Prudential Financial INC Stake In Diamondrock Hospitality Co (DRH) Was Has Lifted

October 13, 2018 - By Vivian Park

Investors sentiment decreased to 1 in Q2 2018. Its down 0.35, from 1.35 in 2018Q1. It is negative, as 22 investors sold DRH shares while 71 reduced holdings. 26 funds opened positions while 67 raised stakes. 210.02 million shares or 3.57% more from 202.77 million shares in 2018Q1 were reported. California State Teachers Retirement Sys has 0.01% invested in DiamondRock Hospitality Company (NYSE:DRH). Massachusetts-based Aew Capital Limited Partnership has invested 0.02% in DiamondRock Hospitality Company (NYSE:DRH). Sumitomo Mitsui Asset Management Commerce Ltd holds 10,172 shares or 0% of its portfolio. Cbre Clarion Secs Lc has invested 1.01% in DiamondRock Hospitality Company (NYSE:DRH). Renaissance Technology Ltd Liability Company has 0.02% invested in DiamondRock Hospitality Company (NYSE:DRH) for 2.14M shares. Shell Asset Mgmt invested in 71,143 shares. Moreover, Bnp Paribas Arbitrage Sa has 0% invested in DiamondRock Hospitality Company (NYSE:DRH). Vanguard Gru invested in 30.81M shares. Victory Cap Mngmt stated it has 3.37 million shares or 0.09% of all its holdings. Acadian Asset Mngmt Ltd Liability Corporation holds 0% or 25,864 shares. Moreover, Prudential Financial has 0.16% invested in DiamondRock Hospitality Company (NYSE:DRH) for 8.74M shares. The Germany-based Deutsche Bank Ag has invested 0.01% in DiamondRock Hospitality Company (NYSE:DRH). Daiwa Securities Grp Inc accumulated 26,542 shares. Raymond James And Associates accumulated 12,461 shares. Moreover, Federated Inc Pa has 0% invested in DiamondRock Hospitality Company (NYSE:DRH) for 10,661 shares.

Since May 9, 2018, it had 0 insider purchases, and 3 sales for $641,786 activity. $125,800 worth of stock was sold by Quinn Briony R. on Thursday, May 24. $383,700 worth of DiamondRock Hospitality Company (NYSE:DRH) was sold by Tennis William J.

Prudential Financial Inc increased its stake in Diamondrock Hospitality Co (DRH) by 9.93% based on its latest 2018Q2 regulatory filing with the SEC. Prudential Financial Inc bought 789,984 shares as the company’s stock declined 3.07% while stock markets rallied. The institutional investor held 8.74 million shares of the real estate investment trusts company at the end of 2018Q2, valued at $107.36 million, up from 7.95 million at the end of the previous reported quarter. Prudential Financial Inc who had been investing in Diamondrock Hospitality Co for a number of months, seems to be bullish on the $2.20 billion market cap company. The stock decreased 0.94% or $0.1 during the last trading session, reaching $10.58. About 1.77M shares traded. DiamondRock Hospitality Company (NYSE:DRH) has risen 8.53% since October 13, 2017 and is uptrending. It has underperformed by 7.09% the S&P500.

Prudential Financial Inc, which manages about $66.90B US Long portfolio, decreased its stake in Kb Home (NYSE:KBH) by 244,760 shares to 336,334 shares, valued at $9.16M in 2018Q2, according to the filing. It also reduced its holding in Performance Food Group Co by 363,452 shares in the quarter, leaving it with 61,180 shares, and cut its stake in Advansix Inc.

More news for DiamondRock Hospitality Company (NYSE:DRH) were recently published by: Seekingalpha.com, which released: “DiamondRock Hospitality (DRH) Investor Presentation – Slideshow” on September 27, 2018. Seekingalpha.com‘s article titled: “DiamondRock Hospitality declares $0.125 dividend” and published on September 14, 2018 is yet another important article.

DiamondRock Hospitality Company (NYSE:DRH) Ratings Coverage

Among 6 analysts covering Diamondrock (NYSE:DRH), 2 have Buy rating, 2 Sell and 2 Hold. Therefore 33% are positive. Diamondrock had 6 analyst reports since May 7, 2018 according to SRatingsIntel. Barclays Capital maintained the shares of DRH in report on Friday, June 1 with “Overweight” rating. The stock of DiamondRock Hospitality Company (NYSE:DRH) earned “Buy” rating by Stifel Nicolaus on Friday, May 25. Evercore downgraded the shares of DRH in report on Sunday, May 20 to “Hold” rating. The rating was maintained by Boenning & Scattergood on Monday, May 7 with “Sell”. The company was maintained on Wednesday, August 8 by Citigroup. The stock of DiamondRock Hospitality Company (NYSE:DRH) has “Underweight” rating given on Wednesday, May 23 by Morgan Stanley.

DiamondRock Hospitality Company (NYSE:DRH) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>