DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in top gateway markets and destination resort locations. The Company owns 31 premium quality hotels with over 10,000 rooms. The Company has strategically positioned its hotels to be operated both under leading global brand families as well as unique boutique hotels in the lifestyle segment.
IPO Year: 2005
Exchange: NYSE
Website: drhc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/30/2025 | $9.50 | Underperform → Buy | BofA Securities |
| 11/22/2024 | $10.75 → $10.25 | Buy → Hold | Stifel |
| 11/15/2024 | $10.50 | Outperform → In-line | Evercore ISI |
| 8/5/2024 | $10.00 | Neutral → Buy | Compass Point |
| 1/10/2024 | $11.00 | Outperform | Wolfe Research |
| 12/8/2023 | $9.50 → $9.00 | Overweight → Equal Weight | Wells Fargo |
| 3/30/2023 | $10.50 → $9.00 | Equal Weight → Overweight | Wells Fargo |
| 12/5/2022 | $10.00 | Equal-Weight | Morgan Stanley |
| 10/18/2022 | In-line → Outperform | Evercore ISI | |
| 8/29/2022 | $11.00 → $10.00 | Overweight → Equal Weight | Wells Fargo |
Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.
4 - DiamondRock Hospitality Co (0001298946) (Issuer)
4 - DiamondRock Hospitality Co (0001298946) (Issuer)
4 - DiamondRock Hospitality Co (0001298946) (Issuer)
4 - DiamondRock Hospitality Co (0001298946) (Issuer)
4 - DiamondRock Hospitality Co (0001298946) (Issuer)
4 - DiamondRock Hospitality Co (0001298946) (Issuer)
4 - DiamondRock Hospitality Co (0001298946) (Issuer)
4 - DiamondRock Hospitality Co (0001298946) (Issuer)
4 - DiamondRock Hospitality Co (0001298946) (Issuer)
4 - DiamondRock Hospitality Co (0001298946) (Issuer)
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Completed $1.5 Billion Refinancing, No Debt Maturities Until 2028 Repurchased 3.6 Million Common Shares Year To Date Increasing Midpoint of 2025 Adjusted EBITDA and FFO Per Share Guidance BETHESDA, Md., Aug. 7, 2025 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE:DRH), a lodging 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 June 30, 2025. HIGHLIGHTS Net Income: Net income attributable to common stockholders was $38.4 million, or $0.18 pe
BETHESDA, Md., July 23, 2025 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE:DRH) today announced it successfully refinanced, upsized, and extended the maturities under its senior unsecured credit facility (the "Credit Facility"), further enhancing the strength and flexibility of its conservative balance sheet. The Company entered into an amendment and restatement of its existing $1.2 billion facility, increasing the size to $1.5 billion and extending the Company's maturity schedule. The Credit Facility is comprised of a $400 million revolving credit facility maturing in January 2031, inclusive of two six-month extension options, a $500 million term loan maturing in Jan
NEW YORK, June 2, 2025 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. Caroline Woods delivers the pre-market update on Jun 2nd Stocks are lower ahead of Monday's open after China accused the U.S. of breaching the terms of the trade deal agreed to last month, adding that it vows to respond. This is just the latest tension between the two sides.Investors will be paying attention to jobs data coming in this week. The Job Openings and Labor Turnover survey and the ADP Private Payrolls Report will give Wall Str
BETHESDA, Md., May 28, 2025 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE:DRH) will report financial results for the second quarter 2025 after the market closes on Thursday, August 7, 2025. The Company will hold a conference call to discuss its second quarter financial results and business outlook on Friday, August 8, 2025, at 9:00 a.m. Eastern Time (ET). The conference call will be accessible by telephone and through the internet. Interested individuals are requested to register for the call using this link to obtain dial-in and webcast details. Regi
Q1 Comparable RevPAR Increases 2.0% Declares Second Quarter 2025 Dividends BETHESDA, Md., May 1, 2025 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE:DRH), a lodging 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, 2025. Highlights Net Income: Net income attributable to common stockholders was $9.4 million, or $0.04 per diluted share, an increase of 59.3% compared to the first quarter of 2024.Comparable Revenues: $251.8 million, a
