|Last Price$12.61||Day Change (%)0.56%|
|Open Price$12.60||Day Change ($)0.07|
|Day Range12.55–12.70||52-Week Range12.21–16.01|
As of Fri 7/31/2015 5:43:00 PM | USD
DiamondRock Acquires Key West Hotel For $94 Million
DiamondRock Refinances The JW Marriott Denver
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 ...