DiamondRock Hospitality (NYSE:DRH) Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd decreased its stake in DiamondRock Hospitality (NYSE:DRH) by 7.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 77,319 shares of the real estate investment trust’s stock after selling 6,476 shares during the period. WINTON GROUP Ltd’s holdings in DiamondRock Hospitality were worth $750,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Harbor Investment Advisory LLC raised its stake in DiamondRock Hospitality by 78.0% during the 2nd quarter. Harbor Investment Advisory LLC now owns 3,160 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 1,385 shares in the last quarter. State of Tennessee Treasury Department grew its holdings in shares of DiamondRock Hospitality by 1.4% during the first quarter. State of Tennessee Treasury Department now owns 127,240 shares of the real estate investment trust’s stock worth $1,311,000 after purchasing an additional 1,727 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of DiamondRock Hospitality by 3.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 55,960 shares of the real estate investment trust’s stock worth $576,000 after purchasing an additional 1,803 shares in the last quarter. Mutual of America Capital Management LLC lifted its holdings in shares of DiamondRock Hospitality by 6.5% in the 2nd quarter. Mutual of America Capital Management LLC now owns 29,891 shares of the real estate investment trust’s stock valued at $290,000 after purchasing an additional 1,835 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of DiamondRock Hospitality by 26.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 11,806 shares of the real estate investment trust’s stock valued at $113,000 after purchasing an additional 2,496 shares during the period.

A number of equities research analysts have weighed in on the company. Truist Securities upgraded DiamondRock Hospitality from a “sell” rating to a “hold” rating and set a $8.00 price objective for the company in a research note on Tuesday, August 17th. Truist upgraded shares of DiamondRock Hospitality from a “sell” rating to a “hold” rating and set a $8.00 price target for the company in a research report on Tuesday, August 17th. Zacks Investment Research upgraded shares of DiamondRock Hospitality from a “hold” rating to a “buy” rating and set a $9.75 price target for the company in a research note on Monday, July 26th. Raymond James dropped their price objective on shares of DiamondRock Hospitality from $11.50 to $10.50 and set an “outperform” rating on the stock in a research note on Friday, August 13th. Finally, Robert W. Baird reiterated a “buy” rating on shares of DiamondRock Hospitality in a research note on Thursday, July 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $8.50.

Shares of DRH stock opened at $8.97 on Friday. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.65. The stock has a 50 day simple moving average of $8.81 and a 200-day simple moving average of $9.65. The company has a market cap of $1.89 billion, a price-to-earnings ratio of -3.80 and a beta of 1.95. DiamondRock Hospitality has a 12-month low of $4.52 and a 12-month high of $11.48.

DiamondRock Hospitality (NYSE:DRH) last announced its quarterly earnings data on Thursday, August 5th. The real estate investment trust reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.07). DiamondRock Hospitality had a negative net margin of 155.43% and a negative return on equity of 28.76%. On average, equities analysts forecast that DiamondRock Hospitality will post 0.07 earnings per share for the current fiscal year.

About DiamondRock Hospitality

DiamondRock Hospitality Co is a real estate investment trust which focuses on lodging properties. It engages in the acquisition, ownership, asset management, and renovation of hotels and resorts. Its brands include Autograph Collection Hotels, Courtyard Marriott, Hilton Garden Inn, Hilton Hotels & Resorts, JW Marriott, and Kimpton Hotels & Restaurants.

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Institutional Ownership by Quarter for DiamondRock Hospitality (NYSE:DRH)

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