Diamondrock Hospitality Company (DRH) : Diamondrock Hospitality Company (DRH) had a healthy money flow of $5.4 million into the stock during the Tuesdays trading session. The value of bullish trades on upticks was $7.89 million, whereas, investors only sold shares worth $2.49 million on downticks. The stock closed the day with an up-down ratio of 3.17.The money flow in the block trades to the tune of $5.55 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $5.55 million worth of transactions were on upticks. Diamondrock Hospitality Company (DRH) stock slid $0.03 intraday and traded at 10.64, a change of -0.28% over previous days close. However, for the week, the company shares are -0.56% compared to previous weeks close.
Also, Deutsche Bank maintains its view on Diamondrock Hospitality Company (NYSE:DRH) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Deutsche Bank lowers the price target from $11 per share to $10 per share on Diamondrock Hospitality Company. The rating by the firm was issued on July 19, 2016.
Shares of Diamondrock Hospitality Co. rose by 0.47% in the last five trading days and 7.8% for the last 4 weeks. Diamondrock Hospitality Co. is up 20.23% in the last 3-month period. Year-to-Date the stock performance stands at 13.34%.
Diamondrock Hospitality Company (NYSE:DRH): The stock opened at $10.70 on Tuesday but the bulls could not build on the opening and the stock topped out at $10.70 for the day. The stock traded down to $10.45 during the day, due to lack of any buying support eventually closed down at $10.64 with a loss of -0.28% for the day. The stock had closed at $10.67 on the previous day. The total traded volume was 2,904,161 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.