DRH Stock Summary and Trading Ideas (Diamondrock Hospitality Company | NYSE:DRH)

Diamondrock Hospitality Company is a real estate investment trust that owns lodging properties. Its business is to acquire, own, manage, and renovate full-service hotel properties in the United States. It operates in cities such as Chicago, Boston, New York, Denver, and others. Within DiamondRock's holdings, the majority of the hotel brands include Marriott, Starwood, and Hilton. The revenue is divided between room, food and beverage, and others. The room segment contributes the majority of the revenue. The firm's customers include leisure transient, business transient, and group customers.

Diamondrock Hospitality Company trades on the NYSE stock market under the symbol DRH.

As of April 15, 2024, DRH stock price climbed to $9.31 with 5,673,756 million shares trading.

DRH has a beta of 1.33, meaning it tends to be more sensitive to market movements. DRH has a correlation of 0.35 to the broad based SPY ETF.

DRH has a market cap of $1.96 billion. This is considered a Small Cap stock.

In the last 3 years, DRH stock traded as high as $11.15 and as low as $7.14.

The top ETF exchange traded funds that DRH belongs to (by Net Assets): IJR, VNQ, VTI, VB, IWM.

DRH has underperformed the market in the last year with a return of +17.0%, while the SPY ETF gained +25.3%. In the last 3 month period, DRH fell short of the market, returning -0.3%, while SPY returned +6.2%. However, in the most recent 2 weeks DRH has outperformed the stock market by returning -3.1%, while SPY returned -3.6%.

DRH support price is $9.14 and resistance is $9.42 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DRH stock will trade within this expected range on the day.