DiamondRock Hospitality Company (DRH) : Smith Graham Investment Advisors Lp scooped up 232,060 additional shares in DiamondRock Hospitality Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 839,649 shares of DiamondRock Hospitality Company which is valued at $7,707,978.DiamondRock Hospitality Company makes up approximately 1.00% of Smith Graham Investment Advisors Lp’s portfolio.
Other Hedge Funds, Including , Gemmer Asset Management boosted its stake in DRH in the latest quarter, The investment management firm added 110 additional shares and now holds a total of 845 shares of DiamondRock Hospitality Company which is valued at $7,757.Spirit Of America Management Corpny boosted its stake in DRH in the latest quarter, The investment management firm added 2,500 additional shares and now holds a total of 243,100 shares of DiamondRock Hospitality Company which is valued at $2,231,658. DiamondRock Hospitality Company makes up approx 0.30% of Spirit Of America Management Corpny’s portfolio.Msi Financial Services Inc boosted its stake in DRH in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 196 shares of DiamondRock Hospitality Company which is valued at $1,819. Cutler Group Lp sold out all of its stake in DRH during the most recent quarter. The investment firm sold 1,000 shares of DRH which is valued $9,250.Bnp Paribas Arbitrage Sa reduced its stake in DRH by selling 31,340 shares or 48.69% in the most recent quarter. The Hedge Fund company now holds 33,025 shares of DRH which is valued at $295,904.
DiamondRock Hospitality Company closed down -0.1 points or -1.08% at $9.18 with 22,48,243 shares getting traded on Friday. Post opening the session at $9.31, the shares hit an intraday low of $9.15 and an intraday high of $9.3401 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, DiamondRock Hospitality Company reported $0.31 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 5, 2016. Analyst had a consensus of $0.32. The company had revenue of $256.70 million for the quarter, compared to analysts expectations of $257.73 million. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.
Many Wall Street Analysts have commented on DiamondRock Hospitality Company. DiamondRock Hospitality Company was Downgraded by Morgan Stanley to ” Underweight” on Sep 26, 2016.
DiamondRock Hospitality Company is a lodging focused Maryland corporation operating as a real estate investment trust (REIT). As of December 31 2014 the Company owned a portfolio of 27 hotels and resorts throughout North America and the United States Virgin Islands that consists of 10552 guest rooms. The Company conducts its business through a traditional umbrella partnership REIT or umbrella partnership real estate investment trust (UPREIT) in which the Company’s hotels are owned by subsidiaries of its operating partnership DiamondRock Hospitality Limited Partnership. The Company is the sole general partner of its operating partnership and owns either directly or indirectly all of the limited partnership units of its operating partnership. The Company leases all of its domestic hotels to REIT subsidiary or TRS lessees. In turn the Company’s TRS lessees must engage a third-party management company to manage the hotels.