DiamondRock Hospitality Announces 2025 Tax Treatment for Distributions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Newsfilter
- Dividend Distribution Details: DiamondRock Hospitality Company announced its 2025 distributions for common and Series A preferred stock, with common stock receiving $0.08 per share and preferred stock $0.515625 per share, reflecting the company's ongoing cash flow and shareholder return capabilities.
- Distribution Schedule: The distribution dates for common stock are April 11, July 11, October 14, and January 14, while preferred stock distributions are scheduled for March 28, June 30, September 30, and December 31, ensuring timely returns for shareholders and enhancing investor confidence.
- Tax Advisory: The company encourages shareholders to consult their personal tax advisors regarding specific tax treatment, indicating a commitment to shareholder interests and aiming to mitigate potential tax issues.
- Company Overview: As a self-advised real estate investment trust, DiamondRock Hospitality owns 35 premium hotels and resorts with approximately 9,600 rooms, strategically positioned in leisure destinations and major gateway markets, showcasing its competitive edge and market positioning in the industry.
Analyst Views on DRH
Wall Street analysts forecast DRH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DRH is 9.97 USD with a low forecast of 8.50 USD and a high forecast of 11.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
3 Buy
6 Hold
0 Sell
Moderate Buy
Current: 9.500
Low
8.50
Averages
9.97
High
11.00
Current: 9.500
Low
8.50
Averages
9.97
High
11.00
About DRH
DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT). The Company owns a portfolio of geographically diversified hotels concentrated in leisure destinations and gateway markets. Its hotels are owned by subsidiaries of its operating partnership, DiamondRock Hospitality Limited Partnership. Its primary business is to acquire, own, renovate and asset manage hotel properties in the United States. The Company's hotel properties include Chico Hot Springs Resort, Lake Austin Spa Resort, Kimpton Shorebreak Fort Lauderdale Beach Resort, Tranquility Bay, Bourbon Orleans Hotel, Henderson Beach Resort, Henderson Park Inn, Cavallo Point, Kimpton Palomar Phoenix, L'auberge De Sedona, Orchards Inn, Westin San Diego, and Havana Cabana, among others. It owns over 36 hotels and resorts with approximately 9,600 rooms. The Company has positioned its portfolio to be operated both under global brand families as well as independent boutique hotels in the lifestyle segment.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
