Holocene Advisors LP Invests $568,000 in DiamondRock Hospitality (NYSE:DRH)

Holocene Advisors LP acquired a new stake in DiamondRock Hospitality (NYSE:DRH - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 65,012 shares of the real estate investment trust's stock, valued at approximately $568,000.

Several other hedge funds have also made changes to their positions in the business. MQS Management LLC acquired a new stake in shares of DiamondRock Hospitality in the second quarter valued at approximately $480,000. Millennium Management LLC bought a new stake in shares of DiamondRock Hospitality during the 2nd quarter worth about $15,118,000. Intech Investment Management LLC raised its holdings in shares of DiamondRock Hospitality by 199.2% during the third quarter. Intech Investment Management LLC now owns 82,739 shares of the real estate investment trust's stock valued at $722,000 after acquiring an additional 55,086 shares during the period. Louisiana State Employees Retirement System raised its holdings in shares of DiamondRock Hospitality by 1.8% during the second quarter. Louisiana State Employees Retirement System now owns 105,700 shares of the real estate investment trust's stock valued at $893,000 after acquiring an additional 1,900 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in DiamondRock Hospitality by 2.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,475,664 shares of the real estate investment trust's stock valued at $39,073,000 after purchasing an additional 103,209 shares in the last quarter.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Truist Financial dropped their price objective on shares of DiamondRock Hospitality from $11.00 to $10.00 and set a "hold" rating for the company in a research note on Wednesday, September 4th. Stifel Nicolaus cut shares of DiamondRock Hospitality from a "buy" rating to a "hold" rating and cut their price objective for the stock from $10.75 to $10.25 in a research report on Friday, November 22nd. 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. Evercore ISI lowered DiamondRock Hospitality from an "outperform" rating to an "inline" rating and set a $10.50 price objective for the company. in a report on Friday, November 15th. Finally, StockNews.com upgraded DiamondRock Hospitality from a "sell" rating to a "hold" rating in a research report on Tuesday, November 12th. Four investment 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, DiamondRock Hospitality has a consensus rating of "Hold" and a consensus target price of $10.13.

DiamondRock Hospitality Trading Up 0.1 %

Shares of DiamondRock Hospitality stock traded up $0.01 during trading hours on Friday, reaching $9.58. 1,703,498 shares of the company's stock were exchanged, compared to its average volume of 2,321,833. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.66. The company has a fifty day moving average of $9.02 and a 200-day moving average of $8.62. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 34.21, a price-to-earnings-growth ratio of 5.59 and a beta of 1.60. DiamondRock Hospitality has a 52-week low of $7.74 and a 52-week high of $10.00.

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.