DRH Stock Recent News

BETHESDA, Md. , Jan. 15, 2025 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) announced today that its Board of Directors (the "Board") increased the size of the Board from eight to nine members and appointed Stephanie Lepori to the Board, effective January 15, 2025.

BETHESDA, Md. , Jan. 8, 2025 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) will report financial results for the fourth quarter and full year 2024 after the market closes on Thursday, February 27, 2025.

On September 30, 2024, FMR LLC (Trades, Portfolio) executed a significant transaction involving the shares of Diamondrock Hospitality Co (DRH, Financial), a well-known player in the REITs industry. The firm reduced its holdings by 12,399,040 shares, which resulted in a decrease of 99.90% from its previous position.

BETHESDA, Md. , Sept. 4, 2024 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) will report financial results for the third quarter 2024 after the market closes on Thursday, November 7, 2024.

BETHESDA, Md. , Sept. 4, 2024 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) announced that its Board of Directors has declared a quarterly cash dividend of $0.03 per common share to be paid on October 11, 2024 to shareholders of record as of September 30, 2024.

DiamondRock Hospitality reported strong Q2 earnings with revenue up 4.8% YoY, FFO per share beating estimates, and increased adjusted EBITDA by 7.8%. The company repurchased $20.6mn worth of shares in Q2 and has $176.5mn remaining capacity for future repurchases. DRH's low forward AFFO payout ratio and net debt position suggest potential for future growth and value creation for shareholders.

DiamondRock Hospitality (DRH) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

DiamondRock Hospitality Company (NYSE:DRH ) Q2 2024 Earnings Conference Call August 2, 2024 9:00 AM ET Company Participants Briony Quinn - CFO Jeff Donnelly - CEO Justin Leonard - President and COO Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Patrick Scholes - Truist Dori Kesten - Wells Fargo Securities Smedes Rose - Citi Duane Pfennigwerth - Evercore ISI Michael Bellisario - Baird Dany Asad - Bank of America Chris Woronka - Deutsche Bank Chris Darling - Green Street William Crow - Raymond James Operator Good day and thank you for standing by. Welcome to DiamondRock Hospitality Company Second Quarter 2024 Earnings Conference Call.

While the top- and bottom-line numbers for DiamondRock Hospitality (DRH) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

DiamondRock Hospitality (DRH) came out with quarterly funds from operations (FFO) of $0.34 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to FFO of $0.32 per share a year ago.