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

Li Auto's stock soars toward a record ahead of first earnings report

2:57 pm ET November 12, 2020 (MarketWatch)
Print

Shares of Li Auto Inc. (LI) soared 25.8% toward a record on heavy volume in afternoon trading Thursday, as upbeat results from fellow China-based electric vehicle maker XPeng Inc. (XPEV) gave investors reason to be optimistic ahead of Li's first quarterly report since going public in late-July. Trading volume jumped to 67.6 million shares, compared with the full-day average of 11.6 million shares. Li is slated to report third-quarter results early Friday, with analysts surveyed by FactSet expecting a per-share loss of RMB0.24 on revenue of RMB2.42 billion ($365.7 million). XPeng's stock rocketed 37.0% toward a record in afternoon trading, after the company reported a loss that widened from a year ago but revenue that rose more than fourfold (http://www.marketwatch.com/story/xpengs-stock-soars-as-china-based-ev-maker-reports-more-than-fourfold-jump-in-revenue-2020-11-12) as deliveries jumped 266%. Fellow China-based EV maker Nio Inc. (NIO) also rose XPeng's coattails, as the stock shot up 12.3%, also toward a record; Nio is scheduled to report third-quarter results on Nov. 17. The big rallies in the China-based EV makers comes as the iShares MSCI China ETF (MCHI) is gaining 0.3%, while shares of U.S.-based rival Tesla Inc. (TSLA) are falling 1.4% and the S&P 500 is dropping 1.3%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

November 12, 2020 14:57 ET (19:57 GMT)

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