Diamondrock Hospitality Company (DRH) Shares Sold by American Century Companies Inc.

American Century Companies Inc. decreased its holdings in Diamondrock Hospitality Company (NYSE:DRH) by 18.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 956,321 shares of the real estate investment trust’s stock after selling 219,212 shares during the period. American Century Companies Inc. owned about 0.48% of Diamondrock Hospitality worth $10,472,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Diamondrock Hospitality by 5.1% in the second quarter. Vanguard Group Inc. now owns 34,866,908 shares of the real estate investment trust’s stock worth $381,793,000 after purchasing an additional 1,694,293 shares during the last quarter. BlackRock Inc. grew its holdings in Diamondrock Hospitality by 4.6% in the second quarter. BlackRock Inc. now owns 32,509,608 shares of the real estate investment trust’s stock worth $355,983,000 after purchasing an additional 1,421,711 shares during the last quarter. FMR LLC grew its holdings in Diamondrock Hospitality by 2.2% in the second quarter. FMR LLC now owns 21,377,145 shares of the real estate investment trust’s stock worth $234,080,000 after purchasing an additional 453,851 shares during the last quarter. State Street Corp grew its holdings in Diamondrock Hospitality by 4.6% in the second quarter. State Street Corp now owns 8,067,041 shares of the real estate investment trust’s stock worth $88,338,000 after purchasing an additional 356,960 shares during the last quarter. Finally, Resolution Capital Ltd grew its holdings in Diamondrock Hospitality by 8.0% in the third quarter. Resolution Capital Ltd now owns 7,232,784 shares of the real estate investment trust’s stock worth $79,199,000 after purchasing an additional 535,876 shares during the last quarter.

DRH has been the topic of several analyst reports. KeyCorp reaffirmed a “hold” rating on shares of Diamondrock Hospitality in a report on Tuesday, October 24th. Zacks Investment Research lowered shares of Diamondrock Hospitality from a “buy” rating to a “hold” rating in a report on Monday, October 16th. TheStreet lowered shares of Diamondrock Hospitality from a “b” rating to a “c+” rating in a report on Monday, November 6th. Boenning Scattergood set a $10.00 price objective on shares of Diamondrock Hospitality and gave the company a “sell” rating in a report on Thursday, October 26th. Finally, Robert W. Baird reissued a “buy” rating and set a $12.00 price objective on shares of Diamondrock Hospitality in a report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.00.

Diamondrock Hospitality Company (NYSE DRH) traded up $0.10 during trading hours on Monday, reaching $11.26. 3,035,642 shares of the company’s stock traded hands, compared to its average volume of 2,237,712. Diamondrock Hospitality Company has a one year low of $10.43 and a one year high of $12.07. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.41 and a current ratio of 2.41. The stock has a market capitalization of $2,235.41, a price-to-earnings ratio of 11.27, a price-to-earnings-growth ratio of 2.30 and a beta of 1.33.

Diamondrock Hospitality (NYSE:DRH) last posted its quarterly earnings results on Monday, November 6th. The real estate investment trust reported $0.25 EPS for the quarter, meeting the consensus estimate of $0.25. The company had revenue of $223.50 million for the quarter, compared to analyst estimates of $223.30 million. Diamondrock Hospitality had a net margin of 10.47% and a return on equity of 4.97%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.26 earnings per share. research analysts predict that Diamondrock Hospitality Company will post 0.97 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This news story was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this news story on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2017/12/04/american-century-companies-inc-has-10-47-million-position-in-diamondrock-hospitality-company-drh.html.

Diamondrock Hospitality Profile

DiamondRock Hospitality Company is a real estate investment trust (REIT). As of December 31, 2016, the Company owned a portfolio of 26 hotels and resorts that contains 9,472 guest rooms located in 17 different markets in North America and the United States Virgin Islands. Its business is to acquire, own, asset manage and renovate hotel properties in the United States.

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

Receive News & Ratings for Diamondrock Hospitality Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diamondrock Hospitality Company and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply