Wall Street analysts forecast that Pebblebrook Hotel Trust (NYSE:PEB) will announce earnings per share of $0.40 for the current quarter, according to Zacks. Four analysts have provided estimates for Pebblebrook Hotel Trust’s earnings. The highest EPS estimate is $0.41 and the lowest is $0.38. Pebblebrook Hotel Trust posted earnings per share of $0.67 in the same quarter last year, which would suggest a negative year-over-year growth rate of 40.3%. The firm is expected to announce its next earnings results after the market closes on Thursday, April 25th.
On average, analysts expect that Pebblebrook Hotel Trust will report full-year earnings of $2.64 per share for the current financial year, with EPS estimates ranging from $2.62 to $2.67. For the next year, analysts anticipate that the business will report earnings of $2.64 per share, with EPS estimates ranging from $2.50 to $2.71. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Pebblebrook Hotel Trust.
Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly earnings results on Monday, February 25th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.23. The business had revenue of $235.64 million for the quarter, compared to analysts’ expectations of $207.53 million. Pebblebrook Hotel Trust had a return on equity of 0.64% and a net margin of 1.62%. The business’s quarterly revenue was up 31.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 EPS.
PEB has been the topic of a number of research reports. Barclays reiterated a “buy” rating and set a $38.00 price target on shares of Pebblebrook Hotel Trust in a research report on Sunday, December 23rd. ValuEngine upgraded Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Thursday, January 10th. Zacks Investment Research upgraded Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 21st. Raymond James lowered their target price on Pebblebrook Hotel Trust from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, December 21st. Finally, TheStreet cut Pebblebrook Hotel Trust from a “b-” rating to a “c” rating in a research report on Wednesday, February 27th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Pebblebrook Hotel Trust presently has an average rating of “Hold” and a consensus price target of $36.33.
Shares of Pebblebrook Hotel Trust stock opened at $30.99 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.46 and a current ratio of 0.46. The company has a market cap of $4.05 billion, a PE ratio of 12.16, a P/E/G ratio of 2.35 and a beta of 1.34. Pebblebrook Hotel Trust has a twelve month low of $26.59 and a twelve month high of $41.65.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a $0.38 dividend. This is a boost from Pebblebrook Hotel Trust’s previous quarterly dividend of $0.25. This represents a $1.52 annualized dividend and a yield of 4.90%. The ex-dividend date was Thursday, March 28th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is currently 62.04%.
Hedge funds and other institutional investors have recently modified their holdings of the business. Rehmann Capital Advisory Group bought a new position in Pebblebrook Hotel Trust during the 4th quarter valued at $25,000. San Francisco Sentry Investment Group CA bought a new position in Pebblebrook Hotel Trust during the 4th quarter valued at $36,000. LSV Asset Management bought a new position in Pebblebrook Hotel Trust during the 4th quarter valued at $57,000. Enlightenment Research LLC bought a new position in Pebblebrook Hotel Trust during the 4th quarter valued at $59,000. Finally, PNC Financial Services Group Inc. boosted its stake in Pebblebrook Hotel Trust by 119.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,574 shares of the real estate investment trust’s stock valued at $72,000 after purchasing an additional 1,399 shares in the last quarter.
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 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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