Equities analysts forecast that Pebblebrook Hotel Trust (NYSE:PEB) will announce earnings of $0.83 per share for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Pebblebrook Hotel Trust’s earnings, with the lowest EPS estimate coming in at $0.81 and the highest estimate coming in at $0.86. Pebblebrook Hotel Trust posted earnings of $0.81 per share during the same quarter last year, which indicates a positive year over year growth rate of 2.5%. The business is expected to announce its next quarterly earnings report after the market closes on Thursday, July 25th.
According to Zacks, analysts expect that Pebblebrook Hotel Trust will report full year earnings of $2.66 per share for the current financial year, with EPS estimates ranging from $2.64 to $2.70. For the next year, analysts anticipate that the company will post earnings of $2.65 per share, with EPS estimates ranging from $2.51 to $2.72. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Pebblebrook Hotel Trust.
Pebblebrook Hotel Trust (NYSE:PEB) last released its earnings results on Thursday, April 25th. The real estate investment trust reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. Pebblebrook Hotel Trust had a negative return on equity of 0.20% and a negative net margin of 0.53%. The firm had revenue of $267.20 million for the quarter, compared to analysts’ expectations of $358.66 million. During the same period in the prior year, the firm posted $0.67 earnings per share. The company’s quarterly revenue was up 47.5% on a year-over-year basis.
PEB has been the topic of several recent analyst reports. Zacks Investment Research cut H&E Equipment Services from a “hold” rating to a “sell” rating in a research report on Wednesday. Citigroup cut OIL SEARCH LTD/ADR from a “neutral” rating to a “sell” rating in a research report on Thursday, March 28th. BTIG Research dropped their price objective on Host Hotels and Resorts from $24.00 to $20.50 and set a “buy” rating on the stock in a research report on Thursday, June 27th. They noted that the move was a valuation call. Bank of America reaffirmed an “underperform” rating and set a $44.00 price objective (down from $46.00) on shares of Stericycle in a research report on Wednesday. Finally, Capital One Financial initiated coverage on Summit Hotel Properties in a research report on Tuesday, June 25th. They set an “equal weight” rating and a $13.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. Pebblebrook Hotel Trust presently has a consensus rating of “Hold” and an average price target of $35.33.
Hedge funds have recently bought and sold shares of the business. Pearl River Capital LLC bought a new position in Pebblebrook Hotel Trust in the first quarter valued at about $40,000. PNC Financial Services Group Inc. lifted its holdings in Pebblebrook Hotel Trust by 119.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,574 shares of the real estate investment trust’s stock valued at $72,000 after acquiring an additional 1,399 shares during the period. FCA Corp TX bought a new position in Pebblebrook Hotel Trust in the fourth quarter valued at about $142,000. Advisor Group Inc. lifted its holdings in Pebblebrook Hotel Trust by 45.3% in the fourth quarter. Advisor Group Inc. now owns 6,102 shares of the real estate investment trust’s stock valued at $173,000 after acquiring an additional 1,903 shares during the period. Finally, Starr International Co. Inc. bought a new position in Pebblebrook Hotel Trust in the first quarter valued at about $193,000.
Shares of NYSE PEB traded up $0.01 during trading on Friday, reaching $26.93. The company had a trading volume of 41,510 shares, compared to its average volume of 947,695. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.29 and a current ratio of 0.29. Pebblebrook Hotel Trust has a 12-month low of $26.51 and a 12-month high of $39.88. The stock has a market cap of $3.52 billion, a PE ratio of 11.00, a PEG ratio of 2.03 and a beta of 1.34. The business’s 50-day moving average is $28.04.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.52 annualized dividend and a dividend yield of 5.64%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently 62.04%.
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 61 hotels, totaling approximately 14,600 guest rooms, located in 10 states and the District of Columbia, including: 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; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.
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