6 days Ago By ABMN Staff
Geode Capital Management LLC trimmed its position in shares of DiamondRock Hospitality ( NYSE:DRH – Free Report ) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,239,709 shares of the real estate investment trust’s stock after selling 110,574 shares during the period.
Geode Capital Management LLC owned approximately 2.52% of DiamondRock Hospitality worth $47,325,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors also recently made changes to their positions in DRH.
Jane Street Group LLC grew its holdings in DiamondRock Hospitality by 73.0% in the 3rd quarter. Jane Street Group LLC now owns 302,757 shares of the real estate investment trust’s stock valued at $2,643,000 after buying an additional 127,717 shares during the last quarter.
JPMorgan Chase & Co. increased its position in 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 acquiring an additional 901,600 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in DiamondRock Hospitality by 45.
2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 138,327 shares of the real estate investment trust’s stock valued at $1,249,000 after purchasing an additional 43,088 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC bought a new stake in DiamondRock Hospitality in the 4th quarter valued at $14,889,000.
Finally, Barclays PLC grew its position in DiamondRock Hospitality by 37.6% in the 3rd quarter. Barclays PLC now owns 368,616 shares of the real estate investment trust’s stock worth $3,219,000 after purchasing an additional 100,805 shares during the last quarter.
DiamondRock Hospitality Trading Down 1.3 % Shares of DRH stock opened at $7.01 on Tuesday.
The firm has a fifty day moving average of $7.94 and a 200-day moving average of $8.66.
The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 25.04, a P/E/G ratio of 2.
06 and a beta of 1.38. DiamondRock Hospitality has a 52-week low of $6.
19 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.
DiamondRock Hospitality Increases Dividend Wall Street Analysts Forecast Growth Separately, Wells Fargo & Company reduced 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 note on Tuesday, February 18th.
Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $10.
05. Check Out Our Latest Stock Analysis on DRH DiamondRock Hospitality Profile ( 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 Articles 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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