518,688 Shares in DiamondRock Hospitality (NYSE:DRH) Bought by Lightrock Netherlands B.V.

Lightrock Netherlands B.V. purchased a new stake in shares of DiamondRock Hospitality (NYSE:DRH - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 518,688 shares of the real estate investment trust's stock, valued at approximately $4,707,000. Lightrock Netherlands B.V. owned about 0.25% of DiamondRock Hospitality at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of DRH. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of DiamondRock Hospitality by 35.1% during 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 purchasing an additional 2,116 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of DiamondRock Hospitality during the third quarter valued at approximately $74,000. KBC Group NV grew its stake 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 purchasing an additional 3,744 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of DiamondRock Hospitality during the third quarter valued at approximately $100,000. Finally, GSA Capital Partners LLP bought a new stake in shares of DiamondRock Hospitality during the third quarter valued at approximately $126,000.

DiamondRock Hospitality Trading Up 0.5 %

DRH traded up $0.05 during mid-day trading on Friday, hitting $8.59. The stock had a trading volume of 1,144,423 shares, compared to its average volume of 1,514,734. The stock's fifty day simple moving average is $9.04 and its 200-day simple moving average is $8.84. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.73 and a quick ratio of 1.73. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 30.66, a price-to-earnings-growth ratio of 4.88 and a beta of 1.57. 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 announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a $0.32 dividend. The ex-dividend date was Tuesday, December 31st. This is a positive change from DiamondRock Hospitality's previous quarterly dividend of $0.03. This represents a $1.28 annualized dividend and a yield of 14.91%. DiamondRock Hospitality's dividend payout ratio (DPR) is 42.86%.

Analyst Ratings Changes

DRH has been the topic of several research analyst reports. Stifel Nicolaus cut shares of DiamondRock Hospitality from a "buy" rating to a "hold" rating and decreased their price target for the company from $10.75 to $10.25 in a research note on Friday, November 22nd. Evercore ISI cut shares of DiamondRock Hospitality from an "outperform" rating to an "inline" rating and set a $10.50 price objective on the stock. in a research note on Friday, November 15th. Wells Fargo & Company raised their price objective on shares of 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 raised shares of 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 issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $10.25.

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.