Swiss National Bank Has $3.68 Million Holdings in DiamondRock Hospitality (NYSE:DRH)

Swiss National Bank decreased its holdings in DiamondRock Hospitality (NYSE:DRH) by 0.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 407,700 shares of the real estate investment trust’s stock after selling 2,300 shares during the quarter. Swiss National Bank’s holdings in DiamondRock Hospitality were worth $3,682,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of DRH. Orion Portfolio Solutions LLC grew its holdings in shares of DiamondRock Hospitality by 1.6% during the 3rd 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 in the last quarter. Vert Asset Management LLC increased its holdings in DiamondRock Hospitality by 2.1% in the 4th quarter. Vert Asset Management LLC now owns 82,570 shares of the real estate investment trust’s stock valued at $746,000 after buying an additional 1,729 shares during the period. Metis Global Partners LLC raised its position in shares of DiamondRock Hospitality by 11.4% in the 4th quarter. Metis Global Partners LLC now owns 23,773 shares of the real estate investment trust’s stock valued at $215,000 after buying an additional 2,427 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of DiamondRock Hospitality by 3.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 68,728 shares of the real estate investment trust’s stock worth $600,000 after acquiring an additional 2,598 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in shares of DiamondRock Hospitality by 8.4% in the 4th quarter. Van ECK Associates Corp now owns 39,187 shares of the real estate investment trust’s stock valued at $354,000 after purchasing an additional 3,027 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company dropped their target price on shares of DiamondRock Hospitality from $10.50 to $9.50 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $10.05.

DiamondRock Hospitality Price Performance

Shares of DRH opened at $7.89 on Wednesday. The business has a 50-day simple moving average of $8.45 and a two-hundred day simple moving average of $8.83. DiamondRock Hospitality has a 12-month low of $7.65 and a 12-month high of $10.00. The stock has a market cap of $1.64 billion, a PE ratio of 28.18, a PEG ratio of 2.06 and a beta of 1.63. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date is Friday, March 28th. This is a positive change from DiamondRock Hospitality’s previous quarterly dividend of $0.03. DiamondRock Hospitality’s dividend payout ratio (DPR) is 188.24%.

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.