Shares of Diamondrock Hospitality Company (DRH) Drops by -0.21%

Diamondrock Hospitality Company (DRH) : During the past 4 weeks, traders have been relatively bearish on Diamondrock Hospitality Company (DRH), hence the stock is down -6.48% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.68% relative to the S&P 500. The 4-week change in the price of the stock is -2.39% and the stock has fallen -0.21% in the past 1 week. The stock has recorded a 20-day Moving Average of 1.47% and the 50-Day Moving Average is 3.49%.

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 $9.31 and $9.06 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.40. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.38, notching a gain of 1.08% for the day. The total traded volume was 2,363,361 . The stock had closed at $9.28 on the previous day.


The company Insiders own 1.2% of Diamondrock Hospitality Company shares according to the proxy statements. In a related news, The Securities and Exchange Commission has divulged that Tennis William J, officer (EVP & General Counsel) of Diamondrock Hospitality Co, had unloaded 100 shares at an average price of $14.95 in a transaction dated on March 24, 2015. The total value of the transaction was worth $1,495.

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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