Bailard Inc. Has $666,000 Position in DiamondRock Hospitality (NYSE:DRH)

Bailard Inc. lifted its stake in DiamondRock Hospitality (NYSE:DRH) by 38.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 70,911 shares of the real estate investment trust’s stock after acquiring an additional 19,600 shares during the quarter. Bailard Inc.’s holdings in DiamondRock Hospitality were worth $666,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. National Bank of Canada FI acquired a new stake in DiamondRock Hospitality in the third quarter valued at $30,000. Evergreen Capital Management LLC acquired a new position in shares of DiamondRock Hospitality in the third quarter valued at approximately $90,000. Jump Financial LLC grew its holdings in DiamondRock Hospitality by 80.8% in the 3rd quarter. Jump Financial LLC now owns 20,500 shares of the real estate investment trust’s stock valued at $165,000 after buying an additional 9,164 shares in the last quarter. Inspire Advisors LLC bought a new position in DiamondRock Hospitality during the 3rd quarter worth $170,000. Finally, QRG Capital Management Inc. acquired a new stake in shares of DiamondRock Hospitality during the third quarter worth $196,000.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. StockNews.com lowered shares of DiamondRock Hospitality from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Stifel Nicolaus raised their price objective on DiamondRock Hospitality from $10.00 to $10.50 and gave the company a “buy” rating in a research note on Friday, February 23rd. Truist Financial upped their target price on DiamondRock Hospitality from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Thursday, March 14th. Finally, Wolfe Research assumed coverage on shares of DiamondRock Hospitality in a research note on Wednesday, January 10th. They set an “outperform” rating and a $11.00 price target for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $10.30.

DiamondRock Hospitality Stock Down 0.3 %

Shares of DiamondRock Hospitality stock opened at $9.06 on Friday. The stock’s 50-day moving average is $9.36 and its 200 day moving average is $8.97. DiamondRock Hospitality has a one year low of $7.33 and a one year high of $9.99. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 25.15 and a beta of 1.60. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.00 and a quick ratio of 2.00.

DiamondRock Hospitality (NYSE:DRH) last posted its quarterly earnings results on Friday, February 23rd. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.14). The business had revenue of $263.50 million for the quarter, compared to the consensus estimate of $261.45 million. DiamondRock Hospitality had a return on equity of 5.29% and a net margin of 8.03%. DiamondRock Hospitality’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.23 earnings per share. Equities research analysts anticipate that DiamondRock Hospitality will post 0.96 EPS for the current year.

DiamondRock Hospitality Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date was Wednesday, March 27th. DiamondRock Hospitality’s payout ratio is 33.33%.

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 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.