DRH - DiamondRock Hospitality Company

NYSE - NYSE Delayed Price. Currency in USD
9.79
-0.14 (-1.41%)
At close: 4:03PM EDT

9.79 0.00 (0.00%)
After hours: 4:49PM EDT

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Previous Close9.93
Open9.93
Bid9.75 x 3200
Ask9.83 x 1800
Day's Range9.76 - 9.99
52 Week Range8.70 - 11.22
Volume3,405,136
Avg. Volume2,319,680
Market Cap1.96B
Beta (3Y Monthly)1.33
PE Ratio (TTM)21.56
EPS (TTM)0.45
Earnings DateNov 8, 2019
Forward Dividend & Yield0.50 (5.04%)
Ex-Dividend Date2019-06-27
1y Target Est9.79
Trade prices are not sourced from all markets
  • PR Newswire

    DiamondRock Hospitality Announces Third Quarter 2019 Earnings Release And Conference Call

    BETHESDA, Md., Oct. 9, 2019 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (DRH) will report financial results for the third quarter 2019 on Friday, November 8th, 2019 before the market opens. 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 ID is 9690568.

  • Announcing the Return of The Frenchman's Reef Marriott Resort & Spa in St. Thomas, U.S.V.I. and the Debut of Noni Beach Resort, an Autograph Collection Hotel in St. Thomas, U.S.V.I.
    PR Newswire

    Announcing the Return of The Frenchman's Reef Marriott Resort & Spa in St. Thomas, U.S.V.I. and the Debut of Noni Beach Resort, an Autograph Collection Hotel in St. Thomas, U.S.V.I.

    DiamondRock Hospitality is pleased to announce the highly anticipated return of the Frenchman's Reef Marriott Resort & Spa and a new, adjacent resort under Marriott's Autograph Collection, Noni Beach, a St. Thomas Resort. The $200+ million project is well underway and the re-envisioned resorts are expected to open in 2020.

  • Hurricanes Keep Ruining Beach Hotels. Investors Like Them Anyway
    Bloomberg

    Hurricanes Keep Ruining Beach Hotels. Investors Like Them Anyway

    (Bloomberg) -- Frenchman’s Reef, the largest resort on St. Thomas, was smashed by Hurricane Irma, which breached roofs, caved in walls and felled trees across the oceanfront property. Two years later, the hotel remains closed as its owner quarrels with insurers over millions in damages.It sounds bad, but it’s business as usual in the Caribbean, where resort owners balance room rates against insurance premiums and brace for the next disaster. Frenchman’s Reef is a good example. It closed for extensive repairs in 1997 after hurricanes battered the property in previous years.Despite the risk, hotel owners continue to justify investing in the region, tapping insurance markets to offset risk and paying asset prices that reflect the likelihood of future hurricanes. That rationale is getting tested as the recent run of destructive storms makes it harder and more expensive for beach resorts to get insurance.“My concern as a broker is that people are starting to think about this as, is it the new norm?” said Michael Rouse, U.S. property practice leader for Marsh LLC, the insurance brokerage unit of Marsh & McLennan Cos. “How much does climate change have to do with the severity and frequency that we’re seeing of hurricanes that are making landfall?”Beyond property damages, beach hotels from Puerto Rico to the Florida Keys struggled to attract tourists following the 2017 hurricane season, even long after airports and hotels had reopened. The mega-resorts of the Bahamas, which were mostly untouched by this year’s Hurricane Dorian, have to remind vacationers that they’re still in business after the Category 5 monster wiped out parts of the country.Real estate investment trusts that own hotels have seen portfolio-wide insurance premiums increase by as much as 50% since 2017, said Michael Bellisario, an analyst at Robert W. Baird & Co. Vacationers already pay richly for ocean views and warm weather, limiting owners’ ability to raise prices.“You try to maximize rates as much as you can,” said Bellisario. “At some point you’re going to try to pass it on, but it’s easier said than done.”When things go right, insurance can work wonders for hotel owners. Braemar Hotels & Resorts, a REIT that owns the Ritz-Carlton St. Thomas, used business-interruption coverage to make up for lost revenue, Chief Executive Officer Richard Stockton said in an interview. At the same time, the company used the rebuilding process to update guest rooms and build a new family pool for the resort, which is slated to reopen in November.“It’s no different if a hurricane hit the property or it didn’t,” Stockton said. “The reality is it’s inconsequential to us from a financial perspective.”It helps that beach resorts are often important parts of their local economies, and can tap different forms of government aid to get back in business. Before it closed, Frenchman’s Reef was the U.S. Virgin Islands’ largest private employer, owner DiamondRock Hospitality Co. said in a court filing. The company would stand to benefit from pending legislation that would use tourism taxes to help fund property improvements.DiamondRock is also asking its insurers to pay. The Bethesda, Maryland-based company submitted a preliminary claim of more than $300 million to cover business interruption and rebuild the property in compliance with a new building code that was implemented after Irma. Its insurers have paid about $100 million, arguing in court filings that some of the repairs DiamondRock wants to make aren’t covered.DiamondRock didn’t respond to requests for comment. The company has said it expects to reopen the resort next year, and that a trial to contest the insurance dispute is set to begin in January.Recent hurricanes haven’t radically changed the desirability of owning or insuring beach hotels, Hilton Worldwide Holdings Inc. CEO Christopher Nassetta said at a travel industry conference last week.“I do not think anytime soon you’re going to see people say that they’re going to pull out,” he said. “I do not think these are going to become uninsurable risks.”\--With assistance from Katherine Chiglinsky.To contact the reporter on this story: Patrick Clark in New York at pclark55@bloomberg.netTo contact the editors responsible for this story: Rob Urban at robprag@bloomberg.net, Christine MaurusFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • DiamondRock Hospitality Company (NYSE:DRH)'s Could Be A Buy For Its Upcoming Dividend
    Simply Wall St.

