Pebblebrook Hotel Trust (NYSE:PEB – Get Free Report) released its quarterly earnings data on Thursday. The real estate investment trust reported ($0.56) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.59), FiscalAI reports. The business had revenue of $402.75 million for the quarter, compared to analyst estimates of $393.55 million. Pebblebrook Hotel Trust had a negative return on equity of 1.83% and a negative net margin of 3.11%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.51 EPS.
Pebblebrook Hotel Trust Price Performance
Shares of Pebblebrook Hotel Trust stock opened at $21.67 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a 50 day moving average price of $18.92 and a 200-day moving average price of $16.02. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 1.01 and a beta of 1.43. Pebblebrook Hotel Trust has a one year low of $9.99 and a one year high of $21.90.
Pebblebrook Hotel Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.2%. Pebblebrook Hotel Trust’s dividend payout ratio is -5.80%.
Analyst Ratings Changes
A number of research analysts have commented on PEB shares. Barclays reduced their price target on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set an “underweight” rating on the stock in a research report on Thursday, August 27th. Stifel Nicolaus set a $22.00 target price on shares of Pebblebrook Hotel Trust in a research note on Monday, October 19th. Citigroup lifted their price target on shares of Pebblebrook Hotel Trust from $15.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. Zacks Research upgraded Pebblebrook Hotel Trust from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 20th. Finally, Weiss Ratings upgraded shares of Pebblebrook Hotel Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $18.27.
View Our Latest Analysis on PEB
About Pebblebrook Hotel Trust
Pebblebrook Hotel Trust (NYSE:PEB) is a publicly traded real estate investment trust that owns and invests in upscale, full-service hotels and resorts in the United States. The company focuses on acquiring, developing, and repositioning lodging properties in major urban and resort destinations.
Its portfolio includes hotels operating under a variety of national, regional, and independent brands. Pebblebrook generally owns the underlying real estate while hotels are operated through management agreements, providing lodging accommodations, food and beverage services, meeting and event facilities, and other guest amenities.
Founded in 2009, Pebblebrook Hotel Trust has emphasized properties in markets with strong tourism, business travel, and cultural or recreational appeal.
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