Pebblebrook Hotel Trust (NYSE:PEB) issued its quarterly earnings results on Thursday. The real estate investment trust reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.42, Briefing.com reports. Pebblebrook Hotel Trust had a return on equity of 6.63% and a net margin of 12.98%. The business had revenue of $179.62 million for the quarter, compared to the consensus estimate of $179.24 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. Pebblebrook Hotel Trust’s revenue for the quarter was down 9.7% compared to the same quarter last year. Pebblebrook Hotel Trust updated its Q1 guidance to $0.51-0.55 EPS.
Pebblebrook Hotel Trust (NYSE:PEB) traded up $0.52 on Thursday, hitting $34.99. The stock had a trading volume of 1,081,992 shares, compared to its average volume of 690,519. The company has a market cap of $2,410.00, a P/E ratio of 27.34, a PEG ratio of 1.47 and a beta of 1.20. Pebblebrook Hotel Trust has a 52 week low of $26.21 and a 52 week high of $39.74. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.31 and a current ratio of 0.31.
A number of research analysts have commented on PEB shares. Boenning Scattergood restated a “hold” rating on shares of Pebblebrook Hotel Trust in a research note on Wednesday, October 25th. Robert W. Baird set a $35.00 target price on Pebblebrook Hotel Trust and gave the company a “hold” rating in a research note on Wednesday, October 25th. Barclays boosted their target price on Pebblebrook Hotel Trust from $36.00 to $37.00 and gave the company an “overweight” rating in a research note on Wednesday, October 25th. Royal Bank of Canada restated a “buy” rating and issued a $35.00 target price on shares of Pebblebrook Hotel Trust in a research note on Wednesday, October 25th. Finally, Zacks Investment Research downgraded Pebblebrook Hotel Trust from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. 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. Pebblebrook Hotel Trust has a consensus rating of “Hold” and a consensus target price of $36.72.
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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.
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