DiamondRock Hospitality (NYSE:DRH) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC trimmed its position in shares of DiamondRock Hospitality (NYSE:DRH) by 9.8% during the fourth quarter, HoldingsChannel reports. The fund owned 17,308 shares of the real estate investment trust’s stock after selling 1,889 shares during the quarter. Guggenheim Capital LLC’s holdings in DiamondRock Hospitality were worth $156,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in DRH. Barclays PLC increased its stake in shares of DiamondRock Hospitality by 37.6% during the third quarter. Barclays PLC now owns 368,616 shares of the real estate investment trust’s stock worth $3,219,000 after acquiring an additional 100,805 shares during the period. KBC Group NV increased its stake in shares of DiamondRock Hospitality by 55.9% during the fourth quarter. KBC Group NV now owns 10,436 shares of the real estate investment trust’s stock worth $94,000 after acquiring an additional 3,744 shares during the period. Vert Asset Management LLC increased its stake in shares of DiamondRock Hospitality by 2.1% during the fourth quarter. Vert Asset Management LLC now owns 82,570 shares of the real estate investment trust’s stock worth $746,000 after acquiring an additional 1,729 shares during the period. abrdn plc increased its stake in shares of DiamondRock Hospitality by 53.5% during the fourth quarter. abrdn plc now owns 69,071 shares of the real estate investment trust’s stock worth $633,000 after acquiring an additional 24,070 shares during the period. Finally, Choreo LLC increased its stake in shares of DiamondRock Hospitality by 55.1% during the fourth quarter. Choreo LLC now owns 15,553 shares of the real estate investment trust’s stock worth $142,000 after acquiring an additional 5,523 shares during the period.

Analysts Set New Price Targets

DRH has been the topic of several recent analyst reports. Evercore ISI lowered their target price on shares of DiamondRock Hospitality from $10.00 to $9.00 and set an “in-line” rating on the stock in a research report on Monday. Morgan Stanley lowered their target price on shares of DiamondRock Hospitality from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 22nd. Stifel Nicolaus lowered their target price on shares of DiamondRock Hospitality from $9.75 to $8.00 and set a “hold” rating on the stock in a research report on Wednesday, April 16th. Finally, Wells Fargo & Company lowered their target price on shares of DiamondRock Hospitality from $10.50 to $9.50 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, DiamondRock Hospitality currently has a consensus rating of “Hold” and an average target price of $8.92.

DiamondRock Hospitality Stock Down 1.7 %

DRH stock opened at $7.21 on Wednesday. The company’s 50 day simple moving average is $7.59 and its 200-day simple moving average is $8.53. The firm has a market capitalization of $1.50 billion, a PE ratio of 25.73, a P/E/G ratio of 2.06 and a beta of 1.38. DiamondRock Hospitality has a 12 month low of $6.19 and a 12 month high of $10.00. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.73 and a quick ratio of 1.73.

DiamondRock Hospitality Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, March 28th. This is a positive change from DiamondRock Hospitality’s previous quarterly dividend of $0.03. This represents a $0.32 annualized dividend and a dividend yield of 4.44%. DiamondRock Hospitality’s dividend payout ratio is currently 188.24%.

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.