Diamondrock Hospitality Company (DRH): Price Target and June Short Interest Disclosure

Diamondrock Hospitality Company (DRH) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $11 and the lowest price target forecast is $8. The average forecast of all the analysts is $9.86 and the expected standard deviation is $1.18.

Diamondrock Hospitality Company (DRH) has shown a rise of 6.6% or 819,386 shares in the short positions. The bets have increased to 13,264,231 shares on June 30,2016 from 12,444,845 shares on June 15,2016. With respect to the floated shares, the shorts are 6.7%. The days to cover are calculated to be 4, using the standard per day volume of 3,047,654 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.


Diamondrock Hospitality Company (NYSE:DRH): On Thursdays trading session , Opening price of the stock was $9.33 with an intraday high of $9.41. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $9.23. However, the stock managed to close at $9.28, a loss of 0.11% for the day. On the previous day, the stock had closed at $9.29. The total traded volume of the day was 2,259,265 shares.

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.

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