Wall Street analysts forecast that Pebblebrook Hotel Trust (NYSE:PEB) will post earnings per share of $0.50 for the current quarter, Zacks reports. Five analysts have made estimates for Pebblebrook Hotel Trust’s earnings, with the highest EPS estimate coming in at $0.52 and the lowest estimate coming in at $0.47. Pebblebrook Hotel Trust posted earnings of $0.33 per share during the same quarter last year, which suggests a positive year over year growth rate of 51.5%. The firm is scheduled to report its next earnings report after the market closes on Thursday, February 20th.
According to Zacks, analysts expect that Pebblebrook Hotel Trust will report full year earnings of $2.59 per share for the current year, with EPS estimates ranging from $2.55 to $2.60. For the next fiscal year, analysts forecast that the firm will post earnings of $2.46 per share, with EPS estimates ranging from $2.34 to $2.64. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Pebblebrook Hotel Trust.
Pebblebrook Hotel Trust (NYSE:PEB) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.24). Pebblebrook Hotel Trust had a negative net margin of 0.21% and a positive return on equity of 0.16%. The firm had revenue of $423.55 million during the quarter, compared to analyst estimates of $422.61 million. During the same quarter in the prior year, the firm earned $0.37 earnings per share. The business’s revenue for the quarter was up 106.1% on a year-over-year basis.
PEB has been the subject of several analyst reports. BMO Capital Markets reiterated a “hold” rating and issued a $28.00 target price on shares of Pebblebrook Hotel Trust in a research note on Monday, October 28th. Wells Fargo & Co reduced their price objective on shares of Pebblebrook Hotel Trust from $28.00 to $27.00 and set a “market perform” rating for the company in a research report on Friday, October 18th. Capital One Financial cut shares of Pebblebrook Hotel Trust from an “overweight” rating to an “equal weight” rating and set a $30.00 price objective for the company. in a research report on Monday. Barclays cut shares of Pebblebrook Hotel Trust from an “overweight” rating to an “underweight” rating and reduced their price objective for the stock from $32.00 to $26.00 in a research report on Monday, November 11th. Finally, Zacks Investment Research upgraded shares of Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. Pebblebrook Hotel Trust has a consensus rating of “Hold” and an average target price of $31.18.
A number of large investors have recently bought and sold shares of the business. Bartlett & Co. LLC purchased a new stake in shares of Pebblebrook Hotel Trust during the third quarter worth $26,000. Harvest Fund Management Co. Ltd grew its holdings in shares of Pebblebrook Hotel Trust by 266.7% during the second quarter. Harvest Fund Management Co. Ltd now owns 1,100 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 800 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Pebblebrook Hotel Trust by 35.5% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,220 shares of the real estate investment trust’s stock worth $91,000 after buying an additional 844 shares in the last quarter. Zeke Capital Advisors LLC grew its holdings in shares of Pebblebrook Hotel Trust by 24.4% during the third quarter. Zeke Capital Advisors LLC now owns 9,475 shares of the real estate investment trust’s stock worth $264,000 after buying an additional 1,861 shares in the last quarter. Finally, Lido Advisors LLC grew its holdings in shares of Pebblebrook Hotel Trust by 4.9% during the second quarter. Lido Advisors LLC now owns 10,914 shares of the real estate investment trust’s stock worth $311,000 after buying an additional 505 shares in the last quarter.
PEB opened at $25.43 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.24 and a quick ratio of 0.24. The firm has a fifty day moving average price of $26.40 and a 200 day moving average price of $26.86. Pebblebrook Hotel Trust has a 1 year low of $24.51 and a 1 year high of $34.35. The stock has a market cap of $3.34 billion, a P/E ratio of 10.38 and a beta of 1.31.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 5.98%. The ex-dividend date is Monday, December 30th. Pebblebrook Hotel Trust’s dividend payout ratio is presently 62.04%.
About Pebblebrook Hotel Trust
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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