14,449 Shares in DiamondRock Hospitality (NYSE:DRH) Bought by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new stake in DiamondRock Hospitality (NYSE:DRH) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 14,449 shares of the real estate investment trust’s stock, valued at approximately $126,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Millennium Management LLC acquired a new position in shares of DiamondRock Hospitality in the second quarter worth approximately $15,118,000. Thrivent Financial for Lutherans boosted its stake in shares of DiamondRock Hospitality by 161.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 475,900 shares of the real estate investment trust’s stock valued at $4,021,000 after purchasing an additional 294,044 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of DiamondRock Hospitality during the second quarter worth $1,271,000. Dimensional Fund Advisors LP raised its stake in DiamondRock Hospitality by 4.0% during the second quarter. Dimensional Fund Advisors LP now owns 3,102,363 shares of the real estate investment trust’s stock worth $26,214,000 after buying an additional 120,228 shares during the last quarter. Finally, Wolverine Asset Management LLC raised its stake in DiamondRock Hospitality by 147.0% during the second quarter. Wolverine Asset Management LLC now owns 165,030 shares of the real estate investment trust’s stock worth $1,395,000 after buying an additional 98,209 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages have weighed in on DRH. Compass Point upgraded DiamondRock Hospitality from a “neutral” rating to a “buy” rating and set a $10.00 price target for the company in a report on Monday, August 5th. StockNews.com upgraded DiamondRock Hospitality from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Stifel Nicolaus cut DiamondRock Hospitality from a “buy” rating to a “hold” rating and cut their price target for the stock from $10.75 to $10.25 in a report on Friday. Wells Fargo & Company reduced their price objective on shares of DiamondRock Hospitality from $9.50 to $9.00 and set an “equal weight” rating for the company in a research report on Friday, September 13th. Finally, Truist Financial dropped their target price on shares of DiamondRock Hospitality from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $10.13.

DiamondRock Hospitality Trading Up 2.1 %

Shares of DiamondRock Hospitality stock opened at $9.35 on Tuesday. The stock has a market capitalization of $1.94 billion, a PE ratio of 33.18, a price-to-earnings-growth ratio of 5.56 and a beta of 1.60. DiamondRock Hospitality has a 52 week low of $7.74 and a 52 week high of $9.99. The stock has a 50 day moving average price of $8.92 and a two-hundred day moving average price of $8.55. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were paid a dividend of $0.03 per share. The ex-dividend date was Monday, September 30th. This represents a $0.12 dividend on an annualized basis and a yield of 1.28%. DiamondRock Hospitality’s dividend payout ratio (DPR) is presently 42.86%.

DiamondRock Hospitality Company 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 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.