2 weeks Ago By Defense World Staff
JPMorgan Chase & Co. raised its stake in DiamondRock Hospitality ( NYSE:DRH – Free Report ) by 18.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC.
The fund owned 5,716,469 shares of the real estate investment trust’s stock after acquiring an additional 901,600 shares during the period. JPMorgan Chase & Co. owned approximately 2.
75% of DiamondRock Hospitality worth $51,620,000 as of its most recent SEC filing. A number of other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets grew its holdings in shares of DiamondRock Hospitality by 46.
0% in the third quarter. BNP Paribas Financial Markets now owns 65,575 shares of the real estate investment trust’s stock valued at $572,000 after purchasing an additional 20,660 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in DiamondRock Hospitality by 326.
6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,235,728 shares of the real estate investment trust’s stock worth $10,788,000 after acquiring an additional 946,073 shares during the last quarter. Holocene Advisors LP purchased a new stake in DiamondRock Hospitality during the third quarter valued at approximately $568,000.
State Street Corp boosted its stake 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 buying an additional 221,219 shares during the period.
Finally, Wellington Management Group LLP boosted its stake in shares of DiamondRock Hospitality by 15.6% during the 3rd quarter. Wellington Management Group LLP now owns 4,925,093 shares of the real estate investment trust’s stock worth $42,996,000 after purchasing an additional 663,529 shares during the period.
Analyst Ratings Changes Separately, Wells Fargo & Company reduced their price target on DiamondRock Hospitality from $10.50 to $9.50 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th.
Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $10.05.
DiamondRock Hospitality Stock Down 3.1 % DiamondRock Hospitality stock opened at $7.01 on Friday.
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 firm has a market cap of $1.46 billion, a P/E ratio of 25.
02, a P/E/G ratio of 2.06 and a beta of 1.63.
The business has a fifty day moving average of $8.24 and a two-hundred day moving average of $8.78.
DiamondRock Hospitality has a twelve month low of $6.85 and a twelve month high of $10.00.
DiamondRock Hospitality Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a $0.08 dividend.
The ex-dividend date of this dividend is Friday, March 28th. This is an increase from DiamondRock Hospitality’s previous quarterly dividend of $0.03.
This represents a $0.32 dividend on an annualized basis and a yield of 4.57%.
DiamondRock Hospitality’s payout ratio is currently 188.24%. DiamondRock Hospitality Company 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. See Also Five stocks we like better than DiamondRock Hospitality How to Calculate Inflation Rate Conagra Stock Could Thrive as Tariffs Hit Other Sectors Best Aerospace Stocks Investing Grocery Costs and Tariffs Now Top of Mind in Everyday Conversations, New Survey Finds Where to Find Earnings Call Transcripts Spotify Stock Eyes Double-Digit Upside—Is Now the Time to Buy? 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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