UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in DiamondRock Hospitality (NYSE:DRH - Free Report) by 326.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,235,728 shares of the real estate investment trust's stock after acquiring an additional 946,073 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.60% of DiamondRock Hospitality worth $10,788,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of DRH. Evergreen Capital Management LLC increased its position in DiamondRock Hospitality by 14.4% in the second quarter. Evergreen Capital Management LLC now owns 14,372 shares of the real estate investment trust's stock worth $122,000 after purchasing an additional 1,810 shares during the period. Louisiana State Employees Retirement System raised its stake 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 worth $893,000 after buying an additional 1,900 shares during the last quarter. Van ECK Associates Corp lifted its holdings in DiamondRock Hospitality by 6.7% in the second quarter. Van ECK Associates Corp now owns 32,191 shares of the real estate investment trust's stock valued at $272,000 after buying an additional 2,028 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake 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 last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in shares of DiamondRock Hospitality by 3.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 68,728 shares of the real estate investment trust's stock valued at $600,000 after purchasing an additional 2,598 shares during the period.
DiamondRock Hospitality Stock Up 0.1 %
Shares of DRH stock traded up $0.01 on Friday, hitting $9.58. 1,703,498 shares of the 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 firm has a market capitalization of $1.99 billion, a P/E ratio of 34.21, a price-to-earnings-growth ratio of 5.59 and a beta of 1.60. DiamondRock Hospitality has a fifty-two week low of $7.74 and a fifty-two week high of $10.00. The business has a 50-day moving average of $9.02 and a 200 day moving average of $8.61.
Analysts Set New Price Targets
Several equities analysts have weighed in on the company. Evercore ISI lowered DiamondRock Hospitality from an "outperform" rating to an "inline" rating and set a $10.50 target price on the stock. in a research note on Friday, November 15th. StockNews.com upgraded shares of DiamondRock Hospitality from a "sell" rating to a "hold" rating in a research report on Tuesday, November 12th. Wells Fargo & Company cut their target price on shares of DiamondRock Hospitality from $9.50 to $9.00 and set an "equal weight" rating on the stock in a report on Friday, September 13th. Stifel Nicolaus lowered 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 report on Friday, November 22nd. Finally, Truist Financial dropped their price objective on DiamondRock Hospitality from $11.00 to $10.00 and set a "hold" rating on the stock in a research note on Wednesday, September 4th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $10.13.
Read Our Latest Stock Report on DRH
DiamondRock Hospitality Company Profile
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Free Report)
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.
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