Diamondrock Hospitality Company (NYSE:DRH) : 7 investment research analysts covering Diamondrock Hospitality Company (NYSE:DRH) have an average price target of $9.86 for the near short term. The highest target price given by the Brokerage Firm to the stock is $11 and the lowest target is $8 for the short term. Analysts expect the variance to be within $1.18 of the average price.
Other Equity analysts have also commented 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.
Diamondrock Hospitality Company (NYSE:DRH): On Thursdays trading session , Opening price of the stock was $9.87 with an intraday high of $10.025. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $9.78. However, the stock managed to close at $9.78, a loss of 0.20% for the day. On the previous day, the stock had closed at $9.8. The total traded volume of the day was 2,369,021 shares.
The company shares have dropped -25.13% 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 $9.15 and the 200 Day Moving Average price is recorded at $9.20. 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 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.