|Last Price$9.39||Day Change (%)-0.53%|
|Open Price$9.45||Day Change ($)-0.05|
|Day Range9.33–9.57||52-Week Range7.28–12.84|
As of Fri 9/23/2016 6:01:00 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 ...