Fmr LLC increased its holdings in shares of DiamondRock Hospitality (NYSE:DRH – Free Report) by 7.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,322,605 shares of the real estate investment trust’s stock after acquiring an additional 980,477 shares during the period. Fmr LLC owned approximately 6.79% of DiamondRock Hospitality worth $116,443,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of DiamondRock Hospitality by 1.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 94,773 shares of the real estate investment trust’s stock valued at $776,000 after purchasing an additional 1,059 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of DiamondRock Hospitality by 9.4% in the first quarter. PNC Financial Services Group Inc. now owns 13,193 shares of the real estate investment trust’s stock worth $133,000 after purchasing an additional 1,130 shares during the period. Mackenzie Financial Corp boosted its position in shares of DiamondRock Hospitality by 10.8% during the first quarter. Mackenzie Financial Corp now owns 13,036 shares of the real estate investment trust’s stock worth $132,000 after acquiring an additional 1,272 shares during the last quarter. Diversified Trust Co boosted its position in shares of DiamondRock Hospitality by 4.2% during the first quarter. Diversified Trust Co now owns 33,684 shares of the real estate investment trust’s stock worth $274,000 after acquiring an additional 1,344 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of DiamondRock Hospitality by 1.2% during the second quarter. Price T Rowe Associates Inc. MD now owns 127,027 shares of the real estate investment trust’s stock worth $1,043,000 after acquiring an additional 1,485 shares during the last quarter.
DiamondRock Hospitality Stock Down 0.6 %
Shares of DiamondRock Hospitality stock opened at $8.01 on Monday. The firm’s 50 day moving average price is $8.03 and its 200-day moving average price is $8.12. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.72. DiamondRock Hospitality has a 52-week low of $7.14 and a 52-week high of $10.02. The company has a market cap of $1.68 billion, a P/E ratio of 20.54 and a beta of 1.64.
Analyst Ratings Changes
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.
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