Louisiana State Employees Retirement System reduced its position in shares of Diamondrock Hospitality Company (NYSE:DRH) by 0.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,800 shares of the real estate investment trust’s stock after selling 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Diamondrock Hospitality Company were worth $808,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Shinko Asset Management Co. Ltd. raised its stake in shares of Diamondrock Hospitality Company by 15.8% in the second quarter. Shinko Asset Management Co. Ltd. now owns 9,469,467 shares of the real estate investment trust’s stock worth $85,509,000 after buying an additional 1,292,452 shares during the last quarter. Nationwide Fund Advisors raised its stake in shares of Diamondrock Hospitality Company by 22.3% in the third quarter. Nationwide Fund Advisors now owns 1,156,552 shares of the real estate investment trust’s stock worth $10,525,000 after buying an additional 211,169 shares in the last quarter. Thompson Investment Management Inc. raised its stake in shares of Diamondrock Hospitality Company by 19.0% in the second quarter. Thompson Investment Management Inc. now owns 87,170 shares of the real estate investment trust’s stock worth $787,000 after buying an additional 13,920 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Diamondrock Hospitality Company by 0.6% in the second quarter. Ameriprise Financial Inc. now owns 974,267 shares of the real estate investment trust’s stock worth $8,800,000 after buying an additional 5,466 shares in the last quarter. Finally, Eaton Vance Management raised its stake in shares of Diamondrock Hospitality Company by 7.6% in the second quarter. Eaton Vance Management now owns 42,484 shares of the real estate investment trust’s stock worth $384,000 after buying an additional 3,000 shares in the last quarter.

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

Diamondrock Hospitality Company (NYSE:DRH) traded up 0.53% during trading on Friday, reaching $11.34. The company had a trading volume of 1,965,500 shares. The firm’s 50 day moving average price is $11.23 and its 200 day moving average price is $10.00. The firm has a market capitalization of $2.27 billion, a PE ratio of 19.55 and a beta of 1.31. Diamondrock Hospitality Company has a 12-month low of $7.28 and a 12-month high of $11.96.

Diamondrock Hospitality Company (NYSE:DRH) last issued its quarterly earnings results on Wednesday, November 9th. The real estate investment trust reported $0.26 EPS for the quarter, beating the consensus estimate of $0.25 by $0.01. The company had revenue of $220.24 million for the quarter, compared to the consensus estimate of $225.08 million. Diamondrock Hospitality Company had a net margin of 12.62% and a return on equity of 6.37%. The firm’s revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.26 EPS. Equities research analysts forecast that Diamondrock Hospitality Company will post $0.56 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th. Investors of record on Friday, December 30th will be issued a dividend of $0.125 per share. The ex-dividend date is Wednesday, December 28th. This represents a $0.50 annualized dividend and a yield of 4.41%. Diamondrock Hospitality Company’s payout ratio is 84.75%.

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A number of analysts have commented on DRH shares. Barclays PLC set a $11.00 price objective on Diamondrock Hospitality Company and gave the stock a “buy” rating in a report on Thursday, November 10th. Canaccord Genuity reissued a “buy” rating and set a $12.00 price objective on shares of Diamondrock Hospitality Company in a report on Wednesday, November 9th. Zacks Investment Research raised Diamondrock Hospitality Company from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Wednesday. Nomura started coverage on Diamondrock Hospitality Company in a report on Wednesday, December 14th. They set a “neutral” rating and a $12.00 price objective for the company. Finally, Instinet started coverage on Diamondrock Hospitality Company in a report on Wednesday, December 14th. They set a “neutral” rating and a $12.00 price objective for the company. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $10.92.

In related news, CFO Sean M. Mahoney sold 30,000 shares of the company’s stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of $11.45, for a total transaction of $343,500.00. Following the transaction, the chief financial officer now directly owns 417,744 shares in the company, valued at approximately $4,783,168.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.20% of the company’s stock.

About Diamondrock Hospitality Company

DiamondRock Hospitality Company is a lodging-focused Maryland corporation operating as a real estate investment trust (REIT). The Company owns a portfolio of approximately 30 hotels and resorts throughout North America and the United States Virgin Islands that consists of over 10,925 guest rooms. Its primary business is to acquire, own, asset manage and renovate full-service hotel properties in the United States.

5 Day Chart for NYSE:DRH

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