DiamondRock Hospitality Company is a self-advised REIT owning a geographically diverse portfolio of hotels in leisure destinations and gateway markets. Operating through DiamondRock Hospitality Limited Partnership, its primary business is acquiring, owning, renovating, and managing U.S. hotel properties. Notable hotels include Chico Hot Springs Resort, Lake Austin Spa Resort, Kimpton Shorebreak Fort Lauderdale Beach Resort, Tranquility Bay, Bourbon Orleans Hotel, Henderson Beach Resort, Cavallo Point, and more. The company owns about 36 hotels and resorts with over 9,700 guest rooms across 25 U.S. markets. We show 63 historical shares outstanding datapoints in our DRH shares outstanding history coverage, used to compute DRH market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing DRH market cap history over the course of time is important for investors
interested in comparing DRH's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of DRH versus a peer is one thing; comparing
DRH market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like DRH can fluctuate over the course of history.
With this page we aim to empower investors researching DRH by allowing them to research the DRH market cap history. |
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Video: The Importance of Market Cap
