Diamondrock Hospitality Company (NYSE:DRH) traded negative at $8.96. On an intraday basis, the price dropped -0.02 points or -0.17%. The composite uptick value was $0.62 million while the combined downtick value was $0.08. The net money flow was $0.53 million while the up/down ratio was not very comforting at 7.45. The shares on a weekly note has seen a change in share price of -1.59%.According to the trading data, the shares saw a block trade with $0.45 million in upticks and $0 million in downticks. The up/down ratio for the block was calculated to be 0. The net money flow for the block trade was 0.45.
Currently the company Insiders own 1.2% of Diamondrock Hospitality Company shares according to the proxy statements. On the companys insider trading activities,The officer (EVP & General Counsel) of Diamondrock Hospitality Co, Tennis William J sold 100 shares at $14.95 on March 24, 2015. The Insider selling transaction had a total value worth of $1,495. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Diamondrock Hospitality Company (NYSE:DRH) : On Monday heightened volatility was witnessed in Diamondrock Hospitality Company (NYSE:DRH) which led to swings in the share price. The stock opened for trading at $9 and hit $9.09 on the upside , eventually ending the session at $8.98, with a gain of 0.11% or 0.01 points. The heightened volatility saw the trading volume jump to 2,131,412 shares. The 52-week high of the share price is $13.86 and the company has a market cap of $1,804 million. The 52-week low of the share price is at $7.28 .
Many analysts have stated their opinion on the company shares. Major Brokerage house, Stifel Nicolaus assumes its ratings on Diamondrock Hospitality Company (NYSE:DRH). According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on March 29, 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.