1 week Ago By Defense World Staff
Norges Bank bought a new stake in DiamondRock Hospitality ( NYSE:DRH – Free Report ) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 646,618 shares of the real estate investment trust’s stock, valued at approximately $5,839,000. Norges Bank owned approximately 0.
31% of DiamondRock Hospitality as of its most recent filing with the Securities and Exchange Commission (SEC). Several other hedge funds also recently bought and sold shares of DRH. Xponance Inc.
increased its position in shares of DiamondRock Hospitality by 9.9% in the 4th quarter. Xponance Inc.
now owns 15,098 shares of the real estate investment trust’s stock valued at $136,000 after buying an additional 1,360 shares in the last quarter. Orion Portfolio Solutions LLC grew its holdings in shares of DiamondRock Hospitality by 1.6% during the third quarter.
Orion Portfolio Solutions LLC now owns 104,965 shares of the real estate investment trust’s stock worth $916,000 after buying an additional 1,652 shares in the last quarter. Vert Asset Management LLC raised its position in DiamondRock Hospitality by 2.1% in the 4th quarter.
Vert Asset Management LLC now owns 82,570 shares of the real estate investment trust’s stock valued at $746,000 after buying an additional 1,729 shares during the last quarter. Metis Global Partners LLC grew its stake in shares of DiamondRock Hospitality by 11.4% during the 4th quarter.
Metis Global Partners LLC now owns 23,773 shares of the real estate investment trust’s stock worth $215,000 after acquiring an additional 2,427 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of DiamondRock Hospitality by 8.4% in the fourth quarter.
Van ECK Associates Corp now owns 39,187 shares of the real estate investment trust’s stock valued at $354,000 after purchasing an additional 3,027 shares during the last quarter. Analyst Ratings Changes Separately, Wells Fargo & Company decreased their target price on shares of DiamondRock Hospitality from $10.50 to $9.
50 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.
com, DiamondRock Hospitality presently has an average rating of “Hold” and a consensus price target of $10.05. DiamondRock Hospitality Stock Up 13.
8 % NYSE:DRH opened at $7.28 on Thursday. DiamondRock Hospitality has a twelve month low of $6.
19 and a twelve month high of $10.00. The firm has a market capitalization of $1.
51 billion, a price-to-earnings ratio of 26.00, a price-to-earnings-growth ratio of 2.06 and a beta of 1.
38. The company has a quick ratio of 1.73, a current ratio of 1.
73 and a debt-to-equity ratio of 0.66. The stock’s 50 day moving average price is $8.
03 and its two-hundred day moving average price is $8.70. DiamondRock Hospitality Increases Dividend The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th.
Shareholders of record on Friday, March 28th will be given a dividend of $0.08 per share. This is a positive change from DiamondRock Hospitality’s previous quarterly dividend of $0.
03. This represents a $0.32 annualized dividend and a yield of 4.
40%. The ex-dividend date of this dividend is Friday, March 28th. DiamondRock Hospitality’s dividend payout ratio is 188.
24%. About DiamondRock Hospitality ( Free Report ) 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 leisure destinations and top gateway markets. The Company currently owns 36 premium quality hotels with over 9,700 rooms.
The Company has strategically positioned its portfolio to be operated both under leading global brand families as well as independent boutique hotels in the lifestyle segment. Featured Stories Five stocks we like better than DiamondRock Hospitality How to Know Which Cryptocurrency to Buy: A Guide for Investors Quantum Computing: The $6.5 Billion Opportunity You Can’t Ignore Options Trading – Understanding Strike Price Are Tariffs Threatening Disney’s Comeback Story? How Investors Can Identify and Successfully Trade Gap-Down Stocks Is Alphabet a Generational Buying Opportunity at These Levels? Want to see what other hedge funds are holding DRH? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for DiamondRock Hospitality ( NYSE:DRH – Free Report ). Receive News & Ratings for DiamondRock Hospitality Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DiamondRock Hospitality and related companies with MarketBeat.com's FREE daily email newsletter .
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