Diamondrock Hospitality Company (DRH) Shares Slide -2.48%

Diamondrock Hospitality Company (DRH) has risen sharply, recording gains of 5.93% in the past 4 weeks. However, the stock has corrected -2.48% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.49% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 3.04% and the 50-Day Moving Average is 7.09%. Diamondrock Hospitality Co. is up 11.83% in the last 3-month period. Year-to-Date the stock performance stands at 4.6%.


Diamondrock Hospitality Company (NYSE:DRH): stock turned positive on Friday. Though the stock opened at $9.57, the bulls momentum made the stock top out at $9.83 level for the day. The stock recorded a low of $9.55 and closed the trading day at $9.82, in the green by 2.61%. The total traded volume for the day was 2,398,672. The stock had closed at $9.57 in the previous days trading.

Also, Deutsche Bank maintains their rating on the shares of Diamondrock Hospitality Company (NYSE:DRH). The current rating of the shares is Hold. Equity Analysts at the Firm lowers the price target to $10 per share from $11 per share. 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.

Comments (0)

Leave a Reply

Your email address will not be published.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

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.