Amundi Has $1.96 Million Stock Holdings in DiamondRock Hospitality (NYSE:DRH)

Amundi lifted its stake in shares of DiamondRock Hospitality (NYSE:DRH) by 44.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 222,965 shares of the real estate investment trust’s stock after buying an additional 68,100 shares during the period. Amundi’s holdings in DiamondRock Hospitality were worth $1,960,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its stake in DiamondRock Hospitality by 278.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 9,769 shares of the real estate investment trust’s stock worth $89,000 after buying an additional 7,189 shares in the last quarter. KBC Group NV lifted its holdings in shares of DiamondRock Hospitality by 55.9% during the 4th quarter. KBC Group NV now owns 10,436 shares of the real estate investment trust’s stock worth $94,000 after acquiring an additional 3,744 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of DiamondRock Hospitality during the 3rd quarter worth approximately $126,000. Choreo LLC increased its stake in shares of DiamondRock Hospitality by 55.1% in the 4th quarter. Choreo LLC now owns 15,553 shares of the real estate investment trust’s stock valued at $142,000 after purchasing an additional 5,523 shares during the last quarter. Finally, Metis Global Partners LLC grew its position in DiamondRock Hospitality by 29.6% in the third quarter. Metis Global Partners LLC now owns 21,346 shares of the real estate investment trust’s stock valued at $186,000 after acquiring an additional 4,878 shares during the last quarter.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Stifel Nicolaus downgraded 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, November 22nd. Wells Fargo & Company dropped their price target on DiamondRock Hospitality from $10.50 to $9.50 and set an “equal weight” rating for the company in a research note on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, DiamondRock Hospitality presently has an average rating of “Hold” and a consensus price target of $10.05.

DiamondRock Hospitality Trading Up 1.8 %

Shares of NYSE DRH opened at $8.04 on Tuesday. The firm has a 50 day moving average price of $8.55 and a two-hundred day moving average price of $8.85. The stock has a market cap of $1.67 billion, a P/E ratio of 28.70, a price-to-earnings-growth ratio of 2.06 and a beta of 1.63. DiamondRock Hospitality has a 52-week low of $7.69 and a 52-week high of $10.00. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.73 and a current ratio of 1.73.

DiamondRock Hospitality Increases Dividend

The business 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 3.98%. This is an increase from DiamondRock Hospitality’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Friday, March 28th. DiamondRock Hospitality’s dividend payout ratio is presently 188.24%.

About DiamondRock Hospitality

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.