DiamondRock Hospitality (DRH) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its stake in DiamondRock Hospitality (NYSE:DRH) by 6.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 198,415 shares of the real estate investment trust’s stock after selling 13,532 shares during the quarter. SG Americas Securities LLC’s holdings in DiamondRock Hospitality were worth $1,802,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in DiamondRock Hospitality by 5.1% in 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. Vanguard Group Inc. lifted its holdings in DiamondRock Hospitality by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 31,517,952 shares of the real estate investment trust’s stock valued at $367,814,000 after purchasing an additional 703,803 shares in the last quarter. Vanguard Group Inc lifted its holdings in DiamondRock Hospitality by 2.3% in the 3rd quarter. Vanguard Group Inc now owns 31,517,952 shares of the real estate investment trust’s stock valued at $367,814,000 after purchasing an additional 703,803 shares in the last quarter. LSV Asset Management lifted its holdings in DiamondRock Hospitality by 12.7% in the 3rd quarter. LSV Asset Management now owns 4,636,615 shares of the real estate investment trust’s stock valued at $54,109,000 after purchasing an additional 521,394 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in DiamondRock Hospitality by 5.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,997,125 shares of the real estate investment trust’s stock valued at $46,647,000 after purchasing an additional 222,009 shares in the last quarter.

NYSE DRH opened at $10.62 on Thursday. DiamondRock Hospitality has a 52 week low of $8.69 and a 52 week high of $12.99. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.48 and a current ratio of 2.48. The firm has a market cap of $2.15 billion, a PE ratio of 10.62, a P/E/G ratio of 2.02 and a beta of 1.47.

Several research analysts have recently commented on DRH shares. Zacks Investment Research lowered DiamondRock Hospitality from a “buy” rating to a “hold” rating in a report on Thursday, October 25th. Wells Fargo & Co lowered DiamondRock Hospitality from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $14.00 to $11.00 in a report on Wednesday, October 31st. ValuEngine lowered DiamondRock Hospitality from a “hold” rating to a “sell” rating in a report on Tuesday, November 6th. TheStreet lowered DiamondRock Hospitality from a “b-” rating to a “c” rating in a report on Tuesday, November 6th. Finally, Barclays lowered DiamondRock Hospitality from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $13.00 to $11.00 in a report on Tuesday, December 18th. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. DiamondRock Hospitality presently has a consensus rating of “Hold” and an average price target of $10.14.

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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 top gateway markets and destination resort locations. The Company owns 30 premium quality hotels with over 9,900 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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