BETHESDA, Md., March 21, 2025 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE:DRH) will report financial results for the first quarter 2025 after the market closes on Thursday, May 1, 2025. The Company will hold a conference call to discuss its first quarter financial results and business outlook on Friday, May 2, 2025 at 11:00 a.m. Eastern Time (ET). The conference call will be accessible by telephone and through the internet. Interested individuals are requested to register for the call using this link to obtain dial-in and webcast details. Registratio
Full Year Results Exceed Guidance Completes Sale of the Westin Washington D.C. City Center Announces $0.08 First Quarter 2025 Dividend BETHESDA, Md., Feb. 27, 2025 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE:DRH), a lodging 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 and year ended December 31, 2024. Fourth Quarter 2024 Highlights Net Loss: Net loss attributable to common stockholders was $13.7 million, or ($0.07) per diluted share compa
Atlanta, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (NYSE:PDM) ("Piedmont"), a real estate investment trust (REIT), announced today the following appointments to its Board of Directors: Deneen Donnley, Senior Vice President and General Counsel, Consolidated Edison (NYSE:ED); Stephen E. Lewis, Retired Chair and Chief Executive Officer of Troutman Pepper; and Jeffrey J. Donnelly, Chief Executive Officer and Director of DiamondRock Hospitality (NYSE:DRH). With these three appointments, Piedmont's board of directors now consists of ten total members. Deneen Donnley: Ms. Donnley currently serves as Senior Vice President and General Counsel for Consolidated Edison, one
BETHESDA, Md., Feb. 19, 2025 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE:DRH) announced today that on February 19, 2025, it completed the sale of the 410-room Westin Washington, D.C. City Center (the "Hotel") for a contract price of $92.0 million. The sales price represents an 11.2x multiple on 2024 Hotel EBITDA and a 7.5% capitalization rate on 2024 Hotel net operating income, or a capitalization rate of 5.6% inclusive of the Company's projected capital expenditures. Excluding a one-time property tax credit and temporary discount on franchise fees the Hotel received in 2024, the sales price represents an 11.9x multiple on 2024 Hotel EBITDA and a 7.0% capitalization
BETHESDA, Md., Jan. 24, 2025 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE:DRH) announced the following tax treatment of the 2024 distributions to holders of the Company's common and Series A preferred stock. Security Description Ticker Symbol Record Date Payable Date Total Distribution per Share Ordinary Dividends (Box 1a) Section 199A Dividends (Box 5) Common DRH 3/29/2024 4/12/2024 $0.030000 $0.030000 $0.030000 Common DRH 6/28/2024 7/12/2024 $0.030000 $0.030000 $0.030000 Common DRH 9/30/2024 10/11/2024 $0.030000 $0.030000 $0.030000 Common DRH 12/31/2024 1/14/2025 $0.230000 $0.230000 $0.230000 Series A Preferred DRH Pr A 3/18/2024 3/29/2024 $0.515625 $0.515625 $0
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BofA Securities upgraded Diamondrock Hospitality from Underperform to Buy and set a new price target of $9.50
Stifel downgraded Diamondrock Hospitality from Buy to Hold and set a new price target of $10.25 from $10.75 previously
Evercore ISI downgraded Diamondrock Hospitality from Outperform to In-line and set a new price target of $10.50
Compass Point upgraded Diamondrock Hospitality from Neutral to Buy and set a new price target of $10.00
Wolfe Research initiated coverage of Diamondrock Hospitality with a rating of Outperform and set a new price target of $11.00
Wells Fargo downgraded Diamondrock Hospitality from Overweight to Equal Weight and set a new price target of $9.00 from $9.50 previously
Wells Fargo upgraded Diamondrock Hospitality from Equal Weight to Overweight and set a new price target of $9.00 from $10.50 previously
Morgan Stanley initiated coverage of Diamondrock Hospitality with a rating of Equal-Weight and set a new price target of $10.00
Evercore ISI upgraded Diamondrock Hospitality from In-line to Outperform
Wells Fargo downgraded Diamondrock Hospitality from Overweight to Equal Weight and set a new price target of $10.00 from $11.00 previously
Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.
