LSV Asset Management Takes $1.91 Million Position in DiamondRock Hospitality (NYSE:DRH)

LSV Asset Management bought a new stake in DiamondRock Hospitality (NYSE:DRH - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 211,609 shares of the real estate investment trust's stock, valued at approximately $1,911,000. LSV Asset Management owned about 0.10% of DiamondRock Hospitality at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. State Street Corp boosted its position in DiamondRock Hospitality by 1.8% during the 3rd quarter. State Street Corp now owns 12,535,384 shares of the real estate investment trust's stock worth $109,806,000 after buying an additional 221,219 shares during the period. Jane Street Group LLC raised its stake in shares of DiamondRock Hospitality by 73.0% during the third quarter. Jane Street Group LLC now owns 302,757 shares of the real estate investment trust's stock valued at $2,643,000 after acquiring an additional 127,717 shares during the last quarter. Orion Portfolio Solutions LLC lifted its holdings in shares of DiamondRock Hospitality by 1.6% during the third quarter. Orion Portfolio Solutions LLC now owns 104,965 shares of the real estate investment trust's stock worth $916,000 after purchasing an additional 1,652 shares during the period. Barclays PLC grew its stake in shares of DiamondRock Hospitality by 37.6% in 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 during the last quarter. Finally, Geode Capital Management LLC increased 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 valued at $46,716,000 after purchasing an additional 28,391 shares during the period.

DiamondRock Hospitality Trading Up 2.1 %

Shares of DiamondRock Hospitality stock traded up $0.15 on Friday, hitting $6.97. 2,020,989 shares of the company's stock traded hands, compared to its average volume of 2,165,928. The company has a fifty day moving average of $7.80 and a two-hundred day moving average of $8.61. DiamondRock Hospitality has a one year low of $6.19 and a one year high of $10.00. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 24.88, a price-to-earnings-growth ratio of 2.06 and a beta of 1.38. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a dividend of $0.08 per share. This is an increase from DiamondRock Hospitality's previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.32 annualized dividend and a dividend yield of 4.59%. DiamondRock Hospitality's dividend payout ratio (DPR) is 188.24%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Stifel Nicolaus reduced their price target on DiamondRock Hospitality from $9.75 to $8.00 and set a "hold" rating on the stock in a research report on Wednesday. Wells Fargo & Company cut their price objective on DiamondRock Hospitality from $10.50 to $9.50 and set an "equal weight" rating on the stock in a research note on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $9.60.

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.