|Last Price$10.07||Day Change (%)1.10%|
|Open Price$9.97||Day Change ($)0.11|
|Day Range9.92–10.09||52-Week Range7.28–13.64|
As of Fri 7/22/2016 7:36:00 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 ...