NumerixS Investment Technologies Inc Purchases 7000 Shares of DiamondRock Hospitality (DRH)

NumerixS Investment Technologies Inc raised its position in DiamondRock Hospitality (NYSE:DRH) by 184.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,800 shares of the real estate investment trust’s stock after acquiring an additional 7,000 shares during the quarter. NumerixS Investment Technologies Inc’s holdings in DiamondRock Hospitality were worth $98,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of DRH. BlackRock Inc. lifted its stake in DiamondRock Hospitality by 5.1% in the third quarter. BlackRock Inc. now owns 38,399,285 shares of the real estate investment trust’s stock worth $448,119,000 after acquiring an additional 1,856,388 shares during the last quarter. Oregon Public Employees Retirement Fund purchased a new position in DiamondRock Hospitality in the fourth quarter worth approximately $79,000. Vanguard Group Inc lifted its stake in DiamondRock Hospitality by 2.3% in the third quarter. Vanguard Group Inc now owns 31,517,952 shares of the real estate investment trust’s stock worth $367,814,000 after acquiring an additional 703,803 shares during the last quarter. Vanguard Group Inc. lifted its stake in DiamondRock Hospitality by 2.3% in the third quarter. Vanguard Group Inc. now owns 31,517,952 shares of the real estate investment trust’s stock worth $367,814,000 after acquiring an additional 703,803 shares during the last quarter. Finally, Adelante Capital Management LLC lifted its stake in DiamondRock Hospitality by 49.8% in the third quarter. Adelante Capital Management LLC now owns 1,892,785 shares of the real estate investment trust’s stock worth $22,089,000 after acquiring an additional 629,625 shares during the last quarter.

DRH has been the subject of a number of recent research reports. ValuEngine downgraded shares of DiamondRock Hospitality from a “hold” rating to a “sell” rating in a research note on Wednesday, January 2nd. Morgan Stanley set a $8.00 price target on shares of DiamondRock Hospitality and gave the stock a “sell” rating in a research note on Thursday, December 20th. KeyCorp downgraded shares of DiamondRock Hospitality from a “sector weight” rating to an “underweight” rating and set a $8.00 price target for the company. in a research note on Friday, January 25th. Zacks Investment Research downgraded shares of DiamondRock Hospitality from a “buy” rating to a “hold” rating in a research note on Tuesday, January 29th. Finally, Wells Fargo & Co downgraded shares of DiamondRock Hospitality from a “market perform” rating to an “underperform” rating in a research note on Tuesday, December 11th. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. DiamondRock Hospitality has an average rating of “Hold” and a consensus target price of $10.33.

Shares of NYSE:DRH opened at $10.67 on Friday. The company has a market cap of $2.16 billion, a PE ratio of 10.55, a P/E/G ratio of 2.07 and a beta of 1.46. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.52. DiamondRock Hospitality has a twelve month low of $8.69 and a twelve month high of $12.99.

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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 top gateway markets and destination resort locations. The Company owns 30 premium quality hotels with over 9,900 rooms. The Company has strategically positioned its hotels to be operated both under leading global brand families such as Hilton and Marriott as well as unique boutique hotels in the lifestyle segment.

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

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