Large Outflow of Money Witnessed in Diamondrock Hospitality Company

Diamondrock Hospitality Company (NYSE:DRH) During the most recent session, the shares traded at 0.22 points or 2.31% higher at $9.53. The money flow data is unimpressive with the net money flow value of $(-4.84) million. As per the intraday data, the upticks measured $1.27 million and the downticks measured $6.11 million. As a result, the up/down ratio registered a value of 0.21. The shares have seen 6.19% price change for the week.A block trade also made an entry with $0.45 million flowing in through upticks while $5.36 million flew out through downticks. The block tradeoff had the up/down ratio of 0.08. The net money flow for this big transaction was $(-4.92) million.

Shares of Diamondrock Hospitality Co. rose by 7.13% in the last five trading days and 9.45% for the last 4 weeks. Diamondrock Hospitality Co. is up 0.15% in the last 3-month period. Year-to-Date the stock performance stands at 0.88%.

Currently the company Insiders own 1.2% of Diamondrock Hospitality Company shares according to the proxy statements. . On the companys insider trading activities, Tennis William J, officer (EVP & General Counsel) of Diamondrock Hospitality Co, unloaded 100 shares at an average price of $14.95 on March 24, 2015. The total amount of the transaction was worth $1,495, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Diamondrock Hospitality Company (NYSE:DRH) rose 3.22% or 0.3 points on Friday and made its way into the gainers of the day. After trading began at $9.32 the stock was seen hitting $9.64 as a peak level and $9.28 as the lowest level. The stock ended up at $9.61. The daily volume was measured at 4,399,532 shares. The 52-week high of the share price is $13.86 and the 52-week low is $7.28. The company has a market cap of $1,930 million.

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.