Diamondrock Hospitality upgraded by Compass Point with a new price target
$DRH
Real Estate Investment Trusts
Real Estate
Compass Point upgraded Diamondrock Hospitality from Neutral to Buy and set a new price target of $10.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
| 7/11/2022 | $10.00 | In-line | Evercore ISI |
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
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
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. The Company's Board of Directors also declared a quarterly dividend of $0.515625 per share on its 8.250% Series A Cumulative Redeemable Preferred Stock. The dividend is payable on September 30, 2024 to shareholders of record as of September 20, 2024. About the Company DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographi
Comparable Total Revenues 4.8% Above 2023 Raises Midpoint of Full Year Guidance BETHESDA, Md., Aug. 1, 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 June 30, 2024. Second Quarter 2024 Highlights Net Income: Net income was $24.6 million and earnings per diluted share was $0.10.Comparable Revenues: Comparable total revenues were $309.3 million, a 4.8% increase from the second quarter of 2023.Comparable RevPAR: Comparable RevPAR was $229.21, a 2.2% increase from the second quart
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
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. The Company's Board of Directors also declared a quarterly dividend of $0.515625 per share on its 8.250% Series A Cumulative Redeemable Preferred Stock. The dividend is payable on September 30, 2024 to shareholders of record as of September 20, 2024. About the Company DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographi
Comparable Total Revenues 4.8% Above 2023 Raises Midpoint of Full Year Guidance BETHESDA, Md., Aug. 1, 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 June 30, 2024. Second Quarter 2024 Highlights Net Income: Net income was $24.6 million and earnings per diluted share was $0.10.Comparable Revenues: Comparable total revenues were $309.3 million, a 4.8% increase from the second quarter of 2023.Comparable RevPAR: Comparable RevPAR was $229.21, a 2.2% increase from the second quart
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
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Diamondrock Hospitality (NYSE:DRH) reported quarterly earnings of $0.17 per share which beat the analyst consensus estimate of $0.16 by 6.25 percent. This is a 5.56 percent decrease over earnings of $0.18 per share from the same period last year. The company reported quarterly sales of $256.423 million which beat the analyst consensus estimate of $248.908 million by 3.02 percent. This is a 5.28 percent increase over sales of $243.553 million the same period last year.
Jeffrey Donnelly Appointed Chief Executive Officer; Briony Quinn Appointed Chief Financial Officer;Justin Leonard Appointed PresidentAppointments Capitalize on DiamondRock's Strong Bench andProven Talent to Drive Continued Business MomentumCompany Reaffirms 2024 Annual GuidanceBETHESDA, 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 Offi