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 |
|---|---|---|---|
| 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 |
| 7/11/2022 | $10.00 | In-line | Evercore ISI |
| 3/10/2022 | $10.50 → $11.00 | Overweight | Wells Fargo |
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4 - DiamondRock Hospitality Co (0001298946) (Issuer)
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4 - DiamondRock Hospitality Co (0001298946) (Issuer)
4 - DiamondRock Hospitality Co (0001298946) (Issuer)
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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
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., June 3, 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 July 12, 2024 to shareholders of record as of June 28, 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 June 28, 2024 to shareholders of record as of June 18, 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 geographically diversified h
BETHESDA, Md., May 29, 2024 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE:DRH) will report financial results for the second quarter 2024 after the market closes on Thursday, August 1, 2024. A conference call for investors and other interested parties is scheduled for the next day on Friday, August 2, 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 call
BETHESDA, Md., May 16, 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 the promotion of Stephen Spierto to Chief Accounting Officer effective as of May 15, 2024. Mr. Spierto, age 34, joined the Company in November 2023 and previously served as Vice President, Corporate Controller of the Company from November 2023 until his May 2024 promotion to Chief Accounting Officer. As Vice President, Corporate Controller of the Company, Mr. Spierto was responsible for overseeing corporate accounting, financial reporting and technica
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. First Quarter 2024 Highlights Net Income: Net income was $8.4 million and earnings per diluted share was $0.03.Comparable Revenues: Comparable total revenues were $256.4 million, a 3.8% increase from 2023.Comparable RevPAR: Comparable RevPAR was $184.23, a 0.4% decrease from 2023.Comparable Hotel Adjusted EBITDA: C
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
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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
Evercore ISI resumed coverage of Diamondrock Hospitality with a rating of In-line and set a new price target of $10.00
Wells Fargo reiterated coverage of Diamondrock Hospitality with a rating of Overweight and set a new price target of $11.00 from $10.50 previously
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
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
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., June 3, 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 July 12, 2024 to shareholders of record as of June 28, 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 June 28, 2024 to shareholders of record as of June 18, 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 geographically diversified h
BETHESDA, Md., May 29, 2024 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE:DRH) will report financial results for the second quarter 2024 after the market closes on Thursday, August 1, 2024. A conference call for investors and other interested parties is scheduled for the next day on Friday, August 2, 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 call
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. First Quarter 2024 Highlights Net Income: Net income was $8.4 million and earnings per diluted share was $0.03.Comparable Revenues: Comparable total revenues were $256.4 million, a 3.8% increase from 2023.Comparable RevPAR: Comparable RevPAR was $184.23, a 0.4% decrease from 2023.Comparable Hotel Adjusted EBITDA: C
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. A conference call for investors and other interested parties is scheduled for the next day on Friday, May 3, 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 call usin
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. 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 March 29, 2024 to shareholders of record as of March 18, 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 geographically diversi
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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
Analysts' ratings for Diamondrock Hospitality (NYSE:DRH) over the last quarter vary from bullish to bearish, as provided by 4 analysts. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 1 2 0 0 Last 30D 0 0 1 0 0 1M Ago 1 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 1 1 0 0 Analysts have set 12-month price targets for Diamondrock Hospitality, revealing an average target of $10.62, a high estimate of $11.00, and a low estimate of $10.00. Observing a 9.82% increase, the current average has risen f
Truist Securities analyst Patrick Scholes maintains Diamondrock Hospitality (NYSE:DRH) with a Hold and raises the price target from $10 to $11.
In the last three months, 4 analysts have published ratings on Diamondrock Hospitality (NYSE:DRH), offering a diverse range of perspectives from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 1 2 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 1 0 0 0 3M Ago 0 0 2 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $10.12, a high estimate of $11.00, and a low estimate of $9.00. Surpassing the previous average price t
Diamondrock Hospitality (NYSE:DRH) reported quarterly earnings of $0.18 per share. This is a 21.74 percent decrease over earnings of $0.23 per share from the same period last year. The company reported quarterly sales of $263.55 million which beat the analyst consensus estimate of $261.45 million by 0.80 percent. This is a 3.33 percent increase over sales of $255.06 million the same period last year.
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Analysts' ratings for Diamondrock Hospitality (NYSE:DRH) over the last quarter vary from bullish to bearish, as provided by 5 analysts. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 2 3 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 1 0 0 2M Ago 0 1 1 0 0 3M Ago 0 0 1 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $9.7, a high estimate of $11.00, and a low estimate of $9.00. This upward trend is apparent, with the cur
Wolfe Research analyst Keegan Carl initiates coverage on Diamondrock Hospitality (NYSE:DRH) with a Outperform rating and announces Price Target of $11.