Lightrock Netherlands B.V. Acquires New Holdings in DiamondRock Hospitality (NYSE:DRH)

Lightrock Netherlands B.V. bought a new position in shares of DiamondRock Hospitality (NYSE:DRH) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 518,688 shares of the real estate investment trust’s stock, valued at approximately $4,707,000. Lightrock Netherlands B.V. owned 0.25% of DiamondRock Hospitality as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. 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 in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of DiamondRock Hospitality during the 3rd quarter valued at $74,000. KBC Group NV boosted its position in shares of DiamondRock Hospitality by 55.9% in the 4th quarter. KBC Group NV now owns 10,436 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 3,744 shares in the last quarter. SG Americas Securities LLC purchased a new position in DiamondRock Hospitality during the 3rd quarter worth $100,000. Finally, GSA Capital Partners LLP purchased a new position in DiamondRock Hospitality during the 3rd quarter worth $126,000.

Wall Street Analysts Forecast Growth

DRH has been the subject of a number of research analyst reports. Stifel Nicolaus cut 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 research note on Friday, November 22nd. StockNews.com raised shares of DiamondRock Hospitality from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Evercore ISI downgraded 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 report on Friday, November 15th. Finally, Wells Fargo & Company upped their price target on shares of DiamondRock Hospitality from $10.00 to $10.50 and gave the company an “equal weight” rating in a research note on Monday, December 9th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $10.25.

DiamondRock Hospitality Trading Down 2.0 %

DiamondRock Hospitality stock opened at $8.58 on Tuesday. The stock has a 50-day moving average price of $9.12 and a 200 day moving average price of $8.84. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 30.63, a price-to-earnings-growth ratio of 4.88 and a beta of 1.57. DiamondRock Hospitality has a 52 week low of $7.74 and a 52 week high of $10.00. 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 was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 14.93%. This is a boost from DiamondRock Hospitality’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 31st. DiamondRock Hospitality’s payout ratio is presently 42.86%.

DiamondRock Hospitality 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.