Equities research analysts predict that Pebblebrook Hotel Trust (NYSE:PEB) will report earnings per share of $0.73 for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Pebblebrook Hotel Trust’s earnings, with the highest EPS estimate coming in at $0.76 and the lowest estimate coming in at $0.71. Pebblebrook Hotel Trust posted earnings per share of $0.75 in the same quarter last year, which suggests a negative year over year growth rate of 2.7%. The company is expected to announce its next quarterly earnings report after the market closes on Wednesday, July 25th.
According to Zacks, analysts expect that Pebblebrook Hotel Trust will report full-year earnings of $2.65 per share for the current fiscal year, with EPS estimates ranging from $2.60 to $2.70. For the next year, analysts expect that the company will report earnings of $2.70 per share, with EPS estimates ranging from $2.66 to $2.76. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Pebblebrook Hotel Trust.
Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings results on Thursday, April 26th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.35). Pebblebrook Hotel Trust had a return on equity of 7.04% and a net margin of 13.83%. The company had revenue of $181.10 million for the quarter, compared to the consensus estimate of $179.30 million. During the same quarter in the previous year, the business earned $0.54 earnings per share. Pebblebrook Hotel Trust’s revenue was down .6% compared to the same quarter last year.
A number of equities research analysts have recently weighed in on PEB shares. ValuEngine lowered Pebblebrook Hotel Trust from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 2nd. Zacks Investment Research lowered Pebblebrook Hotel Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, June 13th. Robert W. Baird lifted their price objective on Pebblebrook Hotel Trust from $37.00 to $38.00 and gave the stock a “hold” rating in a research report on Tuesday, May 1st. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Pebblebrook Hotel Trust in a research report on Monday, April 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $36.81.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Federated Investors Inc. PA boosted its position in shares of Pebblebrook Hotel Trust by 302.0% during the first quarter. Federated Investors Inc. PA now owns 4,100 shares of the real estate investment trust’s stock valued at $141,000 after purchasing an additional 3,080 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Pebblebrook Hotel Trust during the second quarter valued at approximately $213,000. Xact Kapitalforvaltning AB bought a new stake in shares of Pebblebrook Hotel Trust during the fourth quarter valued at approximately $234,000. Lido Advisors LLC bought a new stake in shares of Pebblebrook Hotel Trust during the first quarter valued at approximately $245,000. Finally, Jane Street Group LLC bought a new stake in shares of Pebblebrook Hotel Trust during the first quarter valued at approximately $254,000.
Shares of PEB stock opened at $39.66 on Tuesday. The company has a market capitalization of $2.74 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 2.99 and a beta of 1.27. Pebblebrook Hotel Trust has a fifty-two week low of $31.29 and a fifty-two week high of $41.65. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.63 and a current ratio of 0.63.
The company also recently declared a quarterly dividend, which was paid on Monday, July 16th. Investors of record on Friday, June 29th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, June 28th. This represents a $1.52 annualized dividend and a dividend yield of 3.83%. Pebblebrook Hotel Trust’s dividend payout ratio is presently 59.14%.
Pebblebrook Hotel Trust 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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