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Last $14.17 USD
Change Today -0.01 / -0.07%
Volume 1.1M
DRH On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

diamondrock hospitality co (DRH) Snapshot

Open
$14.20
Previous Close
$14.18
Day High
$14.27
Day Low
$14.15
52 Week High
01/23/15 - $16.01
52 Week Low
05/15/14 - $11.61
Market Cap
2.9B
Average Volume 10 Days
1.2M
EPS TTM
$0.77
Shares Outstanding
201.2M
EX-Date
03/27/15
P/E TM
18.5x
Dividend
$0.50
Dividend Yield
3.05%
Current Stock Chart for DIAMONDROCK HOSPITALITY CO (DRH)

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diamondrock hospitality co (DRH) Details

DiamondRock Hospitality Company, a lodging focused real estate company, owns premium hotels and resorts in North America. The company operates its hotels under the Hilton, Marriott, and Westin brand names in New York, Los Angeles, Chicago, Boston, and Atlanta; and in destination resort locations, such as the United States Virgin Islands and Colorado. As of December 16, 2011, it owned 26 hotels with approximately 12000 rooms. The company qualifies as a real estate investment trust (REIT) under the Internal Revenue Code. As a REIT, it would not be subject to federal corporate income taxes, if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2004 and is based in Bethesda, Maryland.

25 Employees
Last Reported Date: 02/27/15
Founded in 2004

diamondrock hospitality co (DRH) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $725.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $400.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $400.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $350.0K
Chief Investment Officer and Executive Vice P...
Total Annual Compensation: $283.8K
Compensation as of Fiscal Year 2014.

diamondrock hospitality co (DRH) Key Developments

DiamondRock Hospitality Company Refinances the Renaissance Worthington

DiamondRock Hospitality Company announced that it prepaid the mortgage loan secured by the Renaissance Worthington (hotel) and entered into a new $85 million mortgage loan secured by the hotel. The new loan bears interest at a fixed rate of 3.66%, will amortize on a 30-year amortization schedule after a two-year interest only period, and will mature in 2025. The new loan interest rate is over 170 basis points lower than the prepaid mortgage loan. The company used a portion of the proceeds from the new loan to prepay the outstanding balance on the previous mortgage loan, and expects to use the excess proceeds to partially fund the prepayment of the mortgage loan secured by the Frenchman's Reef & Morning Star Marriott Beach Resort, which may be repaid beginning in May 2015. The refinancing of the Renaissance Worthington and repayment of the Frenchman's Reef mortgage loans will lower the company's weighted average interest rate by approximately 15 basis points to 4.7%. After the completion of these two transactions, 16 of the company's 28 hotels will be unencumbered by property-specific mortgage debt. Moreover, the company expects to have no corporate debt and no outstanding preferred securities.

Diamondrock Hospitality Co. Raises Quarterly Dividend

Diamondrock Hospitality Co. announced that it increased its quarterly dividend for 2015 by 22% and its Board of Directors declared a dividend of $0.125 per share for stockholders of record as of March 31, 2015.

Diamondrock Hospitality Co. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015

Diamondrock Hospitality Co. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company’s total revenues were $223.6 million compared with $201.5 million a year ago. Operating income was $34.2 million compared with $21.5 million a year ago. Income from continuing operations before income taxes was $68.0 million compared with $6.96 million a year ago. Income from continuing operations was $63.6 million or $0.32 per basic and diluted share compared with $6.8 or $0.03 per basic and diluted share million a year ago. Net income was $63.6 million or $0.32 per basic and diluted share compared with $29.6 million or $0.15 per basic and diluted share a year ago. EBITDA was $106.6 million compared with $70.6 million a year ago. Adjusted EBITDA was $60.8 million compared with $49.3 million a year ago. FFO was $37.97 million compared with $32.2 million a year ago. Adjusted FFO was $41.8 million or $0.21 per share compared with $33.5 million or $0.17 per share a year ago. For the year, the company’s total revenues were $872.9 million compared with $799.7 million a year ago. Operating income was $137.5 million compared with $75.2 million a year ago. Income from continuing operations before income taxes was $169.0 million compared with $22.7 million a year ago. Income from continuing operations was $163.4 million or $0.83 per basic and diluted share compared with $23.8 million or $0.12 per basic and diluted share a year ago. Net income was $163.4 million or $0.83 per basic and diluted share compared with $49.1 million or $0.25 per basic and diluted share a year ago. EBITDA was $326.9 million compared with $211.98 million a year ago. Adjusted EBITDA was $235.8 million compared with $196.9 million a year ago. FFO was $212.1 million compared with $131.99 million a year ago. Adjusted FFO was $171.5 million or $0.87 per share compared with $139.3 million or $0.71 per share a year ago. The company spent approximately $62.6 million on capital improvements at its hotels in 2014. For the year, 2015, the company expects net income in the range of $97.6 million to $102.6 million, EBITDA in the range of $257.4 million to $267.4 million, adjusted EBITDA in the range of $262.0 million to $272.0 million, FFO in the range of $196.6 million to $202.6 million, adjusted FFO in the range of $201.0 million to $207.0 million, adjusted FFO per share in the range of $1.00 to $1.03. The company expects to spend approximately $85 million on capital improvements at its hotels in 2015.

 

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DRH Competitors

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Company Last Change
Chesapeake Lodging Trust $32.98 USD +0.23
LaSalle Hotel Properties $38.40 USD -0.10
Pebblebrook Hotel Trust $46.50 USD +0.75
Strategic Hotels & Resorts Inc $12.01 USD +0.01
Sunstone Hotel Investors Inc $16.39 USD 0.00
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Industry Analysis

DRH

Industry Average

Valuation DRH Industry Range
Price/Earnings 17.1x
Price/Sales 3.2x
Price/Book 1.6x
Price/Cash Flow 10.8x
TEV/Sales 1.9x
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