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DRH

DiamondRock Hospitality Company

https://www.drhc.com

Industry

REIT - Hotel & Motel

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.

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DiamondRock Hospitality has filed a mixed securities shelf, though the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 12:59 pm

Compass Point analyst Floris Van Dijkum has upgraded Diamondrock Hospitality (NYSE:DRH) from Neutral to Buy and set a price target of $10.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 10:34 am

DiamondRock Hospitality has raised its FY24 adjusted funds from operations (FFO) guidance from the range of $0.91-$1.00 to $0.95-$1.00.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:20 pm

Diamondrock Hospitality (NYSE:DRH) reported Q2 2024 earnings per share of $0.34, beating the analyst estimate of $0.32. The company also reported sales of $309.280 million, surpassing the estimate of $301.770 million and showing a 6.19% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:50 pm

Diamondrock Hospitality has updated its forecast for FY24 Adjusted Funds From Operations (AFFO), raising the range from $0.88-$1.02 to $0.91-$1.00.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 9:57 pm

Diamondrock Hospitality (NYSE:DRH) reported Q1 2024 FFO of $0.17 per share, surpassing the $0.16 estimate, and sales of $256.423M, exceeding the $248.908M estimate. This represents a 5.56% decrease in earnings and a 5.28% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 9:05 pm

DiamondRock Hospitality (NYSE:DRH) announced leadership changes including Jeffrey Donnelly as CEO, Briony Quinn as CFO, and Justin Leonard as President, effective immediately. These appointments aim to capitalize on DiamondRock's talent and drive business momentum. The company also reaffirmed its 2024 annual guidance, previously announced on February 22, 2024. The changes reduce the executive team from six to four members and are part of a strategy to simplify the organizational structure and align more closely with business needs.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 1:11 pm

Analyst ratings for Diamondrock Hospitality (NYSE:DRH) have varied over the last quarter, with recent updates showing a mix of opinions. The average 12-month price target has been raised to $10.62, indicating a 9.82% increase from the previous target. Analysts from Truist Securities, Stifel, Wolfe Research, and Wells Fargo have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Diamondrock Hospitality, a real estate investment trust, has shown a revenue growth rate of 3.33% as of December 31, 2023, but faces challenges in profitability and efficiency, with below-industry averages in net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 2:00 pm

Truist Securities analyst Patrick Scholes has maintained a Hold rating on Diamondrock Hospitality (DRH) and increased the price target from $10 to $11.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 1:22 pm

Four financial analysts have recently updated their ratings on Diamondrock Hospitality (NYSE:DRH), showing a shift towards a more positive outlook with an average 12-month price target of $10.12, up from $9.50. The company, a real estate investment trust owning lodging properties, has shown positive revenue growth, impressive net margin, and strong financial performance indicators such as ROE and ROA. However, its market capitalization is smaller compared to industry averages, and its revenue growth rate is lower than its peers in the Real Estate sector.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 2:00 pm

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