Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $11.76 USD
Change Today -0.07 / -0.59%
Volume 2.8M
DRH On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

diamondrock hospitality co (DRH) Snapshot

Open
$11.80
Previous Close
$11.83
Day High
$11.95
Day Low
$11.72
52 Week High
01/23/15 - $16.01
52 Week Low
08/25/15 - $11.33
Market Cap
2.4B
Average Volume 10 Days
2.2M
EPS TTM
$0.77
Shares Outstanding
200.7M
EX-Date
09/28/15
P/E TM
15.3x
Dividend
$0.50
Dividend Yield
3.87%
Current Stock Chart for DIAMONDROCK HOSPITALITY CO (DRH)

diamondrock hospitality co (DRH) Related Bloomberg News

View More Bloomberg News

diamondrock hospitality co (DRH) Related Businessweek News

View More BusinessWeek News

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 Announces Third Quarter Dividend, Payable on October 13, 2015

DiamondRock Hospitality Company announced that its Board of Directors declared a quarterly dividend of $0.125 per share to stockholders of record as of September 30, 2015. The dividend will be paid on October 13, 2015.

Diamondrock Hospitality Seeks Acquisitions

Diamondrock Hospitality Co. (NYSE:DRH) is looking for acquisitions. Diamondrock intends to use the net proceeds from the sale of securities under this prospectus for general corporate purposes, which may include acquisitions of additional properties as suitable opportunities arise, the repayment of outstanding indebtedness, capital expenditures, the expansion, redevelopment and/or improvement of properties in our portfolio, working capital and other general purposes.

Diamondrock Hospitality Co. Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2015; Revises Earnings Guidance for Full Year 2015; Provides Earnings Guidance for Third Quarter of 2015; Reports Impairment Losses for Second Quarter Ended June 30, 2015; Provides Impairment Losses Guidance for Full Year 2015

Diamondrock Hospitality Co. announced unaudited consolidated financial results for the second quarter and six months ended June 30, 2015. For the quarter, total revenues were $249,801,000 against $229,934,000 for the same period of last year. Operating profit was $44,164,000 against $55,037,000 for the same period of last year. Income before income taxes was $31,553,000 against $56,234,000 for the same period of last year. Net income was $24,822,000 against $51,916,000 for the same period of last year. Basic and diluted earnings per share were $0.12 against diluted earnings per share of $0.26 for the same period of last year. EBITDA was $69,965,000 against $95,960,000 for the same period of last year. Adjusted EBITDA was $81,071,000 against $70,911,000 for the same period of last year. FFO was $60,071,000 against $75,752,000 for the same period of last year. Adjusted FFO was $61,488,000 against $51,903,000 for the same period of last year. Adjusted FFO per share was $0.31 against $0.26 for the same period of last year. For the six months, total revenues were $458,689,000 against $420,018,000 for the same period of last year. Operating profit was $65,571,000 against $65,099,000 for the same period of last year. Income before income taxes was $39,869,000 against $53,423,000 for the same period of last year. Net income was $35,464,000 against $55,953,000 for the same period of last year. Basic and diluted earnings per share were $0.18 against $0.29 for the same period of last year. EBITDA was $115,836,000 against $132,797,000 for the same period of last year. Adjusted EBITDA was $129,583,000 against $108,188,000 for the same period of last year. FFO was $95,836,000 against $104,912,000 for the same period of last year. Adjusted FFO was $99,188,000 against $81,418,000 for the same period of last year. Adjusted FFO per share was $0.49 against $0.41 for the same period of last year. The company spent approximately $32.2 million on capital improvements primarily related to the addition of 41 rooms at the Hilton Boston Downtown and the first phase of guest room renovation at the Chicago Marriott Downtown. For the second quarter ended June 30, 2015, the company reported impairment losses of $9,675,000. For the full year 2015, the company expects to incur impairment losses between $10,461,000 to $10,461,000. The company raises full year 2015 guidance, the company currently expects adjusted EBITDA of $266.5 million to $276.5 million compared to $264 million to $274 million previously announced, adjusted FFO of $202 million to $208 million compared to $201 million to $206 million previously announced, adjusted FFO per share of $1.00 per share to $1.03 per share compared to $1.00 per share to $1.02 per share previously announced. In addition, the company expects income tax expense of $11.4 million to $15.4 million, interest expense of approximately $53 million and corporate expenses of approximately $24 million for the full year 2015. The company expects net income between $85,839,000 to $92,839,000, real estate related depreciation and amortization of $100,000,000 to $99,000,000, EBITDA of $250,239,000 to $260,239,000, FFO of $196,300,000 to $202,300,000. For the third quarter of 2015, the company expects adjusted EBITDA to range from 26% to 26.5% of full year 2015 adjusted EBITDA; and income tax expense of $2.5 million to $3.5 million, which assumes the company receives the extension of the income tax agreement with the U.S. Virgin Islands related to the Frenchman's Reef & Morning Star Marriott Beach Resort during the third quarter.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
DRH:US $11.76 USD -0.07

DRH Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Chesapeake Lodging Trust $28.91 USD -0.73
LaSalle Hotel Properties $31.46 USD -0.65
Pebblebrook Hotel Trust $38.06 USD -0.74
Strategic Hotels & Resorts Inc $13.49 USD -0.23
Sunstone Hotel Investors Inc $13.83 USD -0.24
View Industry Companies
 

Industry Analysis

DRH

Industry Average

Valuation DRH Industry Range
Price/Earnings 16.5x
Price/Sales 2.6x
Price/Book 1.3x
Price/Cash Flow 9.8x
TEV/Sales 1.3x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact DIAMONDROCK HOSPITALITY CO, please visit www.drhc.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.