94,910 Shares in DiamondRock Hospitality (NYSE:DRH) Bought by Entropy Technologies LP

Entropy Technologies LP bought a new stake in DiamondRock Hospitality (NYSE:DRH - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 94,910 shares of the real estate investment trust's stock, valued at approximately $857,000.

A number of other large investors have also modified their holdings of DRH. Mirae Asset Global Investments Co. Ltd. lifted its holdings in DiamondRock Hospitality by 35.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,153 shares of the real estate investment trust's stock valued at $73,000 after acquiring an additional 2,116 shares during the period. Harbor Capital Advisors Inc. purchased a new stake in DiamondRock Hospitality in the 3rd quarter valued at $74,000. KBC Group NV grew its holdings in shares of DiamondRock Hospitality by 55.9% during the 4th quarter. KBC Group NV now owns 10,436 shares of the real estate investment trust's stock worth $94,000 after purchasing an additional 3,744 shares during the period. SG Americas Securities LLC acquired a new position in DiamondRock Hospitality during the 3rd quarter worth about $100,000. Finally, GSA Capital Partners LLP acquired a new position in DiamondRock Hospitality during the 3rd quarter worth about $126,000.

Analyst Upgrades and Downgrades

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

DiamondRock Hospitality Stock Up 0.5 %

Shares of DiamondRock Hospitality stock traded up $0.05 during midday trading on Friday, hitting $8.59. The company's stock had a trading volume of 1,144,423 shares, compared to its average volume of 1,435,823. The firm has a market capitalization of $1.78 billion, a P/E ratio of 30.66, a PEG ratio of 4.88 and a beta of 1.57. The stock has a 50-day simple moving average of $9.02 and a 200-day simple moving average of $8.85. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.66. DiamondRock Hospitality has a 1-year low of $7.74 and a 1-year high of $10.00.

DiamondRock Hospitality Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 14.91%. This is a positive change from DiamondRock Hospitality's previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 31st. DiamondRock Hospitality's payout ratio 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.