Suntrust Banks Inc. maintained its position in shares of Diamondrock Hospitality Company (NYSE:DRH) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 102,700 shares of the real estate investment trust’s stock at the close of the 2nd quarter. Suntrust Banks Inc. owned 0.05% of Diamondrock Hospitality worth $1,124,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. World Asset Management Inc increased its holdings in 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 valued at $142,000 after purchasing an additional 108 shares during the last quarter. Ronald Blue & Co. LLC grew its stake in shares of Diamondrock Hospitality by 1.0% in the second 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 in the last quarter. Amalgamated Bank grew its stake in shares of Diamondrock Hospitality by 0.6% in the second quarter. Amalgamated Bank now owns 27,339 shares of the real estate investment trust’s stock worth $299,000 after acquiring an additional 151 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its stake in shares of Diamondrock Hospitality by 0.6% in the second 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 in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Diamondrock Hospitality by 0.5% in the second quarter. PNC Financial Services Group Inc. now owns 132,999 shares of the real estate investment trust’s stock worth $1,456,000 after acquiring an additional 605 shares in the last quarter.

Several equities analysts have commented on the stock. Stifel Nicolaus restated a “buy” rating on shares of Diamondrock Hospitality in a research note on Thursday, August 10th. UBS AG raised shares of Diamondrock Hospitality from a “market perform” rating to an “outperform” rating in a research report on Friday, July 14th. ING Group raised shares of Diamondrock Hospitality to an “outperform” rating and set a $13.00 price objective for the company in a research report on Monday, July 17th. They noted that the move was a valuation call. Raymond James Financial, Inc. raised shares of Diamondrock Hospitality from a “market perform” rating to an “outperform” rating and set a $13.00 price objective for the company in a research report on Friday, July 14th. Finally, BidaskClub raised shares of Diamondrock Hospitality from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. Diamondrock Hospitality presently has an average rating of “Hold” and a consensus target price of $11.92.

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

Shares of Diamondrock Hospitality Company (NYSE:DRH) opened at 10.82 on Thursday. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 21.90 and a beta of 1.39. The stock has a 50 day moving average of $10.83 and a 200 day moving average of $11.14. Diamondrock Hospitality Company has a 52-week low of $8.73 and a 52-week high of $12.08.

Diamondrock Hospitality (NYSE:DRH) last announced its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. Diamondrock Hospitality had a return on equity of 5.41% and a net margin of 11.47%. The business had revenue of $243.30 million during the quarter, compared to the consensus estimate of $240.73 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. Diamondrock Hospitality’s revenue was up 1.2% compared to the same quarter last year. On average, analysts predict that Diamondrock Hospitality Company will post $0.46 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.50 dividend on an annualized basis and a yield of 4.62%. Diamondrock Hospitality’s dividend payout ratio (DPR) is presently 102.04%.

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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.

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

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