Equities Analysts Issue Forecasts for Pebblebrook Hotel Trust’s Q1 2018 Earnings (PEB)

Pebblebrook Hotel Trust (NYSE:PEB) – Stock analysts at Boenning Scattergood cut their Q1 2018 earnings estimates for shares of Pebblebrook Hotel Trust in a research note issued to investors on Wednesday. Boenning Scattergood analyst F. Van. Dijkum now expects that the real estate investment trust will earn $0.55 per share for the quarter, down from their prior forecast of $0.57. Boenning Scattergood currently has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for Pebblebrook Hotel Trust’s Q3 2018 earnings at $0.81 EPS.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings data on Monday, October 23rd. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.49. Pebblebrook Hotel Trust had a return on equity of 6.63% and a net margin of 12.98%. The firm had revenue of $201.80 million for the quarter, compared to the consensus estimate of $198.11 million. During the same quarter in the prior year, the business earned ($0.61) EPS. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. TRADEMARK VIOLATION NOTICE: This piece was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The legal version of this piece can be accessed at https://www.dispatchtribunal.com/2017/10/27/equities-analysts-issue-forecasts-for-pebblebrook-hotel-trusts-q1-2018-earnings-peb.html.

A number of other analysts have also weighed in on PEB. Stifel Nicolaus restated a “hold” rating and issued a $34.50 target price (up previously from $31.50) on shares of Pebblebrook Hotel Trust in a research report on Tuesday. Robert W. Baird set a $35.00 target price on shares of Pebblebrook Hotel Trust and gave the company a “hold” rating in a research report on Wednesday. Zacks Investment Research upgraded shares of Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Royal Bank Of Canada restated a “buy” rating and issued a $35.00 target price on shares of Pebblebrook Hotel Trust in a research report on Wednesday. Finally, Barclays PLC raised their target price on shares of Pebblebrook Hotel Trust from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Wednesday. Three analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $35.94.

Pebblebrook Hotel Trust (NYSE PEB) traded up 0.23% on Friday, reaching $35.60. The company’s stock had a trading volume of 266,070 shares. The firm has a market cap of $2.45 billion, a P/E ratio of 129.45 and a beta of 1.26. The firm’s 50 day moving average is $35.45 and its 200-day moving average is $32.84. Pebblebrook Hotel Trust has a 12 month low of $23.56 and a 12 month high of $37.63.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.28%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently 117.83%.

Pebblebrook Hotel Trust declared that its Board of Directors has approved a share repurchase program on Thursday, July 27th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to reacquire up to 4.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Several large investors have recently modified their holdings of PEB. BlackRock Inc. lifted its holdings in shares of Pebblebrook Hotel Trust by 4,493.2% during the first quarter. BlackRock Inc. now owns 7,499,473 shares of the real estate investment trust’s stock worth $219,060,000 after purchasing an additional 7,336,199 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Pebblebrook Hotel Trust by 156.1% during the second quarter. Principal Financial Group Inc. now owns 2,516,668 shares of the real estate investment trust’s stock worth $81,137,000 after purchasing an additional 1,533,874 shares during the period. Lord Abbett & CO. LLC acquired a new position in shares of Pebblebrook Hotel Trust during the second quarter worth $19,701,000. Russell Investments Group Ltd. lifted its holdings in shares of Pebblebrook Hotel Trust by 313.0% during the second quarter. Russell Investments Group Ltd. now owns 422,291 shares of the real estate investment trust’s stock worth $13,645,000 after purchasing an additional 320,034 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Pebblebrook Hotel Trust by 44.8% during the first quarter. Bank of America Corp DE now owns 970,763 shares of the real estate investment trust’s stock worth $28,357,000 after purchasing an additional 300,495 shares during the period.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust is an internally managed hotel investment company. The Company is a real estate investment trust (REIT) that acquires and invests in hotel properties located primarily in cities of the United States. As of December 31, 2016, the Company owned 29 hotels with a total of 7,219 guest rooms.

Earnings History and Estimates for Pebblebrook Hotel Trust (NYSE:PEB)

Receive News & Ratings for Pebblebrook Hotel Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pebblebrook Hotel Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply