Today, Pensionfund DSM Netherlands Invests $1,347,000 in DiamondRock Hospitality Co. (DRH)

Today, Pensionfund DSM Netherlands Invests $1,347,000 in DiamondRock Hospitality Co. (DRH)
Pensionfund DSM Netherlands bought a new position in shares of DiamondRock Hospitality Co. (NYSE:DRH) during the third quarter, Holdings Channel reports. The institutional investor bought 148,000 shares of the real estate investment trust’s stock, valued at approximately $1,347,000. Pensionfund DSM Netherlands owned 0.07% of DiamondRock Hospitality as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. US Bancorp DE increased its stake in DiamondRock Hospitality by 1.1% in the second quarter. US Bancorp DE now owns 19,584 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 217 shares during the period. Nisa Investment Advisors LLC increased its stake in DiamondRock Hospitality by 0.5% in the second quarter. Nisa Investment Advisors LLC now owns 104,549 shares of the real estate investment trust’s stock valued at $944,000 after buying an additional 550 shares during the period. Utah Retirement Systems increased its stake in DiamondRock Hospitality by 4.3% in the second quarter. Utah Retirement Systems now owns 14,563 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 600 shares during the period. Boothbay Fund Management LLC increased its stake in DiamondRock Hospitality by 6.1% in the first quarter. Boothbay Fund Management LLC now owns 10,983 shares of the real estate investment trust’s stock valued at $111,000 after buying an additional 636 shares during the period. Finally, Genesee Valley Trust Co. increased its stake in DiamondRock Hospitality by 7.3% in the second quarter. Genesee Valley Trust Co. now owns 11,102 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 755 shares during the period.

DiamondRock Hospitality Co. (NYSE:DRH) traded up 1.07% during trading on Friday, reaching $10.36. The company’s stock had a trading volume of 856,645 shares. The stock has a market cap of $2.08 billion, a P/E ratio of 17.86 and a beta of 1.25. The firm’s 50-day moving average is $9.49 and its 200-day moving average is $9.50. DiamondRock Hospitality Co. has a 52-week low of $7.28 and a 52-week high of $11.28.

DiamondRock Hospitality (NYSE:DRH) last released its earnings results on Wednesday, November 9th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The business had revenue of $220.24 million for the quarter, compared to the consensus estimate of $225.08 million. DiamondRock Hospitality had a return on equity of 6.37% and a net margin of 12.62%. DiamondRock Hospitality’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.26 earnings per share. Equities research analysts forecast that DiamondRock Hospitality Co. will post $1.01 EPS for the current year.

Several research firms have recently issued reports on DRH. Barclays PLC set a $11.00 price target on DiamondRock Hospitality and gave the stock a “buy” rating in a research note on Thursday, November 10th. Canaccord Genuity reiterated a “buy” rating and set a $12.00 price target on shares of DiamondRock Hospitality in a research note on Wednesday, November 9th. Citigroup Inc. upped their price target on DiamondRock Hospitality from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 5th. Morgan Stanley downgraded DiamondRock Hospitality from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $10.00 to $8.00 in a research note on Monday, September 26th. Finally, Zacks Investment Research upgraded DiamondRock Hospitality from a “sell” rating to a “hold” rating in a research note on Tuesday, September 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $10.60.

DiamondRock Hospitality Company Profile

DiamondRock Hospitality Company is a lodging-focused Maryland corporation operating as a real estate investment trust (REIT). The Company owns a portfolio of approximately 30 hotels and resorts throughout North America and the United States Virgin Islands that consists of over 10,925 guest rooms. Its primary business is to acquire, own, asset manage and renovate full-service hotel properties in the United States.

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