Natixis Advisors LLC Has $627,000 Stock Holdings in DiamondRock Hospitality (NYSE:DRH)

Natixis Advisors LLC decreased its position in DiamondRock Hospitality (NYSE:DRH) by 5.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 71,875 shares of the real estate investment trust’s stock after selling 3,897 shares during the period. Natixis Advisors LLC’s holdings in DiamondRock Hospitality were worth $627,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Quarry LP raised its stake in shares of DiamondRock Hospitality by 2,093.9% in the second quarter. Quarry LP now owns 3,949 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 3,769 shares in the last quarter. Headlands Technologies LLC bought a new stake in DiamondRock Hospitality in the 2nd quarter valued at $42,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of DiamondRock Hospitality by 35.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,153 shares of the real estate investment trust’s stock valued at $73,000 after buying an additional 2,116 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of DiamondRock Hospitality during the 3rd quarter worth about $74,000. Finally, Choreo LLC acquired a new stake in shares of DiamondRock Hospitality during the 2nd quarter valued at about $89,000.

Analyst Upgrades and Downgrades

DRH has been the subject of a number of analyst reports. Truist Financial cut their price target on shares of DiamondRock Hospitality from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Compass Point upgraded DiamondRock Hospitality from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Monday, August 5th. Evercore ISI lowered DiamondRock Hospitality from an “outperform” rating to an “inline” rating and set a $10.50 price target on the stock. in a research note on Friday, November 15th. StockNews.com upgraded DiamondRock Hospitality from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Wells Fargo & Company reduced their target price on shares of DiamondRock Hospitality from $9.50 to $9.00 and set an “equal weight” rating on the stock in a research note on Friday, September 13th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $10.13.

DiamondRock Hospitality Trading Down 0.1 %

DRH opened at $9.20 on Thursday. The firm’s fifty day simple moving average is $8.96 and its 200 day simple moving average is $8.57. The stock has a market capitalization of $1.91 billion, a P/E ratio of 32.86, a P/E/G ratio of 5.45 and a beta of 1.60. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.66. DiamondRock Hospitality has a 12 month low of $7.74 and a 12 month high of $9.99.

DiamondRock Hospitality Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Monday, September 30th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.12 annualized dividend and a yield of 1.30%. DiamondRock Hospitality’s dividend payout ratio (DPR) is presently 42.86%.

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.