Equities Analysts Set Expectations for Pebblebrook Hotel Trust’s FY2018 Earnings (PEB)

Pebblebrook Hotel Trust (NYSE:PEB) – Research analysts at Boenning Scattergood boosted their FY2018 earnings estimates for shares of Pebblebrook Hotel Trust in a report released on Tuesday. Boenning Scattergood analyst F. Van. Dijkum now anticipates that the real estate investment trust will post earnings of $2.61 per share for the year, up from their prior estimate of $2.59. Boenning Scattergood has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for Pebblebrook Hotel Trust’s Q1 2019 earnings at $0.54 EPS, Q2 2019 earnings at $0.76 EPS, Q3 2019 earnings at $0.89 EPS, Q4 2019 earnings at $0.56 EPS and FY2019 earnings at $2.75 EPS.

PEB has been the subject of several other research reports. Robert W. Baird set a $35.00 price objective on shares of Pebblebrook Hotel Trust and gave the stock a “hold” rating in a research report on Wednesday, October 25th. BTIG Research raised shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $40.00 target price for the company in a report on Friday, September 22nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $34.50 target price (up previously from $31.50) on shares of Pebblebrook Hotel Trust in a report on Tuesday, October 24th. Janney Montgomery Scott raised shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $31.00 to $40.00 in a report on Wednesday, September 27th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $35.00 target price on shares of Pebblebrook Hotel Trust in a report on Wednesday, October 25th. 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. Pebblebrook Hotel Trust presently has an average rating of “Hold” and an average target price of $36.61.

Pebblebrook Hotel Trust (NYSE PEB) traded up $0.20 during mid-day trading on Wednesday, reaching $37.72. 627,500 shares of the company traded hands, compared to its average volume of 485,800. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.56. Pebblebrook Hotel Trust has a 1 year low of $26.21 and a 1 year high of $38.96. The company has a market cap of $2,610.00, a PE ratio of 29.47, a PEG ratio of 1.50 and a beta of 1.23.

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 for the quarter, topping the consensus estimate of $0.31 by $0.49. Pebblebrook Hotel Trust had a net margin of 12.98% and a return on equity of 6.63%. The firm had revenue of $201.80 million during the quarter, compared to analysts’ expectations of $198.11 million. During the same quarter in the previous year, the company posted ($0.61) EPS. Pebblebrook Hotel Trust’s revenue was down 3.4% on a year-over-year basis.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PEB. Kemper Corp Master Retirement Trust grew its holdings in shares of Pebblebrook Hotel Trust by 0.4% in the 2nd quarter. Kemper Corp Master Retirement Trust now owns 6,700 shares of the real estate investment trust’s stock valued at $216,000 after buying an additional 25 shares during the period. Federated Investors Inc. PA grew its holdings in shares of Pebblebrook Hotel Trust by 0.9% in the 2nd quarter. Federated Investors Inc. PA now owns 10,114 shares of the real estate investment trust’s stock valued at $326,000 after buying an additional 87 shares during the period. SG Americas Securities LLC grew its holdings in shares of Pebblebrook Hotel Trust by 6.0% in the 2nd quarter. SG Americas Securities LLC now owns 4,401 shares of the real estate investment trust’s stock valued at $142,000 after buying an additional 249 shares during the period. M&T Bank Corp grew its holdings in shares of Pebblebrook Hotel Trust by 12.5% in the 2nd quarter. M&T Bank Corp now owns 8,848 shares of the real estate investment trust’s stock valued at $286,000 after buying an additional 986 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in shares of Pebblebrook Hotel Trust by 11.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 11,956 shares of the real estate investment trust’s stock valued at $385,000 after buying an additional 1,186 shares during the period.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend is Thursday, December 28th. Pebblebrook Hotel Trust’s dividend payout ratio is presently 118.75%.

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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)

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