Today’s Stock On Watch: Diamondrock Hospitality Company (NYSE:DRH) Stock Is Shorted More

December 1, 2016 - By Ruchi Gupta   ·   0 Comments

Today's Stock On Watch: Diamondrock Hospitality Company (NYSE:DRH) Stock Is Shorted More

The stock of Diamondrock Hospitality Company (NYSE:DRH) registered an increase of 10.39% in short interest. DRH’s total short interest was 17.93M shares in December as published by FINRA. Its up 10.39% from 16.24 million shares, reported previously. With 2.00M shares average volume, it will take short sellers 9 days to cover their DRH’s short positions. The short interest to Diamondrock Hospitality Company’s float is 9.03%. About 1.15M shares traded hands. DiamondRock Hospitality Company (NYSE:DRH) has risen 15.99% since April 28, 2016 and is uptrending. It has outperformed by 10.07% the S&P500.

DiamondRock Hospitality Company is a lodging-focused Maryland corporation operating as a real estate investment trust . The company has a market cap of $2.18 billion. The Firm owns a portfolio of approximately 30 hotels and resorts throughout North America and the United States Virgin Islands that consists of over 10,925 guest rooms. It has a 18.53 P/E ratio. The Company’s primary business is to acquire, own, asset manage and renovate full-service hotel properties in the United States.

Insitutional Activity: The institutional sentiment decreased to 1.08 in 2016 Q2. Its down 0.54, from 1.62 in 2016Q1. The ratio is negative, as 15 funds sold all DiamondRock Hospitality Company shares owned while 58 reduced positions. 33 funds bought stakes while 85 increased positions. They now own 222.51 million shares or 2.92% more from 216.20 million shares in 2016Q1.
Cornerstone Real Est Advisers Ltd accumulated 0.17% or 55,513 shares. Ubs Asset Americas holds 372,564 shares or 0% of its portfolio. Price T Rowe Associates Md holds 2.93 million shares or 0.01% of its portfolio. Analytic Invsts Ltd Liability holds 14,002 shares or 0% of its portfolio. Blackrock Gp Ltd, a United Kingdom-based fund reported 1.85M shares. Breton Hill accumulated 0.05% or 16,200 shares. Balyasny Asset Limited Com accumulated 0.01% or 171,836 shares. Cubist Systematic Strategies Lc accumulated 20,112 shares or 0.01% of the stock. New York State Common Retirement Fund has 0% invested in the company for 238,775 shares. Northern Trust Corporation holds 0.02% or 6.11 million shares in its portfolio. Teacher Retirement Sys Of Texas last reported 28,199 shares in the company. Cibc Asset Mngmt Inc reported 14,112 shares or 0% of all its holdings. Swiss Bank & Trust holds 340,700 shares or 0% of its portfolio. Teachers Insurance & Annuity Association Of America accumulated 214,042 shares or 0.09% of the stock. Barclays Public Limited Liability Com owns 127,987 shares or 0% of their US portfolio.

DiamondRock Hospitality Company (NYSE:DRH) Ratings Coverage

Out of 7 analysts covering Diamondrock Hospitality Company (NYSE:DRH), 1 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 14% are positive. Diamondrock Hospitality Company has been the topic of 22 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The stock of DiamondRock Hospitality Company (NYSE:DRH) has “Hold” rating given on Thursday, December 17 by Stifel Nicolaus. As per Monday, August 31, the company rating was upgraded by Zacks. The firm earned “Hold” rating on Monday, September 7 by Evercore. The company was downgraded on Monday, August 24 by Zacks. Citigroup maintained DiamondRock Hospitality Company (NYSE:DRH) on Wednesday, October 5 with “Neutral” rating. The firm has “Underweight” rating given on Monday, September 26 by Morgan Stanley. The rating was reinitiated by Stifel Nicolaus on Tuesday, March 29 with “Hold”. The stock has “Mkt Perform” rating given by JMP Securities on Monday, January 11. Credit Suisse maintained DiamondRock Hospitality Company (NYSE:DRH) rating on Tuesday, February 16. Credit Suisse has “Outperform” rating and $9.50 price target. The stock of DiamondRock Hospitality Company (NYSE:DRH) has “Neutral” rating given on Wednesday, December 2 by Janney Capital.

DRH Company Profile

DiamondRock Hospitality Company, incorporated on May 6, 2004, is a lodging-focused Maryland corporation operating as a real estate investment trust (REIT). The Firm owns a portfolio of approximately 30 hotels and resorts throughout North America and the United States Virgin Islands that consists of over 10,925 guest rooms. The Company’s primary business is to acquire, own, asset manage and renovate full-service hotel properties in the United States. The Company’s portfolio is concentrated in gateway cities and destination resort locations. The Firm conducts its business through an umbrella partnership REIT (UPREIT) in which the Company’s hotels are owned by subsidiaries of its operating partnership, DiamondRock Hospitality Limited Partnership. The Firm 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 Firm leases all of its domestic hotels to taxable REIT subsidiary (TRS) lessees. In turn, the Company’s TRS lessees must engage a third-party management firm to manage the hotels. Each of its hotels is managed by a third party and a number of its hotels are operated under a brand owned by lodging brand companies, such as Marriott International, Inc. (Marriott), Starwood Hotels & Resorts Worldwide, Inc. (Starwood) and Hilton Worldwide (Hilton).

More recent DiamondRock Hospitality Company (NYSE:DRH) news were published by: Prnewswire.com which released: “DiamondRock Hospitality Company Reports Third Quarter 2016 Results” on November 09, 2016. Also Reuters.com published the news titled: “BRIEF-Diamondrock Hospitality Company reports Q3 EPS $0.15” on November 09, 2016. Equitiesfocus.com‘s news article titled: “Diamondrock Hospitality Company (NYSE:DRH) Short-Term Price Target At $9.93” with publication date: December 01, 2016 was also an interesting one.

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By Ruchi Gupta


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