Diamondrock Hospitality Is Trading In Upside Price Channel

Diamondrock Hospitality (DRH), a real estate investment trust (REIT) that owns 16 premium full-service hotels, five resort and conference centers and three premium urban select-service hotels, is on the price upside. Currently DRH is trading in the middle of its upside price channel.

The stock pays a $0.72 annual dividend with a 4 percent yield.

Its geographically diverse portfolio of upscale properties, many of which are Marriott and Renaissance facilities, makes DRH an attractive real estate investment for long-term dividend reinvestment investors.

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Posted December 12, 2006.