    DiamondRock Hospitality Company (NYSE:DRH)'s Could Be A Buy For Its Upcoming Dividend

    It looks like DiamondRock Hospitality Company (NYSE:DRH) is about to go ex-dividend in the next 4 days. Ex-dividend...

  • PR Newswire

    DiamondRock Announces Third Quarter Dividend Of $0.125 Per Share

    BETHESDA, Md. , Sept. 16, 2019 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) announced today that its Board of Directors declared a quarterly dividend of $0.125 ...

  • PR Newswire

    DiamondRock Provides Update On Impact Of Hurricane Dorian

    BETHESDA, Md., Sept. 10, 2019 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (DRH) today provided an update on its hotels that were impacted by Hurricane Dorian. "We extend our heartfelt sympathies to all those in Dorian's path this past week, and our deepest gratitude to the folks on the ground at our hotels. The Frenchman's Reef & Morning Star Beach Resort, which has been closed since late 2017 and in the process of a comprehensive rebuilding, experienced the effects of Hurricane Dorian as a Category 1 storm.  The property experienced very minor physical damage and a one week delay to the construction schedule.

  • Should DiamondRock Hospitality Company (NYSE:DRH) Be Part Of Your Dividend Portfolio?
    Simply Wall St.

    Should DiamondRock Hospitality Company (NYSE:DRH) Be Part Of Your Dividend Portfolio?

    Dividend paying stocks like DiamondRock Hospitality Company (NYSE:DRH) tend to be popular with investors, and for good...

  • Thomson Reuters StreetEvents

    Edited Transcript of DRH earnings conference call or presentation 6-Aug-19 1:30pm GMT

    Q2 2019 DiamondRock Hospitality Co Earnings Call

  • PR Newswire

    DiamondRock Hospitality Company Appoints Jeffrey J. Donnelly As Executive Vice President & Chief Financial Officer

    BETHESDA, Md. , Aug. 8, 2019 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) a lodging-focused real estate investment trust that owns a portfolio of 31 premium hotels ...

  • Diamondrock Hospitality Co (DRH) Q2 2019 Earnings Call Transcript
    Motley Fool

    Diamondrock Hospitality Co (DRH) Q2 2019 Earnings Call Transcript

    DRH earnings call for the period ending June 30, 2019.

  • Does DiamondRock Hospitality Company's (NYSE:DRH) CEO Salary Compare Well With Others?
    Simply Wall St.

    Does DiamondRock Hospitality Company's (NYSE:DRH) CEO Salary Compare Well With Others?

    Mark Brugger has been the CEO of DiamondRock Hospitality Company (NYSE:DRH) since 2008. First, this article will...

  • DiamondRock Hospitality (DRH) Beats Q2 FFO and Revenue Estimates
    Zacks

    DiamondRock Hospitality (DRH) Beats Q2 FFO and Revenue Estimates

    DiamondRock Hospitality (DRH) delivered FFO and revenue surprises of 3.23% and 1.34%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

  • PR Newswire

    DiamondRock Hospitality Company Reports Second Quarter 2019 Results

    Comparable Total RevPAR Growth of 3.4% Comparable Hotel Adjusted EBITDA Growth of 4.9% Repurchased 1.0 Million Shares BETHESDA, Md. , Aug. 5, 2019 /PRNewswire/ --   DiamondRock Hospitality Company (the ...

