State of Alaska Department of Revenue Has $1.24 Million Position in DiamondRock Hospitality (DRH)

State of Alaska Department of Revenue boosted its stake in shares of DiamondRock Hospitality (NYSE:DRH) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 137,064 shares of the real estate investment trust’s stock after buying an additional 1,518 shares during the period. State of Alaska Department of Revenue’s holdings in DiamondRock Hospitality were worth $1,243,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. BlackRock Inc. increased its position in DiamondRock Hospitality by 5.1% during the 3rd quarter. BlackRock Inc. now owns 38,399,285 shares of the real estate investment trust’s stock valued at $448,119,000 after buying an additional 1,856,388 shares in the last quarter. Vanguard Group Inc. increased its position in DiamondRock Hospitality by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 31,517,952 shares of the real estate investment trust’s stock valued at $367,814,000 after buying an additional 703,803 shares in the last quarter. Vanguard Group Inc increased its position in DiamondRock Hospitality by 2.3% during the 3rd quarter. Vanguard Group Inc now owns 31,517,952 shares of the real estate investment trust’s stock valued at $367,814,000 after buying an additional 703,803 shares in the last quarter. Northern Trust Corp increased its position in DiamondRock Hospitality by 2.6% during the 2nd quarter. Northern Trust Corp now owns 7,090,141 shares of the real estate investment trust’s stock valued at $87,068,000 after buying an additional 177,626 shares in the last quarter. Finally, LSV Asset Management increased its position in DiamondRock Hospitality by 12.7% during the 3rd quarter. LSV Asset Management now owns 4,636,615 shares of the real estate investment trust’s stock valued at $54,109,000 after buying an additional 521,394 shares in the last quarter.

DRH has been the subject of a number of analyst reports. Zacks Investment Research raised DiamondRock Hospitality from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Monday, October 15th. Wells Fargo & Co lowered DiamondRock Hospitality from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $14.00 to $11.00 in a report on Wednesday, October 31st. ValuEngine lowered DiamondRock Hospitality from a “hold” rating to a “sell” rating in a report on Tuesday, November 6th. TheStreet lowered DiamondRock Hospitality from a “b-” rating to a “c” rating in a report on Tuesday, November 6th. Finally, Barclays lowered DiamondRock Hospitality from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $13.00 to $11.00 in a report on Tuesday, December 18th. Five analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $10.41.

DRH stock opened at $10.06 on Friday. The firm has a market capitalization of $2.09 billion, a PE ratio of 9.96, a PEG ratio of 2.81 and a beta of 1.39. DiamondRock Hospitality has a 1 year low of $8.69 and a 1 year high of $12.99. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 0.49.

DiamondRock Hospitality (NYSE:DRH) last released its quarterly earnings results on Monday, November 5th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.12). The firm had revenue of $220.81 million during the quarter, compared to analysts’ expectations of $227.40 million. DiamondRock Hospitality had a return on equity of 4.74% and a net margin of 10.45%. The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the business earned $0.25 earnings per share. On average, equities research analysts expect that DiamondRock Hospitality will post 1.01 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, January 14th. Stockholders of record on Friday, January 4th were paid a $0.125 dividend. The ex-dividend date was Thursday, January 3rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.97%. DiamondRock Hospitality’s dividend payout ratio (DPR) is currently 50.00%.

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DiamondRock Hospitality Profile

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 top gateway markets and destination resort locations. The Company owns 30 premium quality hotels with over 9,900 rooms. The Company has strategically positioned its hotels to be operated both under leading global brand families such as Hilton and Marriott as well as unique boutique hotels in the lifestyle segment.

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Institutional Ownership by Quarter for DiamondRock Hospitality (NYSE:DRH)

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