DiamondRock Hospitality
About: Diamondrock Hospitality Company is a real estate investment trust that owns lodging properties. Its business is to acquire, own, manage, and renovate full-service hotel properties in the United States. It operates in cities such as Chicago, Boston, New York, Denver, and others. Within DiamondRock's holdings, the majority of the hotel brands include Marriott, Starwood, and Hilton. The revenue is divided between room, food and beverage, and others. The room segment contributes the majority of the revenue. The firm's customers include leisure transient, business transient, and group customers.
Employees: 33
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 2 (+1) [Q3]
1.01% more ownership
Funds ownership: 102.17% [Q2] → 103.18% (+1.01%) [Q3]
3% more capital invested
Capital invested by funds: $1.81B [Q2] → $1.87B (+$54.5M) [Q3]
9% less repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 91
3% less funds holding
Funds holding: 235 [Q2] → 229 (-6) [Q3]
19% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 32
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$10.25
10%
upside
Avg. target
$10.42
12%
upside
High target
$10.50
13%
upside
3 analyst ratings
0 positive
0%
3 neutral
100%
0 negative
0%
Wells Fargo Dori Kesten 54% 1-year accuracy 14 / 26 met price target | 13%upside $10.50 | Equal-Weight Maintained | 9 Dec 2024 |
Stifel Simon Yarmak 47% 1-year accuracy 16 / 34 met price target | 10%upside $10.25 | Hold Downgraded | 22 Nov 2024 |
Evercore ISI Group Duane Pfenningwerth 0 / 0 met price target | 13%upside $10.50 | In-Line Downgraded | 15 Nov 2024 |
Financial journalist opinion
Based on 4 articles about DRH published over the past 30 days
Neutral
Seeking Alpha
6 days ago
Fed Ahead
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 a series of fresh record-highs in the prior week, the S&P 500 slipped 0.6% this week, but still remains on pace for its best year since 2019.
Neutral
PRNewsWire
1 week ago
DIAMONDROCK HOSPITALITY DECLARES FOURTH QUARTER DIVIDENDS
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.
Positive
Seeking Alpha
1 week ago
Goldilocks Data Upholds Fed Cut
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. Posting gains for a third straight week to extend its post-election rally to around 7%, the S&P 500 advanced another 0.9% this week - pacing for its best year since 2019.
Neutral
PRNewsWire
2 weeks ago
DIAMONDROCK HOSPITALITY RECEIVES NAREIT'S 2024 LEADER IN THE LIGHT AWARD AND IS RECOGNIZED AS A SECTOR LEADER BY GRESB FOR THE FIFTH CONSECUTIVE YEAR
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.
Neutral
PRNewsWire
1 month ago
DIAMONDROCK HOSPITALITY ACQUIRES THE AC HOTEL MINNEAPOLIS DOWNTOWN
BETHESDA, Md. , Nov. 15, 2024 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) today announced it has acquired the fee simple interest in the 245-room AC Hotel Minneapolis Downtown (the "Hotel") for $30 million, or approximately $122,000 per key with cash on hand.
Neutral
Seeking Alpha
1 month ago
DiamondRock Hospitality Company (DRH) Q3 2024 Earnings Conference Call Transcript
DiamondRock Hospitality Company (NYSE:DRH ) Q3 2024 Earnings Conference Call November 8, 2024 9:00 AM ET Company Participants Briony Quinn - CFO Jeff Donnelly - CEO Justin Leonard - President and COO Conference Call Participants Dori Kesten - Wells Fargo Securities Austin Wurschmidt - KeyBanc Capital Markets Smedes Rose - Citi Duane Pfennigwerth - Evercore ISI Chris Woronka - Deutsche Bank Michael Bellisario - Baird Chris Darling - Green Street Advisors Operator Good day and thank you for standing by. Welcome to the DiamondRock Hospitality Company Third Quarter 2024 Earnings Conference Call.
Positive
Zacks Investment Research
1 month ago
DiamondRock Hospitality (DRH) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for DiamondRock Hospitality (DRH) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Positive
Zacks Investment Research
1 month ago
DiamondRock Hospitality (DRH) Q3 FFO Match Estimates
DiamondRock Hospitality (DRH) came out with quarterly funds from operations (FFO) of $0.26 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.26 per share a year ago.
Neutral
PRNewsWire
1 month ago
DIAMONDROCK HOSPITALITY COMPANY REPORTS THIRD QUARTER 2024 RESULTS
BETHESDA, Md. , Nov. 7, 2024 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH), a lodging real estate investment trust that owns a portfolio of 36 premium hotels and resorts in the United States, today announced results of operations for the quarter ended September 30, 2024.
Negative
Seeking Alpha
2 months ago
DiamondRock Hospitality: Wait For A Dip In The 8.25% Preferred Shares
DiamondRock Hospitality's preferred dividends are well covered, with less than 5% of pre-dividend AFFO needed, and a strong balance sheet with $1.5B in common equity. The preferred shares, trading at a 4% premium, offer a 3.08% return over 10.5 months, lower than a 1-year US Treasury Bill. If preferred shares are called in August 2025, selling now is advisable due to low returns. Holding is better if you expect them to be called later.
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