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Diamondrock Hospitality Co. - DRH STOCK NEWS

Welcome to our dedicated news page for Diamondrock Hospitality Co. (Ticker: DRH), a resource for investors and traders seeking the latest updates and insights on Diamondrock Hospitality Co..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Diamondrock Hospitality Co.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Diamondrock Hospitality Co.'s position in the market.

Rhea-AI Summary
DiamondRock Hospitality Company appoints new CEO, CFO, and President, implementing leadership changes and a simplified organizational structure to drive continued business momentum. The company reaffirms its 2024 annual guidance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.32%
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management
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Rhea-AI Summary
DiamondRock Hospitality Company announces the retirement of long-time Executive Vice President and General Counsel, Bill Tennis, effective June 30, 2024. The Company has engaged Heidrick & Struggles to find a new legal counsel.
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Rhea-AI Sentiment
End-of-Day
-0.73%
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none
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Rhea-AI Summary
DiamondRock Hospitality Company (DRH) will report Q1 2024 financial results on May 2, 2024, with an investor conference call scheduled for May 3, 2024. The call will discuss information from the earnings release available on the company's website. Registration for the call can be done on the website, with webcast and replay options provided.
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Rhea-AI Summary
DiamondRock Hospitality Company (DRH) announces quarterly cash dividend for common shareholders and preferred stockholders.
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Rhea-AI Sentiment
End-of-Day
-0.63%
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dividends earnings
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Rhea-AI Summary
DiamondRock Hospitality Company reports a 4.0% increase in total revenues for 2023 compared to 2022 and an 11.3% increase compared to 2019. The company also provides a positive outlook for 2024, with strong revenue growth. Despite some decreases in certain metrics, the overall financial performance remains solid. The acquisition of Chico Hot Springs Resort, share repurchases, and hotel rebranding initiatives showcase the company's strategic growth efforts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.21%
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Rhea-AI Summary
DiamondRock Hospitality Company (DRH) has announced the tax treatment of the 2023 distributions to holders of the Company's common and Series A preferred stock. The total distribution per share for common stock is $0.030000, and for Series A preferred stock is $0.515625. Shareholders are advised to consult with their personal tax advisors regarding the specific tax treatment of the Company's distributions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.95%
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dividends
Rhea-AI Summary
DiamondRock Hospitality Company (NYSE: DRH) will release its financial results for Q4 2023 on February 22, 2024, followed by a conference call on February 23, 2024. The call will be accessible via telephone and internet, with registration details available on the company's website. A webcast replay will also be available for a limited time.
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Rhea-AI Sentiment
End-of-Day
-0.86%
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Rhea-AI Summary
DiamondRock Hospitality Company (NYSE: DRH) declares a cash dividend of $0.03 per common share and a quarterly dividend of $0.515625 per share on its 8.250% Series A Cumulative Redeemable Preferred Stock. The cash dividend is payable on January 11, 2024, and the quarterly dividend is payable on December 29, 2023.
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dividends earnings
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Rhea-AI Summary
DiamondRock Hospitality Company (NYSE: DRH) announced its Q3 2023 results. Net income was $27.3 million with earnings per diluted share of $0.12. Comparable total revenues were $277.1 million, a 0.1% increase from 2022 and a 12.0% increase from 2019. The company acquired Chico Hot Springs Resort for $33.0 million and completed the rebranding of Hilton Boston Downtown/Faneuil Hall to The Dagny, an independent lifestyle boutique hotel.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.52%
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Rhea-AI Summary
DiamondRock Hospitality Company has been recognized by the Global Real Estate Sustainability Benchmark (GRESB) as a Real Estate Sector Leader for the fourth consecutive year. The company's outstanding corporate responsibility program and sustainability initiatives demonstrate its commitment to ESG transparency and improved performance.
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Rhea-AI Sentiment
End-of-Day
1.54%
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Diamondrock Hospitality Co.

NYSE:DRH

DRH Rankings

DRH Stock Data

1.97B
206.33M
2.25%
105.97%
6.31%
Other Financial Vehicles
Finance and Insurance
Link
US
Bethesda

About DRH

diamondrock, a lodging-focused maryland corp. operates as a real estate investment trust (reit), owns a portfolio of 26 premium hotels & resorts containing ~9,500 rooms, concentrated in key gateway cities and destination resorts throughout north america and the u.s.v.i. our vision is to be the premier allocator of capital in the lodging industry and our goal is to deliver above-average shareholder returns across the full lodging cycle. we strive to differentiate ourselves from peers by executing on three strategic principles: - maintaining a balanced portfolio of high-quality assets with superior growth prospects in markets that have high barriers to entry. - employing disciplined and innovative approaches to asset management that drive meaningful upside to underlying performance. - preserving a clean, conservative balance sheet that supports strategic and financial flexibility, dividends and shareholder returns. as an owner, as opposed to an operator, we receive all operating profits