DiamondRock Hospitality Company (DRH) : Landscape Capital Management L.l.c. reduced its stake in DiamondRock Hospitality Company by 14.16% during the most recent quarter end. The investment management company now holds a total of 540,700 shares of DiamondRock Hospitality Company which is valued at $5,531,361 after selling 89,220 shares in DiamondRock Hospitality Company , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.DiamondRock Hospitality Company makes up approximately 0.70% of Landscape Capital Management L.l.c.’s portfolio.
Other Hedge Funds, Including , Two Sigma Advisers Lp boosted its stake in DRH in the latest quarter, The investment management firm added 39,407 additional shares and now holds a total of 95,400 shares of DiamondRock Hospitality Company which is valued at $975,942. Jefferies Group added DRH to its portfolio by purchasing 10,361 company shares during the most recent quarter which is valued at $105,993. Forward Management sold out all of its stake in DRH during the most recent quarter. The investment firm sold 29,817 shares of DRH which is valued $286,840. Paragon Capital Management Ltd added DRH to its portfolio by purchasing 10,439 company shares during the most recent quarter which is valued at $105,121. DiamondRock Hospitality Company makes up approx 0.06% of Paragon Capital Management Ltd’s portfolio.
DiamondRock Hospitality Company closed down -0.47 points or -4.44% at $10.12 with 40,35,648 shares getting traded on Thursday. Post opening the session at $10.56, the shares hit an intraday low of $10.08 and an intraday high of $10.56 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.
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.