Pebblebrook Hotel (NYSE:PEB) declared a quarterly dividend on Thursday, March 15th, RTT News reports. Shareholders of record on Thursday, March 29th will be given a dividend of 0.38 per share by the real estate investment trust on Monday, April 16th. This represents a $1.52 annualized dividend and a dividend yield of 4.50%. The ex-dividend date of this dividend is Wednesday, March 28th.
Pebblebrook Hotel has increased its dividend by an average of 21.4% annually over the last three years and has increased its dividend every year for the last 5 years. Pebblebrook Hotel has a dividend payout ratio of 60.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Pebblebrook Hotel to earn $2.63 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 57.8%.
Shares of NYSE:PEB traded down $0.28 during mid-day trading on Friday, reaching $33.81. The company had a trading volume of 529,492 shares, compared to its average volume of 730,729. 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 stock has a market capitalization of $2,351.93, a PE ratio of 13.16, a price-to-earnings-growth ratio of 2.67 and a beta of 1.22. Pebblebrook Hotel has a one year low of $28.62 and a one year high of $39.74.
Pebblebrook Hotel (NYSE:PEB) last posted its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.32). Pebblebrook Hotel had a return on equity of 6.32% and a net margin of 12.46%. The company had revenue of $179.63 million during the quarter, compared to the consensus estimate of $178.07 million. research analysts predict that Pebblebrook Hotel will post 2.55 earnings per share for the current year.
A number of equities research analysts have issued reports on PEB shares. Robert W. Baird set a $37.00 target price on shares of Pebblebrook Hotel and gave the company a “hold” rating in a report on Tuesday, February 27th. Barclays restated a “buy” rating and set a $39.00 price target on shares of Pebblebrook Hotel in a research report on Friday, December 15th. ValuEngine lowered shares of Pebblebrook Hotel from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, Boenning Scattergood restated a “hold” rating on shares of Pebblebrook Hotel in a research report on Monday, February 26th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. Pebblebrook Hotel has an average rating of “Hold” and an average target price of $36.61.
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About Pebblebrook Hotel
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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