DiamondRock Hospitality (DRH) Shares Sold by RMR Advisors LLC

RMR Advisors LLC lowered its stake in DiamondRock Hospitality (NYSE:DRH) by 36.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,603 shares of the real estate investment trust’s stock after selling 35,000 shares during the period. RMR Advisors LLC’s holdings in DiamondRock Hospitality were worth $656,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DRH. Wells Fargo & Company MN grew its position in DiamondRock Hospitality by 5.0% in the third quarter. Wells Fargo & Company MN now owns 351,814 shares of the real estate investment trust’s stock worth $4,105,000 after acquiring an additional 16,609 shares in the last quarter. Bank of New York Mellon Corp grew its position in DiamondRock Hospitality by 3.9% in the third quarter. Bank of New York Mellon Corp now owns 3,215,605 shares of the real estate investment trust’s stock worth $37,526,000 after acquiring an additional 120,150 shares in the last quarter. Dimensional Fund Advisors LP grew its position in DiamondRock Hospitality by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 3,258,876 shares of the real estate investment trust’s stock worth $38,031,000 after acquiring an additional 11,552 shares in the last quarter. Standard Life Aberdeen plc grew its position in DiamondRock Hospitality by 48.4% in the third quarter. Standard Life Aberdeen plc now owns 833,349 shares of the real estate investment trust’s stock worth $9,721,000 after acquiring an additional 271,629 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in DiamondRock Hospitality by 5.9% in the third quarter. JPMorgan Chase & Co. now owns 3,997,125 shares of the real estate investment trust’s stock worth $46,647,000 after acquiring an additional 222,009 shares in the last quarter.

NYSE DRH traded down $0.04 during trading on Wednesday, hitting $10.77. The stock had a trading volume of 11,450 shares, compared to its average volume of 1,883,932. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.44 and a quick ratio of 1.44. The company has a market cap of $2.19 billion, a P/E ratio of 10.55, a PEG ratio of 2.15 and a beta of 1.46. DiamondRock Hospitality has a one year low of $8.69 and a one year high of $12.99.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 4.64%. The ex-dividend date was Thursday, March 28th. DiamondRock Hospitality’s payout ratio is currently 49.02%.

DRH has been the subject of several recent research reports. Goldman Sachs Group lowered DiamondRock Hospitality from a “neutral” rating to a “sell” rating and set a $8.00 price target for the company. in a research report on Thursday, January 10th. KeyCorp lowered DiamondRock Hospitality from a “sector weight” rating to an “underweight” rating and set a $8.00 price target for the company. in a research report on Friday, January 25th. ValuEngine raised shares of DiamondRock Hospitality from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Raymond James downgraded shares of DiamondRock Hospitality from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 8th. Finally, Zacks Investment Research downgraded shares of DiamondRock Hospitality from a “hold” rating to a “sell” rating in a research note on Monday. Six investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $10.53.

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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 top gateway markets and destination resort locations. The Company owns 31 premium quality hotels with over 10,000 rooms. The Company has strategically positioned its hotels to be operated both under leading global brand families such as Hilton and Marriott as well as unique boutique hotels in the lifestyle segment.

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Institutional Ownership by Quarter for DiamondRock Hospitality (NYSE:DRH)

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