4 - DiamondRock Hospitality Co (0001298946) (Issuer)
10-Q - DiamondRock Hospitality Co (0001298946) (Filer)
8-K - DiamondRock Hospitality Co (0001298946) (Filer)
SCHEDULE 13G/A - DiamondRock Hospitality Co (0001298946) (Subject)
8-K - DiamondRock Hospitality Co (0001298946) (Filer)
10-Q - DiamondRock Hospitality Co (0001298946) (Filer)
8-K - DiamondRock Hospitality Co (0001298946) (Filer)
SCHEDULE 13G/A - DiamondRock Hospitality Co (0001298946) (Subject)
8-K - DiamondRock Hospitality Co (0001298946) (Filer)
DEFA14A - DiamondRock Hospitality Co (0001298946) (Filer)
DEF 14A - DiamondRock Hospitality Co (0001298946) (Filer)
Live Leadership Updates
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. Ms. Lepori currently serves as Chief Administrative and Accounting Officer at Caesars Entertainment, Inc. ("Caesars") where she has responsibility for accounting, shared services, SEC and other external reporting, payroll, budgeting, insurance placement and captive management, and Caesars' internal collaboration between internal audit, compliance, and risk departments. She also oversees all functions o
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 Financ
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. Mr. Tennis, who joined the Company in 2010, has played a leading role in representing the Company in many of its strategic decisions and has been a trusted advisor to the Chief Executive Officer and other Company executives. Mr. Tennis received his undergraduate degree from Harvard University and his juris doctor from The New York Univer
BETHESDA, Md., July 13, 2022 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE:DRH) today announced the appointment of Justin Leonard as Executive Vice President and Chief Operating Officer effective July 18, 2022. Mr. Leonard will assume leadership responsibility of asset management and serve on the Company's executive committee, reporting directly to Mark W. Brugger, President & Chief Executive Officer. Prior to joining DiamondRock, Mr. Leonard was at Walton Street Capital, LLC for 20 years, most recently as a Senior Principal where he was responsible for the oversight and asset management of the firm's hotel investments since 2007. During his tenure, he directed the as
BETHESDA, Md., March 30, 2022 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE:DRH) today announced that Executive Vice President and Chief Operating Officer Thomas G. Healy is resigning from his position, effective April 15, 2022, to pursue new opportunities. Mr. Healy's responsibilities for overseeing asset management and redevelopment projects will be transitioned to Mark W. Brugger, President and Chief Executive Officer of the Company. "Tom has been instrumental in working with me to create the leading asset management team in the industry. On behalf of the entire DiamondRock team, I thank Tom for his significant contributions to the organization and wish him succes
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Completed $1.5 Billion Refinancing, No Debt Maturities Until 2028 Repurchased 3.6 Million Common Shares Year To Date Increasing Midpoint of 2025 Adjusted EBITDA and FFO Per Share Guidance BETHESDA, Md., Aug. 7, 2025 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE:DRH), a lodging 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 June 30, 2025. HIGHLIGHTS Net Income: Net income attributable to common stockholders was $38.4 million, or $0.18 pe
BETHESDA, Md., May 28, 2025 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE:DRH) will report financial results for the second quarter 2025 after the market closes on Thursday, August 7, 2025. The Company will hold a conference call to discuss its second quarter financial results and business outlook on Friday, August 8, 2025, at 9:00 a.m. Eastern Time (ET). The conference call will be accessible by telephone and through the internet. Interested individuals are requested to register for the call using this link to obtain dial-in and webcast details. Regi
BETHESDA, Md., March 21, 2025 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE:DRH) will report financial results for the first quarter 2025 after the market closes on Thursday, May 1, 2025. The Company will hold a conference call to discuss its first quarter financial results and business outlook on Friday, May 2, 2025 at 11:00 a.m. Eastern Time (ET). The conference call will be accessible by telephone and through the internet. Interested individuals are requested to register for the call using this link to obtain dial-in and webcast details. Registratio
