|Last Price$8.91||Day Change (%)-2.41%|
|Open Price$9.11||Day Change ($)-0.22|
|Day Range8.81–9.20||52-Week Range7.28–14.02|
As of Fri 4/29/2016 6:36:00 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 ...