Today's Research Report Coverage on REIT Stocks -- DiamondRock Hospitality, Host Hotels & Resorts, LaSalle Hotel Properties, and MGM Growth Properties
NEW YORK, November 15, 2017 /PRNewswire/ --
If you want a Stock Review on DRH, HST, LHO, or MGP then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. Today's research reports have been issued by DailyStockTracker.com on DiamondRock Hospitality Co. (NYSE: DRH), Host Hotels & Resorts Inc. (NYSE: HST), LaSalle Hotel Properties (NYSE: LHO), and MGM Growth Properties LLC (NYSE: MGP). Hotel and Motel REITs own and operate hospitality properties including limited, full-service, as well as extended-stay hotels and motels. These REITs tend to offer dividend yields that are well above the wider market average. Learn more about these stocks by signing up for their free reports on DailyStockTracker.com at:
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DiamondRock Hospitality
On Tuesday, shares in Bethesda, Maryland-based DiamondRock Hospitality Co. recorded a trading volume of 1.80 million shares. The stock ended the session 0.18% lower at $11.12. The Company's shares have gained 1.18% in the last one month. The stock is trading 1.87% above its 50-day moving average and 0.03% above its 200-day moving average. Moreover, shares of DiamondRock Hospitality, which owns premium hotels and resorts in North America, have a Relative Strength Index (RSI) of 53.45.
On November 06th, 2017, DiamondRock Hospitality announced results of operations for the quarter ended September 30th, 2017. Net income for Q3 2017 was $21.6 million; comparable RevPAR was $195.13; and comparable hotel adjusted EBITDA margin was 31.70%. Adjusted EBITDA for the quarter was $63.1 million, and adjusted FFO was $50.1 million. As of September 30th, 2017, the Company had $166.6 million of unrestricted cash on hand and approximately $940.8 million of total debt.
On November 07th, 2017, research firm Evercore ISI upgraded the Company's stock rating from 'Underperform' to 'In-line'. The free research report on DRH is available at:
http://dailystocktracker.com/registration/?symbol=DRH
Host Hotels & Resorts
Bethesda, Maryland-based Host Hotels & Resorts Inc.'s stock closed the day 0.30% lower at $19.97 with a total trading volume of 3.21 million shares. The Company's shares have advanced 2.94% in the past month, 9.54% in the previous three months, and 6.00% since the start of this year. The stock is trading 5.56% and 8.41% above its 50-day and 200-day moving averages, respectively. Additionally, shares of the Company, which engages in the ownership and operation of hotel properties, have an RSI of 61.95.
On November 01st, 2017, Host Hotels & Resorts reported Q3 2017 results. Net income decreased to $105 million for the quarter, total revenues decreased to $1.3 billion, adjusted EBITDA decreased to $317 million, and adjusted FFO per diluted share decreased to $0.33 million. At September 30th, 2017, the Company had approximately $789 million of unrestricted cash and $807 million of available capacity remaining under the revolver portion of its credit facility.
On November 06th, 2017, research firm Wells Fargo upgraded the Company's stock rating from 'Market Perform' to 'Outperform'. The complimentary report on HST can be downloaded at:
http://dailystocktracker.com/registration/?symbol=HST
LaSalle Hotel Properties
Shares in Bethesda, Maryland-based LaSalle Hotel Properties recorded a trading volume of 939,033 shares. The stock ended yesterday's trading session 0.32% lower at $28.33. The Company's shares are trading below their 50-day moving average by 1.93%. Furthermore, shares of the Company, which engages in the purchase, ownership, redevelopment, and leasing of primarily upscale and luxury full-service hotels in convention, resort, and urban business markets in the US, have an RSI of 44.17.
On October 19th, 2017, LaSalle Hotel Properties announced results for the quarter ended September 30th, 2017. Net income attributable to common shareholders for the quarter was $31.1 million, adjusted EBITDA was $93.5 million, and adjusted FFO was $77.4 million. Excluding Key West, the Company's Q3 2017 RevPAR decreased to $219.38 and its hotel EBITDA margin was 34.8%. As of September 30th, 2017, the Company had total outstanding debt of $1.1 billion.
On October 30th, 2017, research firm Raymond James downgraded the Company's stock rating from 'Outperform' to 'Market Perform'. Visit us today and download our complete research report on LHO for free at:
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MGM Growth Properties
Las Vegas, Nevada-based MGM Growth Properties LLC's stock finished Tuesday's session 0.44% higher at $29.75 with a total trading volume of 428,464 shares. The Company's shares have advanced 2.02% in the last one month and 17.54% since the start of this year. The stock is trading above its 200-day moving average by 4.43%. Additionally, shares of the Company, which engages in owning, acquiring, and leasing casino resort properties in the US, have an RSI of 51.59.
On November 08th, 2017, MGM Growth Properties reported financial results for the quarter ended September 30th, 2017. Rental revenue for Q3 2017 was $163.2 million, net income was $43.7 million, FFO was $114.0 million, and adjusted EBITDA was $162.8 million. The Company had $1,138.8 million of cash and cash equivalents as of September 30th, 2017. Get free access to your technical report on MGP at:
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