DiamondRock Hospitality Company Stock News

DiamondRock Hospitality's preferred stock is attractive near the $25 call value, with a high likelihood of being called due to a strong balance sheet. The REIT's AFFO guidance suggests robust financial performance, with excellent preferred dividend coverage and substantial after-capex AFFO. Preferred shares offer an appealing total return of 3.27% over seven months, with potential annualized re...

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.

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.

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.

Ahead of the Federal Reserve's critical interest rate decision next week, U.S. equity markets snapped a three-week winning streak as benchmark interest rates jumped to the cusp of five-month highs. Lukewarm CPI and PPI inflation reports were "good enough" to solidify another Fed rate cut next week, but "sticky" trends called into question the outlook for continued easing in 2025. After setting ...

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.

U.S. equity markets climbed to fresh record-highs this week, while benchmark interest rates ticked lower, after a critical slate of employment data showed lukewarm labor market trends in November. Viewed as a "Goldilocks" report that effectively locked in a December rate cut, payrolls data showed solid "headline" job growth of 227k in November, but notably weaker trends under the surface. Posti...

BETHESDA, Md. , Dec. 2, 2024 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) announced today it is the recipient of the National Association of Real Estate Investment Trusts' ("Nareit") 2024 Leader in the Light Award for the lodging and resorts sector.