Thrivent Financial for Lutherans Has $3.32 Million Stock Position in DiamondRock Hospitality (NYSE:DRH)

Thrivent Financial for Lutherans lessened its stake in shares of DiamondRock Hospitality (NYSE:DRH - Free Report) by 20.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 380,418 shares of the real estate investment trust's stock after selling 95,482 shares during the quarter. Thrivent Financial for Lutherans owned 0.18% of DiamondRock Hospitality worth $3,321,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in DRH. O Shaughnessy Asset Management LLC lifted its stake in DiamondRock Hospitality by 32.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 17,119 shares of the real estate investment trust's stock worth $165,000 after acquiring an additional 4,240 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in DiamondRock Hospitality by 5.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 439,584 shares of the real estate investment trust's stock worth $4,216,000 after buying an additional 21,682 shares during the last quarter. BOKF NA increased its position in DiamondRock Hospitality by 83.8% in the 1st quarter. BOKF NA now owns 15,179 shares of the real estate investment trust's stock valued at $145,000 after acquiring an additional 6,920 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of DiamondRock Hospitality by 8.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 301,702 shares of the real estate investment trust's stock valued at $2,900,000 after buying an additional 24,761 shares in the last quarter. Finally, Vanderbilt University purchased a new position in DiamondRock Hospitality during the 2nd quarter valued at about $233,000.

DiamondRock Hospitality Stock Down 1.5 %

Shares of NYSE:DRH traded down $0.14 on Tuesday, reaching $9.21. The company had a trading volume of 2,846,856 shares, compared to its average volume of 1,861,762. The stock has a 50-day moving average price of $8.94 and a 200 day moving average price of $8.56. 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 twelve month low of $7.74 and a twelve month high of $9.99. The stock has a market capitalization of $1.91 billion, a P/E ratio of 33.39, a P/E/G ratio of 5.56 and a beta of 1.60.

DiamondRock Hospitality Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were issued a $0.03 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.30%. DiamondRock Hospitality's payout ratio is presently 42.86%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on DRH shares. Compass Point upgraded DiamondRock Hospitality from a "neutral" rating to a "buy" rating and set a $10.00 target price for the company in a report on Monday, August 5th. StockNews.com upgraded shares of DiamondRock Hospitality from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. Wells Fargo & Company cut their target price on DiamondRock Hospitality from $9.50 to $9.00 and set an "equal weight" rating on the stock in a research note on Friday, September 13th. Stifel Nicolaus lowered shares of DiamondRock Hospitality from a "buy" rating to a "hold" rating and dropped their price objective for the company from $10.75 to $10.25 in a research note on Friday. Finally, Evercore ISI downgraded shares of 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. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, DiamondRock Hospitality currently has an average rating of "Hold" and a consensus price target of $10.13.

DiamondRock Hospitality Company 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.