lifted its position in shares of Diamondrock Hospitality by 0.9% in the 1st quarter. World Asset Management Inc now owns 12,765 shares of the real estate investment trust’s stock worth $142,000 after acquiring an additional 108 shares during the period. Ronald Blue & Co. LLC lifted its position in shares of Diamondrock Hospitality by 1.0% in the 2nd quarter. Ronald Blue & Co. LLC now owns 11,203 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 116 shares during the period. Municipal Employees Retirement System of Michigan lifted its position in shares of Diamondrock Hospitality by 0.6% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 54,800 shares of the real estate investment trust’s stock worth $600,000 after acquiring an additional 320 shares during the period. Meadow Creek Investment Management LLC lifted its position in shares of Diamondrock Hospitality by 6.3% in the 1st quarter. Meadow Creek Investment Management LLC now owns 10,892 shares of the real estate investment trust’s stock worth $122,000 after acquiring an additional 644 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Diamondrock Hospitality by 5.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,706 shares of the real estate investment trust’s stock worth $153,000 after acquiring an additional 741 shares during the period.

A number of analysts have commented on the company. Stifel Nicolaus reiterated a “buy” rating on shares of Diamondrock Hospitality in a research report on Thursday, August 10th. Zacks Investment Research downgraded Diamondrock Hospitality from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. UBS AG upgraded Diamondrock Hospitality from a “market perform” rating to an “outperform” rating in a research report on Friday, July 14th. Robert W. Baird set a $12.00 price objective on Diamondrock Hospitality and gave the stock a “buy” rating in a research report on Sunday, September 10th. Finally, BidaskClub upgraded Diamondrock Hospitality from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $11.60.

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In other Diamondrock Hospitality news, Director Maureen L. Mcavey sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $11.20, for a total transaction of $67,200.00. Following the completion of the transaction, the director now directly owns 81,030 shares in the company, valued at $907,536. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.10% of the stock is owned by insiders.

Shares of Diamondrock Hospitality Company (NYSE:DRH) opened at 10.81 on Thursday. The company’s 50-day moving average price is $10.96 and its 200-day moving average price is $11.14. The firm has a market capitalization of $2.17 billion, a PE ratio of 21.88 and a beta of 1.39. Diamondrock Hospitality Company has a 12-month low of $8.73 and a 12-month high of $12.08.

Diamondrock Hospitality (NYSE:DRH) last announced its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. Diamondrock Hospitality had a net margin of 11.47% and a return on equity of 5.41%. The business had revenue of $243.30 million during the quarter, compared to the consensus estimate of $240.73 million. During the same period in the previous year, the business earned $0.31 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. Analysts anticipate that Diamondrock Hospitality Company will post $0.46 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.50 annualized dividend and a yield of 4.63%. Diamondrock Hospitality’s dividend payout ratio is currently 102.04%.

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.

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

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