DiamondRock HospitalityNYSE: DRH

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.

On September 30, 2024, FMR LLC (Trades, Portfolio) executed a significant transaction involving the shares of Diamondrock Hospitality Co (DRH, Financial), a well-known player in the REITs industry. The firm reduced its holdings by 12,399,040 shares, which resulted in a decrease of 99.90% from its previous position.

BETHESDA, Md. , Sept. 4, 2024 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) will report financial results for the third quarter 2024 after the market closes on Thursday, November 7, 2024.

BETHESDA, Md. , Sept. 4, 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 October 11, 2024 to shareholders of record as of September 30, 2024.

Investors interested in REIT and Equity Trust - Other stocks are likely familiar with DiamondRock Hospitality (DRH) and Gaming and Leisure Properties (GLPI). But which of these two stocks is more attractive to value investors?

DiamondRock Hospitality reported strong Q2 earnings with revenue up 4.8% YoY, FFO per share beating estimates, and increased adjusted EBITDA by 7.8%. The company repurchased $20.6mn worth of shares in Q2 and has $176.5mn remaining capacity for future repurchases. DRH's low forward AFFO payout ratio and net debt position suggest potential for future growth and value creation for shareholders.

DiamondRock Hospitality (DRH) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both DiamondRock Hospitality (DRH) and Gaming and Leisure Properties (GLPI). But which of these two stocks presents investors with the better value opportunity right now?

DiamondRock Hospitality Company (NYSE:DRH ) Q2 2024 Earnings Conference Call August 2, 2024 9:00 AM ET Company Participants Briony Quinn - CFO Jeff Donnelly - CEO Justin Leonard - President and COO Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Patrick Scholes - Truist Dori Kesten - Wells Fargo Securities Smedes Rose - Citi Duane Pfennigwerth - Evercore ISI Michael Bellisario - Baird Dany Asad - Bank of America Chris Woronka - Deutsche Bank Chris Darling - Green Street William Crow - Raymond James Operator Good day and thank you for standing by. Welcome to DiamondRock Hospitality Company Second Quarter 2024 Earnings Conference Call.