DiamondRock HospitalityNYSE: DRH

BETHESDA, Md. , June 3, 2024 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) announced that its Board of Directors has declared a quarterly cash dividend of $0.03 per common share to be paid on July 12, 2024 to shareholders of record as of June 28, 2024.

BETHESDA, Md. , May 29, 2024 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) will report financial results for the second quarter 2024 after the market closes on Thursday, August 1, 2024.

DiamondRock Hospitality Company, a real estate investment trust specializing in lodging with a portfolio of 36 high-end hotels and resorts in the US, has appointed Stephen Spierto as Chief Accounting Officer, effective May 15, 2024.

Although the financial results for DiamondRock Hospitality (DRH) in the first quarter of 2024 provide insight into the company's performance, it may be beneficial to also examine how certain important metrics stack up against analyst expectations and previous year figures.

DiamondRock Hospitality reported quarterly funds from operations (FFO) of $0.17 per share, surpassing the Zacks Consensus Estimate of $0.16 per share. This is lower than the FFO of $0.18 per share reported in the same quarter last year.

The headline numbers for DiamondRock Hospitality (DRH) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

DiamondRock Hospitality (DRH) came out with quarterly funds from operations (FFO) of $0.18 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.23 per share a year ago.

Beyond analysts' top -and-bottom-line estimates for DiamondRock Hospitality (DRH), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2023.

DiamondRock Hospitality Company (NYSE:DRH ) Q3 2023 Earnings Conference Call November 1, 2023 10:00 AM ET Company Participants Briony Quinn - Senior Vice President & Treasurer Mark Brugger - President & Chief Executive Officer Jeff Donnelly - Executive Vice President & Chief Financial Officer Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Smedes Rose - Citi Duane Pfennigwerth - Evercore ISI Dori Kesten - Wells Fargo Securities Chris Woronka - Deutsche Bank Floris Van Dijkum - Compass Point Anthony Powell - Barclays Bank Dany Asad - Bank of America Bill Crow - Raymond James Chris Darling - Green Street Mike Bellisario - Baird Operator Good day, ladies and gentlemen. Thank you for standing by.