GSA Capital Partners LLP Buys New Shares in DiamondRock Hospitality (NYSE:DRH)

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

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. O Shaughnessy Asset Management LLC grew its position in shares of DiamondRock Hospitality by 32.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 17,119 shares of the real estate investment trust’s stock valued at $165,000 after purchasing an additional 4,240 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in DiamondRock Hospitality by 5.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 439,584 shares of the real estate investment trust’s stock valued at $4,216,000 after buying an additional 21,682 shares in the last quarter. BOKF NA increased its position in DiamondRock Hospitality by 83.8% during the 1st quarter. BOKF NA now owns 15,179 shares of the real estate investment trust’s stock worth $145,000 after buying an additional 6,920 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of DiamondRock Hospitality by 8.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 301,702 shares of the real estate investment trust’s stock valued at $2,900,000 after acquiring an additional 24,761 shares in the last quarter. Finally, Vanderbilt University bought a new position in DiamondRock Hospitality during the second quarter worth about $233,000.

Analyst Upgrades and Downgrades

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

DiamondRock Hospitality Stock Up 2.1 %

Shares of NYSE DRH opened at $9.35 on Tuesday. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 33.18, a PEG ratio of 5.56 and a beta of 1.60. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.66. DiamondRock Hospitality has a 12 month low of $7.74 and a 12 month 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.

DiamondRock Hospitality Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Monday, September 30th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.28%. The ex-dividend date was Monday, September 30th. DiamondRock Hospitality’s payout ratio is 42.86%.

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 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.