Great West Life Assurance Co. Can boosted its stake in Diamondrock Hospitality Company (NYSE:DRH) by 2.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 382,906 shares of the real estate investment trust’s stock after buying an additional 10,032 shares during the period. Great West Life Assurance Co. Can’s holdings in Diamondrock Hospitality were worth $4,185,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of DRH. Meeder Asset Management Inc. purchased a new stake in Diamondrock Hospitality during the first quarter valued at approximately $116,000. Meadow Creek Investment Management LLC raised its stake in Diamondrock Hospitality by 6.3% in the first quarter. Meadow Creek Investment Management LLC now owns 10,892 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 644 shares during the period. Ronald Blue & Co. LLC raised its stake in Diamondrock Hospitality by 4.6% in the first quarter. Ronald Blue & Co. LLC now owns 11,087 shares of the real estate investment trust’s stock valued at $124,000 after buying an additional 483 shares during the period. Piedmont Investment Advisors LLC purchased a new stake in Diamondrock Hospitality during the first quarter valued at approximately $134,000. Finally, OLD National Bancorp IN purchased a new stake in Diamondrock Hospitality during the first quarter valued at approximately $142,000.

Diamondrock Hospitality Company (DRH) opened at 11.08 on Wednesday. Diamondrock Hospitality Company has a one year low of $8.73 and a one year high of $12.07. The stock’s 50 day moving average price is $11.45 and its 200 day moving average price is $11.22. The firm has a market capitalization of $2.22 billion, a PE ratio of 22.43 and a beta of 1.38.

Diamondrock Hospitality (NYSE:DRH) last issued its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping the Zacks’ 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 analysts’ expectations of $240.73 million. During the same period last year, the company posted $0.31 EPS. The company’s revenue was up 1.2% on a year-over-year basis. Analysts expect that Diamondrock Hospitality Company will post $0.46 EPS for the current year.

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Several equities research analysts have commented on DRH shares. Canaccord Genuity reiterated a “buy” rating and set a $13.00 price objective on shares of Diamondrock Hospitality in a research note on Monday, May 15th. Stifel Nicolaus upgraded Diamondrock Hospitality from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $11.50 to $11.75 in a research note on Monday, May 15th. They noted that the move was a valuation call. Zacks Investment Research upgraded Diamondrock Hospitality from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Friday, May 12th. Finally, BidaskClub upgraded Diamondrock Hospitality from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $11.56.

In other news, Director Maureen L. Mcavey sold 6,000 shares of the firm’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 of the company’s stock, valued at approximately $907,536. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.

About Diamondrock Hospitality

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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