|Last Price$11.04||Day Change (%)1.47%|
|Open Price$10.89||Day Change ($)0.16|
|Day Range10.85–11.05||52-Week Range10.17–16.01|
As of Wed 11/25/2015 5:24:00 PM | USD
In general, real estate stocks have tempered toward fair value.
As investors have fled to perceived safety, real estate valuations have diverged sharply.
DiamondRock Hospitality DRH announced second-quarter results July 25 that met our expectations. Our fair value estimate is unchanged. The firm's strategy of holding upscale hotels in high barrier-to-entry urban markets has paid off in the quarter as nightly revenue per room increased nearly 9% from ...