Active Broker’s Concerns In Focus: DiamondRock Hospitality (NYSE:DRH), Cloud Peak Energy (NYSE:CLD)

DiamondRock Hospitality Company (NYSE:DRH) [Trend Analysis] knocking active thrust in leading trading session, shares a loss of -0.96% to 11.38 with around 4.53 Million shares have changed hands in this session. DiamondRock Hospitality Co. (DRH) declared a key measure of profitability in its fourth quarter. The results surpassed Wall Street expectations. The Bethesda, Maryland-based real estate investment trust said it had funds from operations of $48.4 million, or 24 cents per share, in the period.

The average estimate of 10 analysts surveyed by Zacks Investment Research was for funds from operations of 23 cents per share.  Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization. The company said it had net income of $23.9 million, or 12 cents per share. The stock is going forward its fifty-two week low with 45.93% and lagging behind from its 52-week high price with -5.17%.

Similar, the positive performance for the quarter recorded as 13.58% and for the year was 40.95%, while the YTD performance remained at -1.30%. DRH has Average True Range for 14 days of 0.26.

Cloud Peak Energy Inc. (NYSE:CLD) [Trend Analysis] retains strong position in active trade, as shares scoring -3.24% to $5.68 in active trade session, while looking at the shares volume, around 1.44 Million shares have changed hands in this session. Cloud Peak Energy Inc. (CLD) reported that it has priced a registered underwritten public offering of 13,500,000 shares of its common stock at a price to the public of $5.10 per share. The Company has granted the underwriters a 30-day option to purchase 2,000,000 additional shares of its common stock.

The Company intends to use the net proceeds from the offering to fund the full redemption of its outstanding 8.50% Senior Notes due 2019, plus accrued and unpaid interest to the redemption date, with any remaining proceeds to be used for general corporate purposes.

The Company expects to close the offering on February 28, 2017, subject to the satisfaction of customary closing conditions. The firm has institutional ownership of 84.40%, while insider ownership included 0.90%. CLD attains analyst recommendation of 2.90 with week’s performance of -3.73%. Investors looking further ahead will note that the Price to next year’s EPS is -4.00%.

 

About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

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