Pensionfund DSM Netherlands Has $412,000 Stake in DiamondRock Hospitality (DRH)

Pensionfund DSM Netherlands cut its holdings in shares of DiamondRock Hospitality (NYSE:DRH) by 74.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,000 shares of the real estate investment trust’s stock after selling 110,000 shares during the period. Pensionfund DSM Netherlands’ holdings in DiamondRock Hospitality were worth $412,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of DRH. Wells Fargo & Company MN boosted its position in DiamondRock Hospitality by 5.0% during the 3rd quarter. Wells Fargo & Company MN now owns 351,814 shares of the real estate investment trust’s stock valued at $4,105,000 after buying an additional 16,609 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in DiamondRock Hospitality by 17.0% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 49,618 shares of the real estate investment trust’s stock valued at $579,000 after purchasing an additional 7,193 shares in the last quarter. Bank of New York Mellon Corp increased its stake in DiamondRock Hospitality by 3.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,215,605 shares of the real estate investment trust’s stock valued at $37,526,000 after purchasing an additional 120,150 shares in the last quarter. BlackRock Inc. increased its stake in DiamondRock Hospitality by 5.1% during the 3rd quarter. BlackRock Inc. now owns 38,399,285 shares of the real estate investment trust’s stock valued at $448,119,000 after purchasing an additional 1,856,388 shares in the last quarter. Finally, American International Group Inc. increased its stake in DiamondRock Hospitality by 5.6% during the 3rd quarter. American International Group Inc. now owns 162,904 shares of the real estate investment trust’s stock valued at $1,901,000 after purchasing an additional 8,671 shares in the last quarter.

A number of research firms recently issued reports on DRH. Goldman Sachs Group downgraded shares of DiamondRock Hospitality from a “neutral” rating to a “sell” rating and set a $8.00 price objective on the stock. in a report on Thursday, January 10th. TheStreet raised shares of DiamondRock Hospitality from a “c+” rating to a “b-” rating in a report on Friday, February 15th. Deutsche Bank restated a “hold” rating and issued a $12.00 price target on shares of DiamondRock Hospitality in a research report on Thursday, February 28th. Raymond James cut shares of DiamondRock Hospitality from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 8th. Finally, Wells Fargo & Co reissued a “sell” rating on shares of DiamondRock Hospitality in a research note on Wednesday, March 6th. Six investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $10.53.

NYSE:DRH traded down $0.03 during mid-day trading on Wednesday, reaching $10.82. The company’s stock had a trading volume of 2,389,000 shares, compared to its average volume of 2,615,269. The firm has a market cap of $2.18 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 2.14 and a beta of 1.46. DiamondRock Hospitality has a 1 year low of $8.69 and a 1 year high of $12.99. 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 also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 4.62%. The ex-dividend date was Thursday, March 28th. DiamondRock Hospitality’s payout ratio is 49.02%.

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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 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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