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      DiamondRock (DRH) Stock Fell 29% Afterhours, Why? - Stocks Telegraph

      By ST Staff

      Published on

      June 29, 2021

      7:38 AM UTC

      DiamondRock (DRH) Stock Fell 29% Afterhours, Why? - Stocks Telegraph

      The shares of DiamondRock Hospitality Company (DRH) were down -27.81% in after-hours trading at the last check. In Monday’s regular session, DiamondRock stock closed at $9.71, a decline of 3.09 percent. DRH stock volume remained steady at 1.96 million shares, a little higher volume than the average daily volume of 1.67 million shares over the past 50 days.

      Within the past week, DRH shares fell by -4.80%, and the stock has gained 92.28% in the last year. The DRH stock has fallen -6.00% over the past three months, 15.49% during the past six months. The market capitalization of DRH is $2.07 billion, with 211.67 million outstanding shares. Announcing the release date of its financial results has led to a decline in DRH stock.

      When will DRH announce its results?

      DiamondRock is a self-advised real estate investment trust (REIT) with a diversified portfolio of hotels located in leading gateway markets and resort destinations. Over 8,800 rooms are currently available in 29 premium quality hotels owned by DRH. Hotels operated by DRH are both branded hotels under leading global brands and boutique hotels in the lifestyle segment.

      DiamondRock will report financial results for the second quarter of 2021 after the market closes on Thursday, August 5th, 2021.

      • The next day, Friday, August 6th, DRH will host a conference call for investors and other interested parties.
      • The earnings release for DRH, which will be available on DiamondRock’s website in the Investor Relations section, will contain the information to be discussed during the conference call.
      • DRH will facilitate access to the conference call by telephone as well as over the internet.
      • People interested in listening to the call can do so by dialing 844-287-6622.
      • DRH instructed the investor that in order to participate during the webcast, they would need to log on to www.drhc.com 15 minutes prior to the call in order to download the necessary software.
      • Two hours after the live broadcast ends on August 27th, DRH will make a taped rebroadcast of the call available to those unable to listen live.
      • On its website, DRH will make the conference call replay available for one week.

      DRH will pat dividend:

      DiamondRock (DRH) announced earlier this month that its Board of Directors declared a dividend of $0.515625 per share on its Series A Cumulative Redeemable Preferred Stock. Shareholders of record on June 18, 2021 will receive the dividend from DRH on June 30, 2021.

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