Thrivent Financial for Lutherans Sells 95,482 Shares of DiamondRock Hospitality (NYSE:DRH)

Thrivent Financial for Lutherans trimmed its holdings in shares of DiamondRock Hospitality (NYSE:DRH) by 20.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 380,418 shares of the real estate investment trust’s stock after selling 95,482 shares during the period. Thrivent Financial for Lutherans owned about 0.18% of DiamondRock Hospitality worth $3,321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. MQS Management LLC bought a new position in shares of DiamondRock Hospitality during the second quarter valued at approximately $480,000. Millennium Management LLC purchased a new stake in DiamondRock Hospitality during the second quarter worth $15,118,000. CANADA LIFE ASSURANCE Co boosted its position in DiamondRock Hospitality by 5.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 439,584 shares of the real estate investment trust’s stock valued at $4,216,000 after acquiring an additional 21,682 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of DiamondRock Hospitality by 1.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 105,700 shares of the real estate investment trust’s stock valued at $893,000 after acquiring an additional 1,900 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of DiamondRock Hospitality by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,102,363 shares of the real estate investment trust’s stock worth $26,214,000 after acquiring an additional 120,228 shares in the last quarter.

DiamondRock Hospitality Trading Up 2.1 %

Shares of DiamondRock Hospitality stock opened at $9.35 on Tuesday. DiamondRock Hospitality has a 12-month low of $7.74 and a 12-month high of $9.99. The firm’s 50 day simple moving average is $8.92 and its two-hundred day simple moving average is $8.55. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 33.39, a PEG ratio of 5.56 and a beta of 1.60.

DiamondRock Hospitality Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Monday, September 30th were paid a $0.03 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.12 dividend on an annualized basis and a yield of 1.28%. DiamondRock Hospitality’s dividend payout ratio (DPR) is 42.86%.

Analyst Ratings Changes

Several research firms have issued reports on DRH. Compass Point upgraded DiamondRock Hospitality from a “neutral” rating to a “buy” rating and set a $10.00 target price on the stock in a research note on Monday, August 5th. Evercore ISI downgraded shares of DiamondRock Hospitality from an “outperform” rating to an “inline” rating and set a $10.50 price objective on the stock. in a research report on Friday, November 15th. Truist Financial decreased their target price on shares of DiamondRock Hospitality from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Wells Fargo & Company cut their price target on shares of DiamondRock Hospitality from $9.50 to $9.00 and set an “equal weight” rating on the stock in a report on Friday, September 13th. Finally, Stifel Nicolaus lowered DiamondRock Hospitality from a “buy” rating to a “hold” rating and decreased their price objective for the company from $10.75 to $10.25 in a report on Friday. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, DiamondRock Hospitality presently has an average rating of “Hold” and a consensus price target of $10.13.

DiamondRock Hospitality Company Profile

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.