Virtu Financial LLC bought a new position in shares of DiamondRock Hospitality (NYSE:DRH) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 17,797 shares of the real estate investment trust’s stock, valued at approximately $193,000.
Several other hedge funds have also recently bought and sold shares of DRH. Pearl River Capital LLC bought a new position in shares of DiamondRock Hospitality during the 4th quarter valued at $57,000. NumerixS Investment Technologies Inc increased its stake in shares of DiamondRock Hospitality by 184.2% in the 4th quarter. NumerixS Investment Technologies Inc now owns 10,800 shares of the real estate investment trust’s stock worth $98,000 after purchasing an additional 7,000 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of DiamondRock Hospitality in the 4th quarter worth $99,000. Raymond James & Associates increased its stake in shares of DiamondRock Hospitality by 20.1% in the 4th quarter. Raymond James & Associates now owns 16,161 shares of the real estate investment trust’s stock worth $147,000 after purchasing an additional 2,700 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV increased its stake in shares of DiamondRock Hospitality by 13.1% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 17,212 shares of the real estate investment trust’s stock worth $156,000 after purchasing an additional 1,991 shares in the last quarter.
Shares of DiamondRock Hospitality stock traded down $0.08 during trading on Wednesday, reaching $10.67. 1,286,200 shares of the stock traded hands, compared to its average volume of 2,500,565. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.62. DiamondRock Hospitality has a 52-week low of $8.69 and a 52-week high of $12.99. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 2.07 and a beta of 1.43.
DiamondRock Hospitality (NYSE:DRH) last announced its quarterly earnings results on Wednesday, May 8th. The real estate investment trust reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.14). DiamondRock Hospitality had a net margin of 10.44% and a return on equity of 4.90%. The business had revenue of $202.38 million during the quarter, compared to the consensus estimate of $194.62 million. During the same period in the previous year, the business posted $0.17 EPS. The firm’s revenue was up 11.5% on a year-over-year basis. On average, equities analysts expect that DiamondRock Hospitality will post 1.03 EPS for the current fiscal year.
Several equities research analysts have recently commented on DRH shares. KeyCorp lowered DiamondRock Hospitality from a “sector weight” rating to an “underweight” rating and set a $8.00 price objective for the company. in a research note on Friday, January 25th. Zacks Investment Research lowered DiamondRock Hospitality from a “buy” rating to a “hold” rating in a research note on Tuesday, January 29th. ValuEngine upgraded DiamondRock Hospitality from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Wells Fargo & Co reiterated a “sell” rating on shares of DiamondRock Hospitality in a research note on Wednesday, March 6th. Finally, Deutsche Bank reiterated a “hold” rating and issued a $12.00 price target on shares of DiamondRock Hospitality in a research note on Thursday, February 28th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.58.
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DiamondRock Hospitality Profile
DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in top gateway markets and destination resort locations. The Company owns 31 premium quality hotels with over 10,000 rooms. The Company has strategically positioned its hotels to be operated both under leading global brand families such as Hilton and Marriott as well as unique boutique hotels in the lifestyle segment.
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