Free Stock Performance Review Report on DiamondRock Hospitality and Three Other Hotel REIT Stocks
Stock Research Monitor: APLE, AHT, and HT
LONDON, UK / ACCESSWIRE / May 9, 2018 / If you want a free Stock Review on DRH sign up now at www.wallstequities.com/registration. Today’s research on WallStEquities.com is focused on the recent performance of the following Hotel Motel REIT stocks: Apple Hospitality REIT Inc. (NYSE: APLE), Ashford Hospitality Trust Inc. (NYSE: AHT), DiamondRock Hospitality Co. (NYSE: DRH), and Hersha Hospitality Trust. Hotel Real Estate Investment Trusts (REITs) (NYSE: HT) can acquire, improve, develop, lease, and manage properties in the Hotel, Lodging, Hospitality, and Resort industries. All you have to do is sign up today for this free limited time offer by clicking the link below.
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Apple Hospitality REIT
Apple Hospitality REIT Inc.’s stock finished Tuesday’s session 1.24% lower at $18.37 with a total trading volume of 1.09 million shares. Over the last month and the previous three months, the Company’s shares have advanced 6.43% and 0.22%, respectively. The stock is trading above its 50-day moving average by 4.83%. Moreover, shares of the Company, which owns one of the largest portfolios of upscale, select-service hotels in the US, have a Relative Strength Index (RSI) of 64.13.
On May 03rd, 2018, Apple Hospitality REIT announced that it acquired the newly constructed 210-room Hampton Inn & Suites by Hilton® Phoenix Downtown for a purchase price of approximately $44 million, or $210,000, per key. The new Hampton Inn & Suites by Hilton®, located at 77 East Polk Street in Phoenix, Arizona, is in the heart of downtown Phoenix, with exposure to a wide variety of corporate, academic, medical, government, and leisure demand generators. Get the full research report on APLE for free by clicking below at:
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Ashford Hospitality Trust
Shares in Ashford Hospitality Trust Inc. declined 1.81%, ending yesterday’s session at $7.04. A total volume of 734,271 shares was traded, which was above their three months average volume of 483,890 shares. The stock has gained 8.14% in the past month, 20.55% in the previous three months, and 15.79% over the past year. The Company’s shares are trading 6.73% above their 50-day moving average and 8.44% above their 200-day moving average. Moreover, shares of the Company, which focuses on investing opportunistically in the hospitality industry in upper upscale, full-service hotels, have an RSI of 57.49.
On May 03rd, 2018, Ashford Inc., which serves as the advisor to Ashford Hospitality Trust, reported its Q1 2018 results. Net loss attributable to the Company for Q1 2018 totaled $5.7 million, total revenue was $48.2 million, and adjusted EBITDA was $5.4 million. At the end of the quarter, the Company had approximately $6.3 billion of assets under management. As of March 31st, 2018, the Company had corporate cash of $30.8 million. Find your free research report on AHT at:
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DiamondRock Hospitality
On Tuesday, DiamondRock Hospitality Co.’s stock rose slightly by 0.43%, to close the day at $11.56. A total volume of 2.22 million shares was traded. The Company’s shares have advanced 12.56% in the last month, 3.21% in the previous three months, and 5.96% over the past year. The stock is trading 8.15% and 4.63% above its 50-day and 200-day moving averages, respectively. Additionally, shares of DiamondRock Hospitality, which has strategically positioned its hotels to be operated both under leading global brand families such as Hilton and Marriott as well as unique boutique hotels in the lifestyle segment, have an RSI of 71.03.
On May 03rd, 2018, DiamondRock Hospitality announced its results for the quarter ended March 31st, 2018. Net income for Q1 2018 was $4.3 million, comparable RevPAR was $157.38, and comparable hotel adjusted EBITDA was 24.42%. Adjusted EBITDA for the quarter was $43.4 million, and adjusted FFO was $33.7 million. Sign up today for the free research report on DRH at:
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Hersha Hospitality Trust
Shares in Hersha Hospitality Trust ended the day 0.26% lower at $19.39. A total volume of 495,323 shares was traded. The stock has gained 6.89% in the last month, 11.37% in the previous three months, and 5.32% over the past year. The Company’s shares are trading above their 50-day and 200-day moving averages by 6.69% and 7.19%, respectively. Furthermore, shares of the Company, which owns and operates high quality upscale hotels in urban gateway markets and coastal destinations, have an RSI of 63.46.
On April 24th, 2018, Hersha Hospitality Trust announced its Q1 2018 results. Net loss applicable to common shareholders was ($14.1 million) for the quarter, adjusted funds from operations were $2.7 million, and RevPAR at the Company’s 37 comparable hotels was $154.94. As of March 31st, 2018, the Company had $31.6 million of cash and cash equivalents, and $250 million in its senior unsecured revolving line of credit.
On April 26th, 2018, research firm B. Riley FBR, Inc. downgraded the Company’s stock rating from ‘Buy’ to ‘Neutral’, with a target price of $20 per share. Wall St. Equities’ research coverage also includes the downloadable free report on HT at:
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