Diamondrock Hospitality Company (DRH) Shares are Up 2.49%

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 9.19% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.17%, 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 2.49% in the last 1 week, and is up 8.96% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 5.06% and the fifty day Moving Average is 9.99%. Diamondrock Hospitality Co. is up 22.41% in the last three month period. Year-to-Date the stock performance stands at 13.98%.

Diamondrock Hospitality Company (DRH) : The highest level Diamondrock Hospitality Company (DRH) is projected to reach is $11 for the short term and the lowest estimate is at $9. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $9.86 and the possibility the share price can swing is $0.85.


Diamondrock Hospitality Company (NYSE:DRH): On Fridays trading session , Opening price of the stock was $10.69 with an intraday high of $10.85. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $10.61. However, the stock managed to close at $10.7, a loss of 0.19% for the day. On the previous day, the stock had closed at $10.72. The total traded volume of the day was 5,164,620 shares.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *