On May 13, hotel real estate investment trusts (REITs) Pebblebrook Hotel Trust (NYSE: PEB), DiamondRock Hospitality Trust (NYSE: DRH), and Park Hotels & Resorts (NYSE: PK) all fell 10% or more in the first half of trading. Each of these three hotel REITs had a difficult first quarter, as efforts to contain the spread of COVID-19 had a swift and direct impact on the performance of their properties. In reality, the social distancing and non-essential business closures mandated by the government only impacted a part of the first quarter.
Shares of real-estate investment trusts, a popular income vehicle that has provided some defensive characteristics in recent years, have sold off sharply as the coronavirus outbreak widens in the U.S. and some have taken to halting dividend payments.
DRH vs. VTR: Which Stock Is the Better Value Option?
The Dow Jones Industrial Average had, on Monday, yet another "worst day since 1987," closing down nearly 3,000 points — or 12.9% — on a day where plunging markets once again triggered the New York Stock Exchange's automatic halt in trading and questions remain regarding the full economic effects of the coronavirus outbreak.
DiamondRock Hospitality Company (the "Company") (NYSE: DRH) hereby gives notice that due to the continuing public health impact of the coronavirus pandemic (COVID-19) and to support the health and well-being of the Company's stockholders and employees, the Company will change the format of its 2020 Annual Meeting of Stockholders (the "Annual Meeting") to be a virtual meeting format only. As previously announced, the Annual Meeting will take place on May 6, 2020. The time of the Annual Meeting has been postponed to 1:00 p.m. EDT.
Q1 2020 DiamondRock Hospitality Co Earnings Call
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
DiamondRock Hospitality Company (the "Company") (NYSE: DRH) will report financial results for the first quarter 2020 on Monday, May 11, 2020 after the market closes. A conference call for investors and other interested parties is scheduled for the next day, Tuesday, May 12, at 9:00 a.m. Eastern Time (ET). The information to be discussed on the call will be contained in the Company's earnings release, which will be available in the Investor Relations section of the Company's website at www.drhc.com.
DiamondRock Hospitality (DRH) delivered FFO and revenue surprises of -33.33% and 3.41%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Q4 2019 DiamondRock Hospitality Co Earnings Call
The high-end hotel REIT fell ahead of earnings, suggesting investors are expecting bad news after the close.
DiamondRock Hospitality (DRH) delivered FFO and revenue surprises of 12.50% and 1.51%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
DRH earnings call for the period ending March 31, 2020.
The Virginia governor is asking for funding on a variety of fronts while Montgomery County is allocating some of its own money for personal protective equipment.
DiamondRock Hospitality Company (the "Company") (NYSE: DRH), a lodging-focused real estate investment trust that owns a portfolio of 31 premium hotels in the United States, provided an update today on the impact of COVID-19 on its operations and announced the proactive steps management is taking to mitigate the financial impact.
D.C. Mayor Muriel Bowser said Thursday the District would hire hundreds of contact tracers to help with the city’s efforts to track the spread of the coronavirus, one of several efforts in Greater Washington geared toward the reopening of the local economy. Maryland Gov. Larry Hogan rolled out a larger contact tracing initiative earlier this week that he said will be able to track up to 1,000 cases a day. Virginia Gov. Ralph Northam on Thursday extended a statewide ban on elective surgeries by one week, to May 1.
Shares of hotel real estate investment trust (REIT) DiamondRock Hospitality (NYSE: DRH) fell 8.9% Tuesday. DiamondRock's own first-quarter earnings, released after the close on Monday, were obviously more disappointing to investors than expected. DiamondRock's funds from operations -- which for a REIT is the rough equivalent to earnings -- came in at just $0.04 per share in Q1.
DiamondRock Hospitality Company (NYSE:DRH), which is in the reits business, and is based in United States, saw...
DiamondRock Hospitality Company (the "Company") (NYSE: DRH) has announced an anticipated June opening of the Barbary Beach House Key West (2001 South Roosevelt Boulevard), a 184-room oceanfront hotel inspired by the island's natural landscape and legendary maritime history. Following an extensive, top-to-bottom conversion, the Barbary Beach House Key West has been transformed into a lush, tropical haven where free-spirited adventurers can discover an unrivaled Key West experience along the famed southernmost shores of the United States.
DiamondRock Hospitality Company (the "Company") (NYSE: DRH) announced today the following tax treatment of its 2019 distributions to shareholders.