  • Travel + Leisure Recognizes DiamondRock's Havana Cabana Resort As A Top Ten Resort Hotel In Florida
    PR Newswire

    Travel + Leisure Recognizes DiamondRock's Havana Cabana Resort As A Top Ten Resort Hotel In Florida

    BETHESDA, Md. , July 15, 2019 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) today announced that its Havana Cabana Resort has been named #3 in the Top Ten Resort ...

  • Why DiamondRock Hospitality (DRH) is a Great Dividend Stock Right Now
    Zacks

    Why DiamondRock Hospitality (DRH) is a Great Dividend Stock Right Now

    Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does DiamondRock Hospitality (DRH) have what it takes? Let's find out.

  • How Should You Analyze REIT Stock DiamondRock Hospitality Company (NYSE:DRH)?
    Simply Wall St.

    How Should You Analyze REIT Stock DiamondRock Hospitality Company (NYSE:DRH)?

    DiamondRock Hospitality Company is a US$2.1b mid-cap, real estate investment trust (REIT) based in Bethesda, United...

  • PR Newswire

    DiamondRock Hospitality Announces Second Quarter 2019 Earnings Release and Conference Call

    BETHESDA, Md., July 8, 2019 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (DRH) will report financial results for the second quarter 2019 on Monday, August 5th, 2019 after the market closes.  A conference call for investors and other interested parties is scheduled for the next day, Tuesday, August 6th, at 9:30 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 ID is 3571079. For those unable to listen to the call live, a taped rebroadcast will be available two hours after completion of the live call through August 20th, 2019.  To access the rebroadcast, dial 855-859-2056, or internationally at 404-537-3406, and use conference ID 3571079.  A replay of the call will also be available on the Internet at www.drhc.com for one week.

  • Here’s What Hedge Funds Think About DiamondRock Hospitality Company (DRH)
    Insider Monkey

    Here’s What Hedge Funds Think About DiamondRock Hospitality Company (DRH)

    "Since 2006, value stocks (IVE vs IVW) have underperformed 11 of the 13 calendar years and when they beat growth, it wasn't by much. Cumulatively, through this week, it has been a 122% differential (up 52% for value vs up 174% for growth). This appears to be the longest and most severe drought for value […]

  • PR Newswire

    DiamondRock Announces Second Quarter Dividend of $0.125 Per Share

    BETHESDA, Md. , June 14, 2019 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) announced today that its Board of Directors declared a quarterly dividend of $0.125 per ...

  • Does DiamondRock Hospitality Company (NYSE:DRH) Create Value For Shareholders?
    Simply Wall St.

    Does DiamondRock Hospitality Company (NYSE:DRH) Create Value For Shareholders?

    One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...

  • Thomson Reuters StreetEvents

    Edited Transcript of DRH earnings conference call or presentation 9-May-19 1:00pm GMT

    Q1 2019 DiamondRock Hospitality Co Earnings Call

  • Markit

    See what the IHS Markit Score report has to say about DiamondRock Hospitality Co.

    DiamondRock Hospitality Co NYSE:DRHView full report here! Summary * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is low for DRH with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold DRH had net inflows of $1.31 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • GlobeNewswire

    Lamar Advertising Company Names Jay Johnson Chief Financial Officer

    BATON ROUGE, La., May 30, 2019 -- Lamar Advertising Company (Nasdaq: LAMR), a leading owner of outdoor advertising and logo sign displays, today announced that Jay Johnson has.

  • PR Newswire

    DiamondRock Announces Jay Johnson to Step Down as Executive Vice President & Chief Financial Officer Effective August 31, 2019

    BETHESDA, Md., May 30, 2019 /PRNewswire/ -- DiamondRock Hospitality Company ("DiamondRock" or the "Company") (DRH) today announced that Executive Vice President & Chief Financial Officer, Jay Johnson, will be stepping down from his role effective August 31, 2019, in order to assume the position of Chief Financial Officer of Lamar Advertising Company (LAMR) in Baton Rouge, Louisiana.  Mr. Johnson has served as DiamondRock's Chief Financial Officer since April 1, 2018. The Company expects to name a new Chief Financial Officer before Mr. Johnson's scheduled departure on August 31, 2019.