Pebblebrook Hotel Trust (NYSE:PEB – Get Free Report) announced a quarterly dividend on Tuesday, September 15th. Investors of record on Wednesday, September 30th will be given a dividend of 0.01 per share by the real estate investment trust on Thursday, October 15th. This represents a c) annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, September 30th.
Pebblebrook Hotel Trust has a payout ratio of -9.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Pebblebrook Hotel Trust to earn $1.65 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 2.4%.
Pebblebrook Hotel Trust Stock Performance
NYSE:PEB opened at $18.16 on Wednesday. The stock has a 50 day simple moving average of $18.47 and a 200 day simple moving average of $16.13. The stock has a market cap of $2.05 billion, a P/E ratio of -26.32, a PEG ratio of 1.23 and a beta of 1.40. Pebblebrook Hotel Trust has a 1-year low of $9.99 and a 1-year high of $19.93. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.83.
Hedge Funds Weigh In On Pebblebrook Hotel Trust
Hedge funds have recently bought and sold shares of the company. Nykredit A S bought a new position in Pebblebrook Hotel Trust in the second quarter valued at about $51,000. Whittier Trust Co. of Nevada Inc. acquired a new position in Pebblebrook Hotel Trust during the first quarter worth about $34,000. Cullen Frost Bankers Inc. bought a new position in shares of Pebblebrook Hotel Trust in the fourth quarter worth about $38,000. Group One Trading LLC bought a new position in shares of Pebblebrook Hotel Trust in the second quarter worth about $86,000. Finally, Hantz Financial Services Inc. boosted its stake in shares of Pebblebrook Hotel Trust by 188.0% in the 4th quarter. Hantz Financial Services Inc. now owns 5,049 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 3,296 shares in the last quarter.
Pebblebrook Hotel Trust Company Profile
Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust that owns and invests in upper-upscale and luxury hotels and resorts. The company’s portfolio includes independent, boutique and branded properties serving business and leisure travelers.
Pebblebrook focuses primarily on hotels in major urban and resort destinations across the United States, including markets on the West Coast, in the Northeast, the Southeast and other metropolitan and resort regions.
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