Overview of the Recent Transaction On September 30, 2024, FMR LLC (Trades, Portfolio) executed a significant transaction involving the shares of Diamondrock Hospitality Co (DRH, Financial), a wellknown player in the REITs industry. The firm reduced its holdings by 12,399,040 shares, which resulted in a decrease of 99.90% from its previous position. This move adjusted FMR LLC (Trades, Portfolio)'s stake in Diamondrock Hospitality to a mere 12,284 shares, reflecting a minimal portfolio impact of -0.01%. The s ...

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 Relatio ...

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 rec ...

Investors interested in REIT and Equity Trust - Other stocks are likely familiar with DiamondRock Hospitality (DRH) and Gaming and Leisure Properties (GLPI) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate re ...

shunyufan/iStock via Getty Images Introduction/Earnings DiamondRock Hospitality Company (NYSE:DRH) is a hotel REIT with a portfolio of 36 hotels and resorts located in the U.S. They announced their second quarter FY2024 results on August 1st, reporting a double beat on both FFO per share and revenue. Revenue increased to $309.3mn for the quarter, which represented a 4.8% increase YoY and beat consensus estimates by 2.4%. FFO per share beat by $0.02 coming in at $0.34 for the quarter. Revenue per available r ...

DiamondRock Hospitality Company (NYSE:DRH) Q2 2024 Earnings Conference Call August 2, 2024 9:00 AM ET Company Participants Briony Quinn - CFO Jeff Donnelly - CEO Justin Leonard - President and COO Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Patrick Scholes - Truist Dori Kesten - Wells Fargo Securities Smedes Rose - Citi Duane Pfennigwerth - Evercore ISI Michael Bellisario - Baird Dany Asad - Bank of America Chris Woronka - Deutsche Bank Chris Darling - Green Street William Crow ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-32514 DIAMONDROCK HOSPITALITY COMPANY (Exact Name of Registrant as Specified in Its Charter) Maryland ...

DiamondRock Hospitality (DRH) reported $309.28 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 6.2%. EPS of $0.34 for the same period compares to $0.17 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $301.38 million, representing a surprise of +2.62%. The company delivered an EPS surprise of +6.25%, with the consensus EPS estimate being $0.32. While investors closely watch year-over-year changes in headline numbers -- revenue and ear ...

DiamondRock Hospitality (DRH) came out with quarterly funds from operations (FFO) of $0.34 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to FFO of $0.32 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 6.25%. A quarter ago, it was expected that this hotel and resort real estate investment trust would post FFO of $0.16 per share when it actually produced FFO of $0.17, delivering a surprise of 6.25 ...

COMPANY CONTACT Briony Quinn Chief Financial Officer (240) 744-1196 FOR IMMEDIATE RELEASE DIAMONDROCK HOSPITALITY COMPANY REPORTS SECOND QUARTER 2024 RESULTS Comparable Total Revenues 4.8% Above 2023 Raises Midpoint of Full Year Guidance BETHESDA, Maryland, Thursday, August 1, 2024 – 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 ...