6.63 0.00 (0.00%)
After hours: 4:15PM EDT
|Bid||6.30 x 1200|
|Ask||6.70 x 1800|
|Day's Range||6.27 - 6.74|
|52 Week Range||1.96 - 11.79|
|Beta (5Y Monthly)||1.42|
|PE Ratio (TTM)||18.42|
|Earnings Date||Aug 03, 2020 - Aug 07, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Dec 31, 2019|
|1y Target Est||5.48|
On May 13, hotel real estate investment trusts (REITs) Pebblebrook Hotel Trust (NYSE: PEB), DiamondRock Hospitality Trust (NYSE: DRH), and Park Hotels & Resorts (NYSE: PK) all fell 10% or more in the first half of trading. Each of these three hotel REITs had a difficult first quarter, as efforts to contain the spread of COVID-19 had a swift and direct impact on the performance of their properties. In reality, the social distancing and non-essential business closures mandated by the government only impacted a part of the first quarter.
Shares of hotel real estate investment trust (REIT) DiamondRock Hospitality (NYSE: DRH) fell 8.9% Tuesday. DiamondRock's own first-quarter earnings, released after the close on Monday, were obviously more disappointing to investors than expected. DiamondRock's funds from operations -- which for a REIT is the rough equivalent to earnings -- came in at just $0.04 per share in Q1.
DiamondRock Hospitality (DRH) delivered FFO and revenue surprises of -33.33% and 3.41%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
DiamondRock Hospitality Company (the "Company") (NYSE: DRH) will report financial results for the first quarter 2020 on Monday, May 11, 2020 after the market closes. A conference call for investors and other interested parties is scheduled for the next day, Tuesday, May 12, 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.
D.C. Mayor Muriel Bowser said Thursday the District would hire hundreds of contact tracers to help with the city’s efforts to track the spread of the coronavirus, one of several efforts in Greater Washington geared toward the reopening of the local economy. Maryland Gov. Larry Hogan rolled out a larger contact tracing initiative earlier this week that he said will be able to track up to 1,000 cases a day. Virginia Gov. Ralph Northam on Thursday extended a statewide ban on elective surgeries by one week, to May 1.
DiamondRock Hospitality Company (the "Company") (NYSE: DRH) hereby gives notice that due to the continuing public health impact of the coronavirus pandemic (COVID-19) and to support the health and well-being of the Company's stockholders and employees, the Company will change the format of its 2020 Annual Meeting of Stockholders (the "Annual Meeting") to be a virtual meeting format only. As previously announced, the Annual Meeting will take place on May 6, 2020. The time of the Annual Meeting has been postponed to 1:00 p.m. EDT.
The Virginia governor is asking for funding on a variety of fronts while Montgomery County is allocating some of its own money for personal protective equipment.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
Shares of real-estate investment trusts, a popular income vehicle that has provided some defensive characteristics in recent years, have sold off sharply as the coronavirus outbreak widens in the U.S. and some have taken to halting dividend payments.
DiamondRock Hospitality Company (the "Company") (NYSE: DRH), a lodging-focused real estate investment trust that owns a portfolio of 31 premium hotels in the United States, provided an update today on the impact of COVID-19 on its operations and announced the proactive steps management is taking to mitigate the financial impact.
The Dow Jones Industrial Average had, on Monday, yet another "worst day since 1987," closing down nearly 3,000 points — or 12.9% — on a day where plunging markets once again triggered the New York Stock Exchange's automatic halt in trading and questions remain regarding the full economic effects of the coronavirus outbreak.
DiamondRock Hospitality Company (the "Company") (NYSE: DRH) has announced an anticipated June opening of the Barbary Beach House Key West (2001 South Roosevelt Boulevard), a 184-room oceanfront hotel inspired by the island's natural landscape and legendary maritime history. Following an extensive, top-to-bottom conversion, the Barbary Beach House Key West has been transformed into a lush, tropical haven where free-spirited adventurers can discover an unrivaled Key West experience along the famed southernmost shores of the United States.
DiamondRock Hospitality Company (NYSE:DRH), which is in the reits business, and is based in United States, saw...
DiamondRock Hospitality Company (the "Company") (NYSE: DRH) announced today the following tax treatment of its 2019 distributions to shareholders.
DiamondRock Hospitality Company (the "Company") (NYSE: DRH) announced that Aimbridge Hospitality assumed management of the Westin Boston Waterfront Hotel (the "Hotel"). The Hotel is now operated under a franchise agreement with Westin Hotel Management. L.P. ("Westin"), a subsidiary of Marriott International, which expires in 2026. The Hotel was previously managed by Westin.
Aimbridge Hospitality, the world's leading third-party hotel management company, announces it has been selected to manage the Westin Boston Waterfront, a 793-room contemporary hotel connected to the Boston Convention & Exhibition Center.
DiamondRock Hospitality Company (the "Company") (NYSE: DRH) will report financial results for the fourth quarter 2019 on Thursday, February 20th, 2020 after the market closes. A conference call for investors and other interested parties is scheduled for the next day, Friday, February 21st, at 10:00 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.
We believe investing is smart because history shows that stock markets go higher in the long term. But if when you...
The traditional approaches to retirement planning are longer covering all expenses in nest egg years. So what can retirees do? Thankfully, there are alternative investments that provide steady, higher-rate income streams to replace dwindling bond yields.
DiamondRock Hospitality Company (the "Company") (NYSE: DRH) announced today that it has reached a definitive settlement of its outstanding insurance claim related to Hurricane Irma, which significantly impacted the Havana Cabana Key West and the Frenchman's Reef resort in St. Thomas in September 2017.
DiamondRock Hospitality Company (the "Company") (NYSE: DRH) announced today that its Board of Directors declared a quarterly dividend of $0.125 per share to stockholders of record as of January 2, 2020. The dividend will be paid on January 13, 2020.