|Last Price$9.47||Day Change (%)1.66%|
|Open Price$9.33||Day Change ($)0.16|
|Day Range9.33–9.50||52-Week Range7.28–12.66|
As of Mon 10/24/2016 11:26:00 AM | 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 ...