Pebblebrook Hotel Trust (NYSE:PEB) Issues FY 2024 Earnings Guidance

Pebblebrook Hotel Trust (NYSE:PEB) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 1.490-1.610 for the period, compared to the consensus EPS estimate of 1.590. The company issued revenue guidance of -. Pebblebrook Hotel Trust also updated its FY24 guidance to $1.49-1.61 EPS.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PEB. Truist Financial increased their price objective on Pebblebrook Hotel Trust from $15.00 to $16.00 and gave the stock a hold rating in a research report on Thursday, January 18th. Compass Point reiterated a neutral rating and issued a $17.00 price objective on shares of Pebblebrook Hotel Trust in a research report on Thursday, March 28th. StockNews.com upgraded Pebblebrook Hotel Trust from a sell rating to a hold rating in a research report on Wednesday. Finally, Bank of America cut Pebblebrook Hotel Trust from a neutral rating to an underperform rating and set a $13.50 price objective for the company. in a research report on Monday, January 8th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Hold and an average target price of $14.78.

Pebblebrook Hotel Trust Price Performance

Pebblebrook Hotel Trust stock traded down $0.60 during midday trading on Thursday, reaching $15.00. 3,488,428 shares of the company were exchanged, compared to its average volume of 1,583,958. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of -14.71, a P/E/G ratio of 0.70 and a beta of 1.86. The firm’s 50-day simple moving average is $15.63 and its 200-day simple moving average is $14.67. Pebblebrook Hotel Trust has a 1 year low of $11.39 and a 1 year high of $16.65. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 0.97.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.48). The company had revenue of $314.10 million for the quarter, compared to analysts’ expectations of $304.34 million. Pebblebrook Hotel Trust had a negative return on equity of 2.85% and a negative net margin of 5.84%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.18 EPS. On average, analysts anticipate that Pebblebrook Hotel Trust will post 1.57 EPS for the current year.

Pebblebrook Hotel Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend was Wednesday, March 27th. Pebblebrook Hotel Trust’s dividend payout ratio is presently -3.92%.

Insider Buying and Selling

In related news, insider Thomas Charles Fisher sold 11,441 shares of Pebblebrook Hotel Trust stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $15.62, for a total transaction of $178,708.42. Following the completion of the sale, the insider now owns 254,449 shares in the company, valued at approximately $3,974,493.38. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.40% of the stock is currently owned by company insiders.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels and resorts in the United States. The Company owns 47 hotels and resorts, totaling approximately 12,200 guest rooms across 13 urban and resort markets.