Pebblebrook Hotel Trust (NYSE:PEB) updated its FY18 earnings guidance on Thursday. The company provided EPS guidance of $2.57-2.64 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.66. Pebblebrook Hotel Trust also updated its FY 2018 guidance to $2.57-2.64 EPS.
A number of equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Pebblebrook Hotel Trust from a sell rating to a hold rating in a report on Saturday. Bank of America reiterated a buy rating and issued a $36.00 price target on shares of Pebblebrook Hotel Trust in a report on Monday, October 29th. Robert W. Baird set a $38.00 price target on shares of Pebblebrook Hotel Trust and gave the company a hold rating in a report on Wednesday, October 10th. ValuEngine lowered shares of Pebblebrook Hotel Trust from a buy rating to a hold rating in a report on Thursday, August 2nd. Finally, Royal Bank of Canada reiterated a buy rating and issued a $40.00 price target on shares of Pebblebrook Hotel Trust in a report on Wednesday, August 15th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of Hold and an average target price of $38.42.
Shares of PEB traded down $0.73 during mid-day trading on Friday, reaching $33.29. The company had a trading volume of 1,821,062 shares, compared to its average volume of 1,561,202. The firm has a market cap of $2.30 billion, a PE ratio of 12.28, a price-to-earnings-growth ratio of 2.53 and a beta of 1.19. Pebblebrook Hotel Trust has a fifty-two week low of $31.05 and a fifty-two week high of $41.65. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.55.
The business also recently declared a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were issued a $0.38 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.57%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) 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 6,973 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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