Wall Street brokerages predict that Pebblebrook Hotel Trust (NYSE:PEB) will post earnings per share (EPS) of $0.43 for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Pebblebrook Hotel Trust’s earnings, with estimates ranging from $0.41 to $0.47. Pebblebrook Hotel Trust reported earnings of $0.20 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 115%. The firm is scheduled to announce its next earnings report on Thursday, February 22nd.
On average, analysts expect that Pebblebrook Hotel Trust will report full year earnings of $2.51 per share for the current year, with EPS estimates ranging from $2.49 to $2.56. For the next financial year, analysts forecast that the company will report earnings of $2.62 per share, with EPS estimates ranging from $2.57 to $2.71. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Pebblebrook Hotel Trust.
Pebblebrook Hotel Trust (NYSE:PEB) last posted its earnings results on Monday, October 23rd. The real estate investment trust reported $0.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.49. The firm had revenue of $201.80 million for the quarter, compared to analyst estimates of $198.11 million. Pebblebrook Hotel Trust had a return on equity of 6.63% and a net margin of 12.98%. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.61) earnings per share.
A number of analysts have recently commented on PEB shares. BTIG Research upgraded Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Friday, September 22nd. ValuEngine upgraded Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Janney Montgomery Scott upgraded Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and boosted their price target for the company from $31.00 to $40.00 in a report on Wednesday, September 27th. Royal Bank Of Canada restated a “buy” rating and issued a $35.00 price target on shares of Pebblebrook Hotel Trust in a report on Wednesday, October 25th. Finally, Robert W. Baird set a $37.00 price target on Pebblebrook Hotel Trust and gave the company a “hold” rating in a report on Friday, December 1st. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $36.39.
Shares of Pebblebrook Hotel Trust (PEB) traded down $0.09 during trading on Wednesday, hitting $37.60. The stock had a trading volume of 633,661 shares, compared to its average volume of 495,269. The company has a market capitalization of $2,598.71, a price-to-earnings ratio of 14.17, a price-to-earnings-growth ratio of 1.58 and a beta of 1.22. Pebblebrook Hotel Trust has a 12 month low of $26.21 and a 12 month high of $38.96. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.56.
Large investors have recently added to or reduced their stakes in the stock. First Mercantile Trust Co. increased its position in shares of Pebblebrook Hotel Trust by 1.7% in the second quarter. First Mercantile Trust Co. now owns 3,680 shares of the real estate investment trust’s stock valued at $119,000 after acquiring an additional 60 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Pebblebrook Hotel Trust by 6.0% in the second quarter. SG Americas Securities LLC now owns 4,401 shares of the real estate investment trust’s stock valued at $142,000 after acquiring an additional 249 shares during the last quarter. GAM Holding AG increased its position in shares of Pebblebrook Hotel Trust by 2.3% in the second quarter. GAM Holding AG now owns 5,892 shares of the real estate investment trust’s stock valued at $190,000 after acquiring an additional 134 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Pebblebrook Hotel Trust by 8.6% in the second quarter. Nisa Investment Advisors LLC now owns 6,410 shares of the real estate investment trust’s stock valued at $200,000 after acquiring an additional 510 shares during the last quarter. Finally, BB&T Corp acquired a new stake in shares of Pebblebrook Hotel Trust in the third quarter valued at about $203,000.
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About Pebblebrook Hotel Trust
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.
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