Choreo LLC Increases Stock Position in DiamondRock Hospitality (NYSE:DRH)

Choreo LLC boosted its holdings in shares of DiamondRock Hospitality (NYSE:DRH) by 55.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,553 shares of the real estate investment trust’s stock after buying an additional 5,523 shares during the quarter. Choreo LLC’s holdings in DiamondRock Hospitality were worth $142,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of DRH. abrdn plc boosted its position in DiamondRock Hospitality by 53.5% during the 4th quarter. abrdn plc now owns 69,071 shares of the real estate investment trust’s stock valued at $633,000 after acquiring an additional 24,070 shares in the last quarter. Vert Asset Management LLC boosted its position in DiamondRock Hospitality by 2.1% during the fourth quarter. Vert Asset Management LLC now owns 82,570 shares of the real estate investment trust’s stock valued at $746,000 after purchasing an additional 1,729 shares in the last quarter. KBC Group NV lifted its position in shares of DiamondRock Hospitality by 55.9% during the fourth quarter. KBC Group NV now owns 10,436 shares of the real estate investment trust’s stock valued at $94,000 after buying an additional 3,744 shares during the last quarter. Geode Capital Management LLC grew its holdings in DiamondRock Hospitality by 0.5% in the third quarter. Geode Capital Management LLC now owns 5,350,283 shares of the real estate investment trust’s stock worth $46,716,000 after purchasing an additional 28,391 shares during the last quarter. Finally, Barclays PLC increased its position in shares of DiamondRock Hospitality by 37.6% during the third quarter. Barclays PLC now owns 368,616 shares of the real estate investment trust’s stock worth $3,219,000 after purchasing an additional 100,805 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on DRH shares. Evercore ISI downgraded DiamondRock Hospitality from an “outperform” rating to an “inline” rating and set a $10.50 target price on the stock. in a research note on Friday, November 15th. Wells Fargo & Company upped their price objective on shares of DiamondRock Hospitality from $10.00 to $10.50 and gave the company an “equal weight” rating in a report on Monday, December 9th. StockNews.com upgraded shares of DiamondRock Hospitality from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Stifel Nicolaus lowered shares of DiamondRock Hospitality from a “buy” rating to a “hold” rating and cut their price target for the company from $10.75 to $10.25 in a research note on Friday, November 22nd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $10.25.

DiamondRock Hospitality Trading Up 0.5 %

Shares of DiamondRock Hospitality stock opened at $8.59 on Friday. The firm has a fifty day moving average price of $9.02 and a 200 day moving average price of $8.85. The stock has a market cap of $1.78 billion, a PE ratio of 30.66, a price-to-earnings-growth ratio of 4.88 and a beta of 1.57. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.73 and a quick ratio of 1.73. DiamondRock Hospitality has a 1 year low of $7.74 and a 1 year high of $10.00.

DiamondRock Hospitality Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a dividend of $0.32 per share. This is a boost from DiamondRock Hospitality’s previous quarterly dividend of $0.03. This represents a $1.28 annualized dividend and a yield of 14.91%. The ex-dividend date of this dividend was Tuesday, December 31st. DiamondRock Hospitality’s dividend payout ratio (DPR) is currently 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.