Diamondrock Hospitality Company (NYSE:DRH) has climbed 7.13% in the past week and advanced 13.59% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 8.42% and the outperformance has advanced to 12.56% for the last 4 weeks period.
Diamondrock Hospitality Company (NYSE:DRH): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.32 and $9.28 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.64. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.61, notching a gain of 3.22% for the day. The total traded volume was 4,399,532 . The stock had closed at $9.31 on the previous day.
The company shares have dropped -27.31% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $13.86 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $9.09 and the 200 Day Moving Average price is recorded at $9.24.
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.
Many analysts have stated their opinion on the company shares. Stifel Nicolaus assumes their rating on the shares of Diamondrock Hospitality Company (NYSE:DRH). The current rating of the shares is Hold. The rating by the firm was issued on March 29, 2016. Currently the company Insiders own 1.2% of Diamondrock Hospitality Company shares according to the proxy statements.
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.