65,012 Shares in DiamondRock Hospitality (NYSE:DRH) Purchased by Holocene Advisors LP

Holocene Advisors LP acquired a new stake in DiamondRock Hospitality (NYSE:DRH) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 65,012 shares of the real estate investment trust’s stock, valued at approximately $568,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DRH. Pzena Investment Management LLC raised its holdings in shares of DiamondRock Hospitality by 3.6% during the third quarter. Pzena Investment Management LLC now owns 9,153,018 shares of the real estate investment trust’s stock valued at $79,906,000 after buying an additional 317,901 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in DiamondRock Hospitality by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,475,664 shares of the real estate investment trust’s stock valued at $39,073,000 after acquiring an additional 103,209 shares during the period. Dimensional Fund Advisors LP raised its stake in DiamondRock Hospitality by 4.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,102,363 shares of the real estate investment trust’s stock valued at $26,214,000 after acquiring an additional 120,228 shares in the last quarter. Victory Capital Management Inc. raised its stake in DiamondRock Hospitality by 0.9% during the 3rd quarter. Victory Capital Management Inc. now owns 2,642,787 shares of the real estate investment trust’s stock valued at $23,072,000 after acquiring an additional 24,249 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in DiamondRock Hospitality by 1.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,081,031 shares of the real estate investment trust’s stock worth $17,585,000 after acquiring an additional 25,154 shares during the period.

Analysts Set New Price Targets

DRH has been the topic of a number of research analyst reports. Truist Financial lowered their price target on DiamondRock Hospitality from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Evercore ISI cut shares of 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. Stifel Nicolaus lowered shares of DiamondRock Hospitality from a “buy” rating to a “hold” rating and reduced their price target for the stock from $10.75 to $10.25 in a research note on Friday, November 22nd. Wells Fargo & Company lowered their price objective on shares of 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. Finally, StockNews.com raised DiamondRock Hospitality from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $10.13.

DiamondRock Hospitality Stock Performance

Shares of DRH opened at $9.58 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.73 and a quick ratio of 1.73. The firm’s 50 day moving average is $9.02 and its 200-day moving average is $8.61. DiamondRock Hospitality has a 12-month low of $7.74 and a 12-month high of $10.00. The stock has a market capitalization of $1.99 billion, a P/E ratio of 34.21, a P/E/G ratio of 5.59 and a beta of 1.60.

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.