Equities research analysts forecast that Pebblebrook Hotel (NYSE:PEB) will announce $0.54 earnings per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Pebblebrook Hotel’s earnings, with the highest EPS estimate coming in at $0.58 and the lowest estimate coming in at $0.49. Pebblebrook Hotel also posted earnings of $0.54 per share in the same quarter last year. The firm is scheduled to issue its next earnings results on Thursday, April 26th.
According to Zacks, analysts expect that Pebblebrook Hotel will report full-year earnings of $2.55 per share for the current financial year, with EPS estimates ranging from $2.51 to $2.64. For the next year, analysts anticipate that the company will post earnings of $2.63 per share, with EPS estimates ranging from $2.60 to $2.66. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Pebblebrook Hotel.
Pebblebrook Hotel (NYSE:PEB) last announced its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.32). The firm had revenue of $179.63 million for the quarter, compared to the consensus estimate of $178.07 million. Pebblebrook Hotel had a return on equity of 6.32% and a net margin of 12.46%.
PEB has been the subject of a number of recent analyst reports. Robert W. Baird set a $37.00 price target on Pebblebrook Hotel and gave the company a “hold” rating in a research note on Tuesday, February 27th. Barclays reissued a “buy” rating and set a $39.00 target price on shares of Pebblebrook Hotel in a research note on Friday, December 15th. ValuEngine raised Pebblebrook Hotel from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 15th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Pebblebrook Hotel in a research note on Monday, February 26th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $36.61.
A number of large investors have recently added to or reduced their stakes in the business. Xact Kapitalforvaltning AB acquired a new position in Pebblebrook Hotel during the 4th quarter worth approximately $234,000. Phocas Financial Corp. boosted its position in Pebblebrook Hotel by 72.9% during the 4th quarter. Phocas Financial Corp. now owns 313,323 shares of the real estate investment trust’s stock worth $11,646,000 after acquiring an additional 132,075 shares during the last quarter. MetLife Investment Advisors LLC acquired a new position in Pebblebrook Hotel during the 4th quarter worth approximately $1,148,000. Eii Capital Management Inc. acquired a new position in Pebblebrook Hotel during the 4th quarter worth approximately $455,000. Finally, Glenmede Trust Co. NA boosted its position in Pebblebrook Hotel by 0.8% during the 4th quarter. Glenmede Trust Co. NA now owns 1,440,438 shares of the real estate investment trust’s stock worth $53,540,000 after acquiring an additional 11,062 shares during the last quarter.
NYSE:PEB traded down $0.28 on Wednesday, hitting $33.81. 529,492 shares of the stock were exchanged, compared to its average volume of 730,729. The stock has a market capitalization of $2,351.93, a P/E ratio of 13.21, a P/E/G ratio of 2.67 and a beta of 1.22. Pebblebrook Hotel has a 52 week low of $28.62 and a 52 week high of $39.74. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.56.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date of this dividend is Wednesday, March 28th. Pebblebrook Hotel’s dividend payout ratio (DPR) is currently 59.14%.
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Pebblebrook Hotel Company Profile
Pebblebrook Hotel Trust is a publicly traded real estate investment trust (?REIT?) organized to opportunistically acquire and invest primarily in upper upscale, full-service hotels located in urban markets in major gateway cities. The Company owns 28 hotels, with a total of 6,972 guest rooms. The Company owns hotels located in 9 states and the District of Columbia, including: Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Washington, DC; Coral Gables, Florida; Naples, Florida; Buckhead, Georgia; Boston, Massachusetts; Minneapolis, Minnesota; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.
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