DRH Stock Recent News

BETHESDA, Md. , March 24, 2023 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) will report financial results for the first quarter 2023 after the market closes on Thursday, May 4, 2023.

U.S. equity markets posted their worst week of the year as benchmark interest rates jumped to three-month highs on data showing a surprising reacceleration in inflation and economic activity in January. Declining for a third straight week - a skid that follows a stretch of four-of-five weekly gains to start the year - the S&P 500 dipped 2.7% while the Nasdaq declined over 3%.

DiamondRock Hospitality (DRH) delivered FFO and revenue surprises of 0% and 1.98%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

DiamondRock Hospitality Company (NYSE:DRH ) Q4 2022 Earnings Conference Call February 21, 2023 8:30 AM ET Company Participants Briony Quinn - Senior Vice President and Treasurer Mark Brugger - President, Chief Executive Officer Jeff Donnelly - Executive Vice President and Chief Financial Officer Justin Leonard - Executive Vice President and Chief Operating Officer Conference Call Participants Smedes Rose - Citi Dany Asad - Bank of America Michael Bellisario - R.W. Baird Anthony Powell - Barclays Duane Pfennigwerth - Evercore ISI Patrick Scholes - Truist Securities Chris Woronka - Deutsche Bank Floris van Dijkum - Compass Point LLC Chris Darling - Green Street Stephen Grambling - Goldman Sachs Bill Crow - Raymond James Operator Good day and thank you for standing by.

DiamondRock Hospitality (DRH) delivered FFO and revenue surprises of 0% and 1.98%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

DiamondRock Hospitality REIT will likely post a full-year AFFO per share of in excess of $0.90, indicating the stock trades at just 9X AFFO. While that's cheap, it may get even cheaper as DiamondRock has started to buy back its own shares.

BETHESDA, Md. , Dec. 20, 2022 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) will report financial results for the fourth quarter 2022 on the morning of Tuesday, February 21, 2023, before the market opens.

DiamondRock Hospitality Company (NYSE:DRH ) Q3 2022 Earnings Conference Call November 4, 2022 9:00 AM ET Company Participants Mark Brugger – President, Chief Executive Officer Jeff Donnelly – Executive Vice President and Chief Financial Officer Justin Leonard – Executive Vice President and Chief Operating Officer Conference Call Participants Smedes Rose – Citi Austin Wurschmidt – KeyBanc Michael Bellisario – R.W. Baird Duane Pfennigwerth – Evercore ISI Anthony Powell – Barclays Bill Crow – Raymond James Operator Good morning, everyone.

DiamondRock Hospitality (DRH) delivered FFO and revenue surprises of 7.69% and 3.14%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

DiamondRock owns a portfolio of hotels in the USA and is benefiting from the rebound in travel. The AFFO and AFFO per share increased by double digits compared to the second quarter of 2019, the last pre-COVID year.