Pebblebrook Hotel (NYSE:PEB) has been given a consensus recommendation of “Hold” by the thirteen brokerages that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $36.06.
A number of equities research analysts have recently weighed in on PEB shares. ValuEngine cut Pebblebrook Hotel from a “strong-buy” rating to a “buy” rating in a report on Monday, April 2nd. Robert W. Baird set a $37.00 price objective on shares of Pebblebrook Hotel and gave the company a “hold” rating in a research note on Tuesday, February 27th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Pebblebrook Hotel in a research note on Monday, February 26th.
Shares of PEB traded down $0.09 during mid-day trading on Thursday, reaching $35.67. 432,075 shares of the company’s stock traded hands, compared to its average volume of 891,775. The stock has a market cap of $2,460.94, a PE ratio of 13.88, a price-to-earnings-growth ratio of 2.76 and a beta of 1.22. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.56. Pebblebrook Hotel has a 12 month low of $29.53 and a 12 month high of $39.74.
Pebblebrook Hotel (NYSE:PEB) last released its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.32). The business had revenue of $179.63 million for the quarter, compared to the consensus estimate of $178.07 million. Pebblebrook Hotel had a net margin of 12.46% and a return on equity of 6.32%. analysts forecast that Pebblebrook Hotel will post 2.58 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 16th. Investors of record on Thursday, March 29th were paid a dividend of $0.38 per share. The ex-dividend date was Wednesday, March 28th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.26%. Pebblebrook Hotel’s dividend payout ratio is presently 59.14%.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Guggenheim Capital LLC grew its position in Pebblebrook Hotel by 2.3% in the fourth quarter. Guggenheim Capital LLC now owns 63,390 shares of the real estate investment trust’s stock worth $2,356,000 after buying an additional 1,405 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its position in Pebblebrook Hotel by 4.1% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 37,140 shares of the real estate investment trust’s stock worth $1,380,000 after buying an additional 1,479 shares during the last quarter. Strs Ohio grew its position in Pebblebrook Hotel by 2.4% in the fourth quarter. Strs Ohio now owns 108,830 shares of the real estate investment trust’s stock worth $4,045,000 after buying an additional 2,571 shares during the last quarter. Martingale Asset Management L P grew its position in Pebblebrook Hotel by 4.8% in the fourth quarter. Martingale Asset Management L P now owns 57,145 shares of the real estate investment trust’s stock worth $2,125,000 after buying an additional 2,616 shares during the last quarter. Finally, US Bancorp DE grew its position in Pebblebrook Hotel by 7.1% in the fourth quarter. US Bancorp DE now owns 39,967 shares of the real estate investment trust’s stock worth $1,486,000 after buying an additional 2,634 shares during the last quarter.
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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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