Brokerages expect Pebblebrook Hotel Trust (NYSE:PEB) to post $214.94 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Pebblebrook Hotel Trust’s earnings. The highest sales estimate is $236.73 million and the lowest is $192.76 million. Pebblebrook Hotel Trust posted sales of $179.63 million in the same quarter last year, which suggests a positive year over year growth rate of 19.7%. The firm is scheduled to report its next earnings results after the market closes on Monday, February 25th.
According to Zacks, analysts expect that Pebblebrook Hotel Trust will report full year sales of $807.98 million for the current year, with estimates ranging from $785.79 million to $829.77 million. For the next year, analysts anticipate that the business will report sales of $1.63 billion, with estimates ranging from $1.57 billion to $1.69 billion. Zacks’ sales averages are a mean average based on a survey of analysts that cover Pebblebrook Hotel Trust.
Several research firms have recently commented on PEB. Zacks Investment Research lowered Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Thursday, December 13th. ValuEngine upgraded Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Bank of America restated a “buy” rating and set a $36.00 price target on shares of Pebblebrook Hotel Trust in a research report on Monday, October 29th. Finally, Barclays restated a “buy” rating and set a $38.00 price target on shares of Pebblebrook Hotel Trust in a research report on Sunday, December 23rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $36.88.
In related news, Director Cydney Donnell acquired 1,400 shares of Pebblebrook Hotel Trust stock in a transaction dated Friday, December 7th. The shares were acquired at an average cost of $35.58 per share, for a total transaction of $49,812.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.20% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Great West Life Assurance Co. Can raised its stake in Pebblebrook Hotel Trust by 4.4% in the third quarter. Great West Life Assurance Co. Can now owns 46,801 shares of the real estate investment trust’s stock valued at $1,702,000 after buying an additional 1,974 shares in the last quarter. Teachers Advisors LLC raised its stake in Pebblebrook Hotel Trust by 51.9% in the third quarter. Teachers Advisors LLC now owns 920,503 shares of the real estate investment trust’s stock valued at $33,479,000 after buying an additional 314,484 shares in the last quarter. Pensionfund DSM Netherlands acquired a new stake in shares of Pebblebrook Hotel Trust during the fourth quarter worth about $1,526,000. Deutsche Bank AG increased its position in shares of Pebblebrook Hotel Trust by 1.1% during the third quarter. Deutsche Bank AG now owns 694,297 shares of the real estate investment trust’s stock worth $25,250,000 after purchasing an additional 7,328 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Pebblebrook Hotel Trust by 1.3% during the third quarter. American Century Companies Inc. now owns 211,642 shares of the real estate investment trust’s stock worth $7,697,000 after purchasing an additional 2,766 shares in the last quarter.
Pebblebrook Hotel Trust stock traded up $0.49 during mid-day trading on Wednesday, hitting $32.04. The company’s stock had a trading volume of 1,035,621 shares, compared to its average volume of 1,246,876. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 2.38 and a beta of 1.39. Pebblebrook Hotel Trust has a 1 year low of $26.59 and a 1 year high of $41.65. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.80 and a current ratio of 0.80.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 15th. Stockholders of record on Thursday, November 29th were paid a $0.2478 dividend. This represents a $0.99 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend was Wednesday, November 28th. Pebblebrook Hotel Trust’s payout ratio is currently 20.62%.
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 64 hotels, totaling approximately 15,400 guest rooms, located in 11 states and the District of Columbia, in the following markets: Del Mar, California; Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Santa Cruz, California; Washington, DC; Coral Gables, Florida; Key West, Florida; Naples, Florida; Buckhead, Georgia; Chicago, Illinois; Boston, Massachusetts; Minneapolis, Minnesota; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.
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