Mesirow Financial Investment Management Equity Management Sells 245,963 Shares of DiamondRock Hospitality (DRH)

Mesirow Financial Investment Management Equity Management cut its stake in shares of DiamondRock Hospitality (NYSE:DRH) by 16.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,220,412 shares of the real estate investment trust’s stock after selling 245,963 shares during the quarter. DiamondRock Hospitality makes up 1.5% of Mesirow Financial Investment Management Equity Management’s portfolio, making the stock its 15th largest holding. Mesirow Financial Investment Management Equity Management owned about 0.59% of DiamondRock Hospitality worth $11,081,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its position in shares of DiamondRock Hospitality by 1.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 104,999 shares of the real estate investment trust’s stock worth $953,000 after buying an additional 1,200 shares during the period. Xact Kapitalforvaltning AB boosted its position in shares of DiamondRock Hospitality by 4.1% during the fourth quarter. Xact Kapitalforvaltning AB now owns 32,650 shares of the real estate investment trust’s stock worth $296,000 after buying an additional 1,300 shares during the period. State of Alaska Department of Revenue boosted its position in shares of DiamondRock Hospitality by 1.1% during the fourth quarter. State of Alaska Department of Revenue now owns 137,064 shares of the real estate investment trust’s stock worth $1,243,000 after buying an additional 1,518 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of DiamondRock Hospitality by 3.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,854 shares of the real estate investment trust’s stock worth $498,000 after buying an additional 1,677 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in shares of DiamondRock Hospitality by 6.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 31,942 shares of the real estate investment trust’s stock worth $290,000 after buying an additional 1,800 shares during the period.

Several equities analysts have recently issued reports on the company. Goldman Sachs Group downgraded DiamondRock Hospitality from a “neutral” rating to a “sell” rating and set a $8.00 price objective for the company. in a research report on Thursday, January 10th. TheStreet downgraded DiamondRock Hospitality from a “b-” rating to a “c” rating in a research report on Tuesday, November 6th. Zacks Investment Research downgraded DiamondRock Hospitality from a “buy” rating to a “hold” rating in a research report on Thursday, October 25th. Raymond James downgraded DiamondRock Hospitality from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 8th. Finally, Barclays downgraded DiamondRock Hospitality from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $13.00 to $11.00 in a research report on Tuesday, December 18th. Five research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. DiamondRock Hospitality presently has a consensus rating of “Hold” and a consensus target price of $10.14.

DRH opened at $10.35 on Monday. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 10.35, a PEG ratio of 2.02 and a beta of 1.47. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.48 and a quick ratio of 2.48. DiamondRock Hospitality has a 1-year low of $8.69 and a 1-year high of $12.99.

The company also recently announced a quarterly dividend, which was paid on Monday, January 14th. Shareholders of record on Friday, January 4th were given a $0.125 dividend. The ex-dividend date was Thursday, January 3rd. This represents a $0.50 dividend on an annualized basis and a yield of 4.83%. DiamondRock Hospitality’s dividend payout ratio (DPR) is 50.00%.

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About DiamondRock Hospitality

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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