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

UPDATE: Tesla, Bloom Energy stocks get an Election Day boost

6:33 pm ET November 3, 2020 (MarketWatch)
Print

BY Claudia Assis

Tesla Inc. stock and other select few electric-car and alternative-energy stocks rallied on Tuesday, readily outperforming traditional-energy stocks amid a broader stock-market rally.

Tesla (TSLA) stock rose 5.84%, its largest one-day gain since Sept. 15, when it rose 7.18%. The stock's close at $423.90 was its best in nearly two weeks. Tesla shares have quintupled this year.

Shares of Nikola Corp. (NKLA) and the American depositary receipts of China's Nio Inc. (NIO), both makers of electric vehicles, also outperformed the broad market as well as the day's gains for General Motors Co. (GM) and Ford Motor Co. (F).

Don't miss:What the election could mean for Tesla, Fisker and their EV rivals (https://www.marketwatch.com/story/what-the-election-could-mean-for-tesla-fisker-and-their-ev-rivals-11604376471)

U.S. markets got over early Election Day jitters to surge on Tuesday (https://www.marketwatch.com/story/dow-surges-over-600-points-as-stock-market-sees-for-best-election-day-gain-since-2008-11604437963?mod=markets).

Other large gainers in the so-called green energy camp Tuesday included Bloom Energy Corp. (BE), which shot up more than 13%, and Fuel Cell Energy Inc. (FCEL) and Plug Power Inc. (PLUG)

The rally did not extend to shares of solar-power companies, for the most part, with SunRun Inc. (RUN) ending the day in the red and SolarEdge Technologies Inc. (SEDG) adding to its late-Monday stumble.

SolarEdge, a maker of solar inverters and other devices, late Monday reported below-expectations third-quarter sales (https://www.marketwatch.com/story/solaredge-stock-falls-15-on-q3-sales-miss-weaker-q4-sales-guidance-2020-11-02) and guided for weaker sales in the fourth quarter.

Two of the largest exchange-traded funds focusing on solar and other clean-energy stocks diverged on Tuesday, with the iShares Global Clean Energy (ICLN) underperforming the S&P 500 index only slightly and the Invesco Solar ETF (TAN) ending in the red.

Both have had hefty gains for the year, up 71% and 125% respectively, and have SunRun among their top holdings (https://www.marketwatch.com/story/here-are-the-clean-energy-etfs-and-stocks-that-are-soaring-in-2020-2020-09-29). In comparison, the S&P 500 index has gained 4.3% so far in 2020.

Tuesday's performance for the solar ETFs compared with steeper losses for ETFs dedicated to oil and gas shares, however. The SPDR Energy Select Sector (XLE) is down 51% for the year on concerns that the pandemic will continue to chip away at demand for oil and gas and bouts of oversupply.

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

(END) Dow Jones Newswires

November 03, 2020 18:33 ET (23:33 GMT)

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