Full Year Results Exceed Guidance Completes Sale of the Westin Washington D.C. City Center Announces $0.08 First Quarter 2025 Dividend BETHESDA, Md., Feb. 27, 2025 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE:DRH), a lodging 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 and year ended December 31, 2024. Fourth Quarter 2024 Highlights Net Loss: Net loss attributable to common stockholders was $13.7 million, or ($0.07) per diluted share compa
BETHESDA, Md., Jan. 24, 2025 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE:DRH) announced the following tax treatment of the 2024 distributions to holders of the Company's common and Series A preferred stock. Security Description Ticker Symbol Record Date Payable Date Total Distribution per Share Ordinary Dividends (Box 1a) Section 199A Dividends (Box 5) Common DRH 3/29/2024 4/12/2024 $0.030000 $0.030000 $0.030000 Common DRH 6/28/2024 7/12/2024 $0.030000 $0.030000 $0.030000 Common DRH 9/30/2024 10/11/2024 $0.030000 $0.030000 $0.030000 Common DRH 12/31/2024 1/14/2025 $0.230000 $0.230000 $0.230000 Series A Preferred DRH Pr A 3/18/2024 3/29/2024 $0.515625 $0.515625 $0
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. A conference call for investors and other interested parties is scheduled for the next day on Friday, February 28, 2025 at 10:00 a.m. Eastern Time (ET). The information to be discussed on the call will be contained in the Company's earnings release, which will be available in the Investor Relations section of the Company's website at www.drhc.com. The conference call will be accessible by telephone and through the internet. Interested individuals are requested to
Common Dividends for 2024 Total $0.32 Per Share BETHESDA, Md., Dec. 9, 2024 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE:DRH) announced that its Board of Directors has declared a fourth quarter dividend of $0.23 per common share, which includes the Company's regular quarterly dividend of $0.03 per common share, along with a stub dividend of $0.20 per common share. The dividend will be paid on January 14, 2025 to shareholders of record as of December 31, 2024. The fourth quarter dividend, together with the regular dividends declared for the first three quarters of 2024, total $0.32 per share and represent an annual yield of 3.3% based on the closing stock price on De
BETHESDA, Md., Nov. 15, 2024 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE:DRH) today announced it has acquired the fee simple interest in the 245-room AC Hotel Minneapolis Downtown (the "Hotel") for $30 million, or approximately $122,000 per key with cash on hand. The Hotel, constructed in 2016, is located in downtown Minneapolis, which has one of the largest concentrations of Fortune 1000 companies in the world and is also a major hub for biotechnology and medical innovation. "The AC Hotel Minneapolis Downtown represents an opportunity to acquire a recently constructed urban hotel with good in-place cash flow in a rapidly recovering hotel market with a strong roste
BETHESDA, Md., Nov. 7, 2024 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE:DRH), a lodging 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 September 30, 2024. Third Quarter 2024 Highlights Net Income: Net income was $26.6 million, or $0.11 per diluted share.Comparable Revenues: $285.1 million, increased 2.5% compared to the third quarter of 2023.Comparable RevPAR: $214.44, increased 2.8% compared to the third quarter of 2023.Comparable Hotel Adjusted EBITDA: $82.3 million, increased 2.2% compared to the third quarter of 2023.Comparable Hotel Adjusted E
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. A conference call for investors and other interested parties is scheduled for the next day on Friday, November 8, 2024 at 9:00 a.m. Eastern Time (ET). The information to be discussed on the call will be contained in the Company's earnings release, which will be available in the Investor Relations section of the Company's website at www.drhc.com. The conference call will be accessible by telephone and through the internet. Interested individuals are requested to register for the
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SC 13G/A - DiamondRock Hospitality Co (0001298946) (Subject)
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SC 13G/A - DiamondRock Hospitality Co (0001298946) (Subject)
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