Axa S.A. Has $413,000 Stock Position in DiamondRock Hospitality (NYSE:DRH)

Axa S.A. lifted its holdings in DiamondRock Hospitality (NYSE:DRH) by 200.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 45,706 shares of the real estate investment trust’s stock after purchasing an additional 30,512 shares during the period. Axa S.A.’s holdings in DiamondRock Hospitality were worth $413,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in DRH. FIL Ltd bought a new stake in DiamondRock Hospitality during the 4th quarter worth about $60,000. Smartleaf Asset Management LLC increased its position in shares of DiamondRock Hospitality by 278.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 9,769 shares of the real estate investment trust’s stock valued at $89,000 after acquiring an additional 7,189 shares during the last quarter. KBC Group NV increased its position in shares of DiamondRock Hospitality by 55.9% in the fourth quarter. KBC Group NV now owns 10,436 shares of the real estate investment trust’s stock valued at $94,000 after acquiring an additional 3,744 shares during the last quarter. Dark Forest Capital Management LP bought a new stake in DiamondRock Hospitality during the fourth quarter worth about $117,000. Finally, Xponance Inc. grew its stake in DiamondRock Hospitality by 9.9% in the fourth quarter. Xponance Inc. now owns 15,098 shares of the real estate investment trust’s stock valued at $136,000 after purchasing an additional 1,360 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Morgan Stanley dropped their price objective on DiamondRock Hospitality from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 22nd. Wells Fargo & Company cut their price target on shares of DiamondRock Hospitality from $10.50 to $9.50 and set an “equal weight” rating for the company in a research note on Tuesday, February 18th. Evercore ISI lowered their price objective on shares of DiamondRock Hospitality from $10.00 to $9.00 and set an “in-line” rating on the stock in a research note on Monday, April 28th. Stifel Nicolaus raised their target price on shares of DiamondRock Hospitality from $8.00 to $8.25 and gave the company a “hold” rating in a research note on Friday, May 2nd. Finally, Bank of America raised DiamondRock Hospitality from an “underperform” rating to a “buy” rating and set a $9.50 price target on the stock in a research report on Wednesday, April 30th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $9.04.

DiamondRock Hospitality Stock Up 1.1 %

Shares of DRH opened at $7.58 on Friday. The firm’s 50-day simple moving average is $7.48 and its 200 day simple moving average is $8.45. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.73 and a current ratio of 1.73. The firm has a market cap of $1.58 billion, a P/E ratio of 27.07, a price-to-earnings-growth ratio of 2.06 and a beta of 1.33. DiamondRock Hospitality has a 52 week low of $6.19 and a 52 week high of $10.00.

DiamondRock Hospitality (NYSE:DRH) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The company had revenue of $254.85 million for the quarter, compared to analyst estimates of $256.47 million. DiamondRock Hospitality had a return on equity of 4.25% and a net margin of 6.30%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the company earned $0.17 earnings per share. On average, analysts forecast that DiamondRock Hospitality will post 0.96 earnings per share for the current year.

DiamondRock Hospitality Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date was Friday, March 28th. This is a boost from DiamondRock Hospitality’s previous quarterly dividend of $0.03. DiamondRock Hospitality’s payout ratio is presently 177.78%.

About DiamondRock Hospitality

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.