US LNG exports surge but will buyers in China turn up?
In a recent stock transaction, Jeffrey Donnelly, the Chief Executive Officer of DiamondRock Hospitality Co (NYSE:DRH), acquired 10,000 shares of the company’s common stock. The purchase, made on March 11, 2025, was executed at a price of $7.98 per share, totaling $79,800. The acquisition comes as the stock trades near its 52-week low of $7.74, with analysts setting price targets between $9 and $12. Following this transaction, Donnelly holds a total of 672,894 shares directly. This acquisition reflects Donnelly’s continued investment in the real estate investment trust, which focuses on hotel properties. The $1.66 billion market cap company maintains a healthy 4.05% dividend yield and carries a GOOD financial health rating according to InvestingPro, which offers comprehensive insider trading analysis among its 10+ exclusive insights for DRH.
In other recent news, DiamondRock Hospitality Company reported its fourth-quarter 2024 earnings, revealing a miss in earnings per share (EPS) but an outperforming revenue. The company posted an EPS of -0.07, falling short of the forecasted 0.06. However, revenue surpassed expectations, reaching $279.05 million against a forecast of $270.91 million. Despite the EPS miss, the company’s Hotel Adjusted EBITDA grew by 16.4% year-over-year, and Corporate Adjusted EBITDA increased by 20%. Analysts have noted these developments, with DiamondRock’s revenue performance contributing to investor optimism. The company has also announced a dividend increase for 2025, with plans to pay a regular quarterly dividend of $0.08 per share. Looking forward, DiamondRock forecasts Corporate Adjusted EBITDA between $275 million and $300 million for 2025, with expectations for Adjusted Funds from Operations ranging from $199 million to $224 million. The company continues to face challenges such as labor costs and market conditions but remains focused on strategic renovations and repositioning efforts to enhance financial outcomes.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.