1 week Ago By ABMN Staff
Arrowstreet Capital Limited Partnership lifted its position in shares of DiamondRock Hospitality ( NYSE:DRH – Free Report ) by 21.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 879,852 shares of the real estate investment trust’s stock after purchasing an additional 156,043 shares during the quarter.
Arrowstreet Capital Limited Partnership owned 0.42% of DiamondRock Hospitality worth $7,945,000 at the end of the most recent reporting period. Several other institutional investors and hedge funds also recently made changes to their positions in DRH.
State Street Corp lifted its holdings in DiamondRock Hospitality by 1.8% during the third quarter. State Street Corp now owns 12,535,384 shares of the real estate investment trust’s stock worth $109,806,000 after acquiring an additional 221,219 shares in the last quarter.
JPMorgan Chase & Co. raised its position in shares of DiamondRock Hospitality by 18.7% during the fourth quarter.
JPMorgan Chase & Co. now owns 5,716,469 shares of the real estate investment trust’s stock worth $51,620,000 after purchasing an additional 901,600 shares during the period. Geode Capital Management LLC lifted its holdings in shares of DiamondRock Hospitality by 0.
5% during the 3rd quarter. Geode Capital Management LLC now owns 5,350,283 shares of the real estate investment trust’s stock valued at $46,716,000 after purchasing an additional 28,391 shares in the last quarter. Wellington Management Group LLP grew its position in shares of DiamondRock Hospitality by 15.
6% in the 3rd quarter. Wellington Management Group LLP now owns 4,925,093 shares of the real estate investment trust’s stock valued at $42,996,000 after purchasing an additional 663,529 shares during the period. Finally, Charles Schwab Investment Management Inc.
increased its stake in DiamondRock Hospitality by 1.8% during the 4th quarter. Charles Schwab Investment Management Inc.
now owns 4,557,580 shares of the real estate investment trust’s stock worth $41,155,000 after purchasing an additional 81,916 shares in the last quarter. DiamondRock Hospitality Trading Down 3.1 % NYSE DRH opened at $7.
01 on Monday. DiamondRock Hospitality has a 52 week low of $6.85 and a 52 week high of $10.
00. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.
73 and a current ratio of 1.73. The stock’s 50 day moving average price is $8.
24 and its two-hundred day moving average price is $8.78. The stock has a market capitalization of $1.
46 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 2.06 and a beta of 1.
38. DiamondRock Hospitality Increases Dividend Wall Street Analysts Forecast Growth Separately, Wells Fargo & Company cut their price target on shares of DiamondRock Hospitality from $10.50 to $9.
50 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, DiamondRock Hospitality has an average rating of “Hold” and a consensus price target of $10.
05. View Our Latest Stock Report on DiamondRock Hospitality 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 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 ).
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