DiamondRock Hospitality (NYSE:DRH – Get Free Report) was the recipient of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 18,260,000 shares, a decrease of 7.1% from the October 15th total of 19,660,000 shares. Based on an average daily volume of 2,280,000 shares, the short-interest ratio is currently 8.0 days. Currently, 8.9% of the company’s stock are short sold.
DiamondRock Hospitality Stock Up 1.2 %
Shares of DiamondRock Hospitality stock traded up $0.10 during trading on Friday, reaching $8.42. The company had a trading volume of 1,796,322 shares, compared to its average volume of 2,191,476. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 21.59 and a beta of 1.62. The firm’s fifty day moving average is $8.02 and its 200-day moving average is $8.04. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.82 and a current ratio of 1.82. DiamondRock Hospitality has a fifty-two week low of $7.14 and a fifty-two week high of $10.02.
DiamondRock Hospitality Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Friday, September 29th were paid a $0.03 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.43%. DiamondRock Hospitality’s dividend payout ratio (DPR) is presently 30.77%.
Analyst Upgrades and Downgrades
Institutional Investors Weigh In On DiamondRock Hospitality
Institutional investors have recently modified their holdings of the stock. National Bank of Canada FI acquired a new stake in shares of DiamondRock Hospitality in the 3rd quarter valued at about $30,000. Harbor Investment Advisory LLC raised its stake in shares of DiamondRock Hospitality by 33.5% in the 2nd quarter. Harbor Investment Advisory LLC now owns 6,449 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 1,620 shares in the last quarter. BOKF NA acquired a new stake in DiamondRock Hospitality during the second quarter worth about $56,000. Tower Research Capital LLC TRC lifted its holdings in DiamondRock Hospitality by 711.7% in the first quarter. Tower Research Capital LLC TRC now owns 7,119 shares of the real estate investment trust’s stock worth $58,000 after acquiring an additional 6,242 shares during the last quarter. Finally, Advisor Partners II LLC bought a new position in DiamondRock Hospitality in the first quarter worth about $83,000.
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.
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