Diamondrock Hospitality Company (DRH) : During the past 4 weeks, traders have been relatively bearish on Diamondrock Hospitality Company (DRH), hence the stock is down -9.59% 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 -3.25% relative to the S&P 500. The 4-week change in the price of the stock is -10.08% and the stock has fallen -3.09% in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.71% and the 50-Day Moving Average is 6.4%.The 200 Day SMA reached 0.3%
Diamondrock Hospitality Company (NYSE:DRH): After opening at $9.04, the stock dipped to an intraday low of $8.93 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $9.17 and the buying power remained strong till the end. The stock closed at $9.1 for the day, a gain of 1.56% for the day session. The total traded volume was 1,986,850. The stocks close on the previous trading day was $9.1.
Diamondrock Hospitality Company (DRH) : Average target price received by Diamondrock Hospitality Company (DRH) is $9.88 with an expected standard deviation of $0.79. The most aggressive target on the stock is $11, whereas the most downbeat target is $9. 8 financial analysts are currently covering the stock.
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.