NYSE:DRHHotel and Resort REITs
A Fresh Look at DiamondRock Hospitality's Valuation Following Preferred Stock Redemption Decision
DiamondRock Hospitality is set to fully redeem its 8.250% Series A Cumulative Redeemable Preferred Stock on December 31, 2025, using $121.5 million in cash. After this date, the preferred shares are effectively retired.
See our latest analysis for DiamondRock Hospitality.
The move to redeem its Series A Preferred Stock comes as investor optimism appears to be building around DiamondRock Hospitality’s capital allocation strategy. The stock’s 1-month share price return of 16% stands out,...