SG Americas Securities LLC Has $1.09 Million Stake in Diamondrock Hospitality Company (DRH)
SG Americas Securities LLC grew its stake in Diamondrock Hospitality Company (NYSE:DRH) by 158.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 99,683 shares of the real estate investment trust’s stock after acquiring an additional 61,175 shares during the quarter. SG Americas Securities LLC’s holdings in Diamondrock Hospitality were worth $1,092,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the company. HRT Financial LLC purchased a new position in Diamondrock Hospitality during the 2nd quarter worth $142,000. World Asset Management Inc grew its stake in Diamondrock Hospitality by 2.2% during the 2nd quarter. World Asset Management Inc now owns 13,047 shares of the real estate investment trust’s stock valued at $143,000 after purchasing an additional 282 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Diamondrock Hospitality by 15.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,787 shares of the real estate investment trust’s stock valued at $173,000 after purchasing an additional 2,081 shares during the last quarter. ARP Americas LLC purchased a new stake in Diamondrock Hospitality during the 2nd quarter valued at about $177,000. Finally, GSA Capital Partners LLP grew its stake in Diamondrock Hospitality by 6.0% during the 2nd quarter. GSA Capital Partners LLP now owns 16,442 shares of the real estate investment trust’s stock valued at $180,000 after purchasing an additional 930 shares during the last quarter.
Several brokerages have recently issued reports on DRH. KeyCorp reissued a “hold” rating on shares of Diamondrock Hospitality in a report on Sunday, September 24th. Stifel Nicolaus reissued a “buy” rating on shares of Diamondrock Hospitality in a report on Thursday, August 10th. Zacks Investment Research cut Diamondrock Hospitality from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Boenning Scattergood reissued a “sell” rating and issued a $10.00 price objective on shares of Diamondrock Hospitality in a report on Wednesday, November 8th. Finally, Robert W. Baird set a $12.00 price objective on Diamondrock Hospitality and gave the company a “buy” rating in a report on Sunday, September 10th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. Diamondrock Hospitality currently has a consensus rating of “Hold” and a consensus price target of $12.00.
Diamondrock Hospitality Company (NYSE DRH) opened at $11.16 on Friday. Diamondrock Hospitality Company has a fifty-two week low of $10.43 and a fifty-two week high of $12.07. The company has a market capitalization of $2,241.42, a P/E ratio of 11.30, a price-to-earnings-growth ratio of 2.31 and a beta of 1.33. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.51.
Diamondrock Hospitality (NYSE:DRH) last announced its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.25. Diamondrock Hospitality had a return on equity of 4.97% and a net margin of 10.47%. The business had revenue of $223.50 million for the quarter, compared to analysts’ expectations of $223.30 million. During the same period in the previous year, the business posted $0.26 EPS. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. equities research analysts expect that Diamondrock Hospitality Company will post 0.97 EPS for the current fiscal year.
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Diamondrock Hospitality Company 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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