|Last Price$8.67||Day Change (%)-4.57%|
|Open Price$9.01||Day Change ($)-0.42|
|Day Range8.66–9.01||52-Week Range7.28–13.86|
As of Mon 6/27/2016 3:42:00 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 ...