Texas Permanent School Fund Has $1.53 Million Holdings in DiamondRock Hospitality (DRH)

Texas Permanent School Fund trimmed its holdings in DiamondRock Hospitality (NYSE:DRH) by 7.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 135,399 shares of the real estate investment trust’s stock after selling 10,833 shares during the period. Texas Permanent School Fund owned approximately 0.07% of DiamondRock Hospitality worth $1,529,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Wells Fargo & Company MN boosted its position in shares of DiamondRock Hospitality by 4.4% during the second quarter. Wells Fargo & Company MN now owns 261,822 shares of the real estate investment trust’s stock worth $2,867,000 after buying an additional 10,942 shares during the period. GSA Capital Partners LLP boosted its position in shares of DiamondRock Hospitality by 6.0% during the second quarter. GSA Capital Partners LLP now owns 16,442 shares of the real estate investment trust’s stock worth $180,000 after buying an additional 930 shares during the period. Parametric Portfolio Associates LLC boosted its position in shares of DiamondRock Hospitality by 7.9% during the second quarter. Parametric Portfolio Associates LLC now owns 872,378 shares of the real estate investment trust’s stock worth $9,553,000 after buying an additional 64,228 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of DiamondRock Hospitality by 3.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,971,738 shares of the real estate investment trust’s stock worth $32,542,000 after buying an additional 106,780 shares during the period. Finally, Voya Investment Management LLC boosted its position in shares of DiamondRock Hospitality by 3.5% during the second quarter. Voya Investment Management LLC now owns 285,450 shares of the real estate investment trust’s stock worth $3,126,000 after buying an additional 9,756 shares during the period.

Shares of DiamondRock Hospitality (NYSE:DRH) traded up $0.10 during midday trading on Friday, hitting $11.35. The stock had a trading volume of 1,960,975 shares, compared to its average volume of 1,801,270. The firm has a market capitalization of $2,273.46, a PE ratio of 11.46, a P/E/G ratio of 2.29 and a beta of 1.35. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.41 and a current ratio of 2.41. DiamondRock Hospitality has a twelve month low of $10.43 and a twelve month high of $12.11.

Several research analysts have recently commented on the company. Boenning Scattergood restated a “sell” rating and set a $10.00 price target on shares of DiamondRock Hospitality in a research report on Wednesday, November 8th. TheStreet upgraded DiamondRock Hospitality from a “c+” rating to a “b-” rating in a research report on Friday, December 29th. Robert W. Baird reiterated a “buy” rating and issued a $12.00 price objective on shares of DiamondRock Hospitality in a research note on Friday, November 10th. Evercore ISI upgraded DiamondRock Hospitality from an “in-line” rating to an “outperform” rating in a research note on Monday, December 4th. Finally, Zacks Investment Research cut DiamondRock Hospitality from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. DiamondRock Hospitality currently has a consensus rating of “Buy” and a consensus price target of $12.00.

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About DiamondRock Hospitality

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)

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