Diamondrock Hospitality Company (DRH) : During the past 4 weeks, traders have been relatively bearish on Diamondrock Hospitality Company (DRH), hence the stock is down -9.96% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.92% relative to the S&P 500. The 4-week change in the price of the stock is -11.78% and the stock has fallen -1.39% in the past 1 week.
The stock has recorded a 20-day Moving Average of 8.69% and the 50-Day Moving Average is 7.24%.The 200 Day SMA reached 0.5% DiamondRock Hospitality Company has dropped 2.75% during the last 3-month period . Year-to-Date the stock performance stands at -1.9%.
Diamondrock Hospitality Company (DRH) : Currently there are 7 street experts covering Diamondrock Hospitality Company (DRH) stock. The most bullish and bearish price target for the stock is $11 and $9 respectively for the short term. The average price target of all the analysts comes to $9.86. The estimated standard deviation from the target is $0.85.
Company shares have received an average consensus rating of Hold for the current week Diamondrock Hospitality Company (NYSE:DRH): stock was range-bound between the intraday low of $9.15 and the intraday high of $9.3 after having opened at $9.2 on Fridays session. The stock finally closed in the red at $9.2, a loss of -0.75%. The stock remained in the red for the whole trading day. The total traded volume was 6,837,137 shares. The stock failed to cross $9.3 in Fridays trading. The stocks closing price on Thursday was $9.21.
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 10,552 guest rooms. The Company conducts its business through a traditional umbrella partnership REIT, or umbrella partnership real estate investment trust (UPREIT) in , which the Companys 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 Companys TRS lessees must engage a third-party management company to manage the hotels.