Diamondrock Hospitality Price, Forecast, Insider, Ratings, Fundamentals & Signals

Comparable total revenues 3.8% above 2023 raises midpoint of full year guidance bethesda, md. , may 2, 2024 /prnewswire/ -- diamondrock hospitality company (the "company") (nyse: drh), a lodging-focused real estate investment trust that owns a portfolio of 36 premium hotels and resorts in the united states, today announced results of operations for the quarter ended march 31, 2024.

Jeffrey donnelly appointed chief executive officer; briony quinn appointed chief financial officer; justin leonard appointed president appointments capitalize on diamondrock's strong bench and proven talent to drive continued business momentum company reaffirms 2024 annual guidance bethesda, md. , april 15, 2024 /prnewswire/ -- diamondrock hospitality company (the "company") (nyse: drh), a lodging-focused real estate investment trust that owns a portfolio of 36 premium hotels and resorts in the united states, today announced leadership changes and a simplified organizational structure to drive continued business momentum: jeffrey donnelly, previously executive vice president and chief financial officer, has been appointed chief executive officer.

Bethesda, md. , march 25, 2024 /prnewswire/ -- diamondrock hospitality company (the "company") (nyse: drh), a lodging-focused real estate investment trust that owns a portfolio of 36 premium hotels and resorts in the united states, today announced that bill tennis, its long-time executive vice president and general counsel, will retire effective june 30, 2024.

Bethesda, md. , march 14, 2024 /prnewswire/ -- diamondrock hospitality company (the "company") (nyse: drh) will report financial results for the first quarter 2024 after the market closes on thursday, may 2, 2024.

Bethesda, md. , march 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 april 12, 2024 to shareholders of record as of march 29, 2024.

While the top- and bottom-line numbers for DiamondRock Hospitality (DRH) give a sense of how the business performed in the quarter ended March 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 $0.17 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to FFO of $0.18 per share a year ago.

U.S. equity markets posted their worst week in a year while benchmark interest rates surged to five-month highs as investors monitored an intensification of geopolitical tensions and hawkish Fed commentary. Inflamed by resurgent energy prices and insatiable Federal government spending, Fed Chair Powell and other officials acknowledged a stalling-out of inflation progress in recent months and delayed cut expectations. Declining on all five trading sessions, the S&P 500 declined another 3.1% this week - its worst week since March 2023 - while high-flying technology stocks were hit particularly hard.

Hotel REITs experienced a significant drop in share value during the COVID-19 pandemic but have since recovered and outperformed the Vanguard Real Estate ETF. Consumer spending is shifting towards services like travel and leisure, which bodes well for Hotel REITs. Hotel REITs have posted the fourth-best total returns among REIT sectors in 2024, indicating their potential for future growth.

The headline numbers for DiamondRock Hospitality (DRH) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

DiamondRock Hospitality (DRH) came out with quarterly funds from operations (FFO) of $0.18 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.23 per share a year ago.

Beyond analysts' top -and-bottom-line estimates for DiamondRock Hospitality (DRH), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2023.

DiamondRock Hospitality Company (NYSE:DRH ) Q3 2023 Earnings Conference Call November 1, 2023 10:00 AM ET Company Participants Briony Quinn - Senior Vice President & Treasurer Mark Brugger - President & Chief Executive Officer Jeff Donnelly - Executive Vice President & Chief Financial Officer Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Smedes Rose - Citi Duane Pfennigwerth - Evercore ISI Dori Kesten - Wells Fargo Securities Chris Woronka - Deutsche Bank Floris Van Dijkum - Compass Point Anthony Powell - Barclays Bank Dany Asad - Bank of America Bill Crow - Raymond James Chris Darling - Green Street Mike Bellisario - Baird Operator Good day, ladies and gentlemen. Thank you for standing by.

BETHESDA, Md. , Sept. 11, 2023 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) will report financial results for the third quarter 2023 before the market opens on Wednesday, November 1, 2023.

Market is ignoring factors such as interest rate sensitivity, upside to par, call date, and risk shifting in pricing preferred stocks. Mispricing is evident in the relative pricing of hotel REIT preferred stocks with similar risk factors. Investors should consider total expected annual return, interest rate sensitivity, and upside potential when evaluating preferred stocks.