Strs Ohio Has $3.45 Million Position in Diamondrock Hospitality Company (DRH)

Strs Ohio cut its position in Diamondrock Hospitality Company (NYSE:DRH) by 13.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 315,393 shares of the real estate investment trust’s stock after selling 48,277 shares during the period. Strs Ohio owned approximately 0.16% of Diamondrock Hospitality worth $3,453,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Diamondrock Hospitality by 2.8% in the first quarter. Vanguard Group Inc. now owns 33,172,615 shares of the real estate investment trust’s stock worth $369,874,000 after buying an additional 895,263 shares during the period. BlackRock Inc. boosted its stake in Diamondrock Hospitality by 4,611.0% in the first quarter. BlackRock Inc. now owns 31,087,897 shares of the real estate investment trust’s stock worth $346,632,000 after buying an additional 30,427,991 shares during the period. State Street Corp boosted its stake in Diamondrock Hospitality by 2.2% in the first quarter. State Street Corp now owns 7,710,081 shares of the real estate investment trust’s stock worth $85,967,000 after buying an additional 165,675 shares during the period. Resolution Capital Ltd boosted its stake in Diamondrock Hospitality by 7.8% in the first quarter. Resolution Capital Ltd now owns 6,547,808 shares of the real estate investment trust’s stock worth $73,008,000 after buying an additional 471,562 shares during the period. Finally, Prudential Financial Inc. boosted its stake in Diamondrock Hospitality by 18.4% in the first quarter. Prudential Financial Inc. now owns 5,138,431 shares of the real estate investment trust’s stock worth $57,293,000 after buying an additional 796,996 shares during the period.

Diamondrock Hospitality Company (NYSE:DRH) traded down 2.19% during mid-day trading on Friday, hitting $10.74. 3,309,180 shares of the stock traded hands. The firm has a market cap of $2.15 billion, a P/E ratio of 21.74 and a beta of 1.38. Diamondrock Hospitality Company has a 52 week low of $8.73 and a 52 week high of $12.07. The firm’s 50-day moving average price is $11.41 and its 200-day moving average price is $11.21.

Diamondrock Hospitality (NYSE:DRH) last released its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.01. The business had revenue of $243.30 million during the quarter, compared to analysts’ expectations of $240.73 million. Diamondrock Hospitality had a net margin of 11.47% and a return on equity of 5.41%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.31 EPS. On average, equities analysts forecast that Diamondrock Hospitality Company will post $0.46 earnings per share for the current fiscal year.

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DRH has been the subject of a number of recent analyst reports. Canaccord Genuity restated a “buy” rating and set a $13.00 price target on shares of Diamondrock Hospitality in a report on Monday, May 15th. Stifel Nicolaus upgraded shares of Diamondrock Hospitality from a “hold” rating to a “buy” rating and increased their target price for the company from $11.50 to $11.75 in a research note on Monday, May 15th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Diamondrock Hospitality from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Friday, May 12th. Finally, BidaskClub upgraded shares of Diamondrock Hospitality from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $11.56.

In related news, Director Maureen L. Mcavey sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $11.20, for a total transaction of $67,200.00. Following the completion of the transaction, the director now directly owns 81,030 shares in the company, valued at approximately $907,536. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is owned by corporate insiders.

About Diamondrock Hospitality

DiamondRock Hospitality Company is a real estate investment trust (REIT). As of December 31, 2016, the Company owned a portfolio of 26 hotels and resorts that contains 9,472 guest rooms located in 17 different markets in North America and the United States Virgin Islands. Its business is to acquire, own, asset manage and renovate hotel properties in the United States.

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

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