Diamondrock Hospitality Co
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Real Estate : Equity Real Estate Investment Trusts (REITs) | Small Cap Value
Company profile

DiamondRock Hospitality Company is a real estate investment trust (REIT). As of December 31, 2016, the Company owned a portfolio of 26 hotels and resorts that contains 9,472 guest rooms located in 17 different markets in North America and the United States Virgin Islands. Its business is to acquire, own, asset manage and renovate hotel properties in the United States. Its portfolio is concentrated in gateway cities and destination resort locations. It conducts its business through an umbrella partnership REIT (UPREIT) in, which its hotels are owned by subsidiaries of its operating partnership, DiamondRock Hospitality Limited Partnership. The Company is the general partner of its operating partnership and owns, either directly or indirectly, all of the limited partnership units of its operating partnership. The Company leases all of its domestic hotels to taxable REIT subsidiary, Bloodstone TRS, Inc. (TRS) lessees.

Postmarket

Last Trade
Delayed
$0.00
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$8.72
Day's Change
0.30 (3.56%)
Bid
--
Ask
--
B/A Size
--
Day's High
8.93
Day's Low
8.40
Volume
(Heavy Day)
Volume:
9,208,675

10-day average volume:
3,600,119
9,208,675

Nio price target upped to $34 at Deutsche Bank

11:16 am ET November 3, 2020 (MarketWatch)
Print

Analysts at Deutsche Bank on Tuesday raised their price target on the American depositary receipts of Nio Inc. (NIO) by $8 to $34, following another record sales month for the Chinese electric-car maker and the belief that its order book will "remain robust." The analysts reiterated their buy rating on the stock. There's some risk that Tesla Inc. (TSLA) could cut the price of its locally made Model Y, "which could potentially hurt near-term sentiment and slow Nio's order book momentum considering it would be a direct competitor to Nio's EC6 and ES6 vehicles. "Beyond that, as BEV adoption increases and word of mouth spreads ... we continue to believe NIO can take material share in the premium segment as consumers begin to understand the value proposition and quality of its products and services," analyst Edison Yu said in a note. Nio's ADRs surged on Monday after news its sales doubled in October. The ADRs have gained more than 760% this year, compared with gains around 5% for the S&P 500 index.

-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

November 03, 2020 11:16 ET (16:16 GMT)

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