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

Pebblebrook Hotel Trust (NYSE:PEB) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 1.570-1.600 for the period, compared to the consensus earnings per share estimate of 1.610. The company issued revenue guidance of -. Pebblebrook Hotel Trust also updated its Q4 guidance to $0.08 to $0.11 EPS.

Analyst Ratings Changes

Several brokerages have weighed in on PEB. StockNews.com cut Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Wells Fargo & Company dropped their price target on Pebblebrook Hotel Trust from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Friday, September 13th. Truist Financial reduced their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating on the stock in a research note on Monday, October 28th. Finally, Robert W. Baird dropped their target price on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $14.30.

Pebblebrook Hotel Trust Trading Down 2.3 %

Shares of PEB stock traded down $0.31 during trading hours on Friday, hitting $12.95. 2,351,895 shares of the company’s stock traded hands, compared to its average volume of 1,676,093. The stock has a market cap of $1.56 billion, a PE ratio of -44.66, a price-to-earnings-growth ratio of 0.62 and a beta of 1.85. The stock’s 50 day simple moving average is $12.88 and its 200 day simple moving average is $13.43. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.78. Pebblebrook Hotel Trust has a 12 month low of $11.39 and a 12 month high of $16.65.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.31%. The ex-dividend date was Monday, September 30th. Pebblebrook Hotel Trust’s payout ratio is presently -13.79%.

Insider Activity

In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz purchased 22,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was purchased at an average cost of $12.21 per share, for a total transaction of $268,620.00. Following the acquisition, the chief executive officer now owns 1,341,284 shares in the company, valued at approximately $16,377,077.64. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.40% of the company’s stock.

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.