Diamondrock Hospitality Company (DRH) Shares are Up 1.59%

Diamondrock Hospitality Company (DRH) : Traders are bullish on Diamondrock Hospitality Company (DRH) as it has outperformed the S&P 500 by a wide margin of 7.95% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.53%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.59% in the last 1 week, and is up 9.06% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 3.56% and the 50-Day Moving Average is 8.3%. Diamondrock Hospitality Company (NYSE:DRH): The stock was completely flat for the day, closing at $10.23 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $10.21, the stock touched an intraday high of $10.34 and a low of $10.17. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $10.23. The total trading volume on Friday was 1,272,172.


The company Insiders own 1.2% of Diamondrock Hospitality Company shares according to the proxy statements. Also, Equity Analysts at the Brokerage Firm, Deutsche Bank, maintains their rating on the shares of Diamondrock Hospitality Company (NYSE:DRH). Deutsche Bank has a Hold rating on the shares. As per the latest research report, the brokerage house lowers the price target to $10 per share from a prior target of $11. The rating by the firm was issued on July 19, 2016.

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.

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