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DiamondRock Announces Redemption of Preferred Stock

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DiamondRock Announces Redemption of Preferred Stock

TipRanks Black Friday Sale

An announcement from Diamondrock ( (DRH) ) is now available.

On November 20, 2025, DiamondRock Hospitality Company announced the redemption of its 8.250% Series A Cumulative Redeemable Preferred Stock, scheduled for December 31, 2025. The company will use approximately $121.5 million cash on hand for the redemption, impacting its financial operations by eliminating future dividend obligations on these shares.

The most recent analyst rating on (DRH) stock is a Hold with a $9.50 price target. To see the full list of analyst forecasts on Diamondrock stock, see the DRH Stock Forecast page.

Spark’s Take on DRH Stock

According to Spark, TipRanks’ AI Analyst, DRH is a Neutral.

Diamondrock’s overall stock score reflects stable financial performance and strong earnings call results, which are offset by technical indicators suggesting overbought conditions and a high P/E ratio indicating potential overvaluation. The attractive dividend yield provides some support for the stock.

To see Spark’s full report on DRH stock, click here.

More about Diamondrock

DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that owns a leading portfolio of geographically diversified hotels concentrated in leisure destinations and top gateway markets. The company owns 36 premium quality hotels and resorts with approximately 9,600 rooms, strategically positioned to operate under leading global brand families and independent boutique hotels in the lifestyle segment.

Average Trading Volume: 3,220,932

Technical Sentiment Signal: Strong Buy

Current Market Cap: $1.8B

Learn more about DRH stock on TipRanks’ Stock Analysis page.

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