Pebblebrook Hotel Trust (NYSE:PEB) Plans Quarterly Dividend of $0.01

Pebblebrook Hotel Trust (NYSE:PEBGet 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.

Pebblebrook Hotel Trust (NYSE:PEBGet Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.56. The firm had revenue of $407.14 million for the quarter, compared to analyst estimates of $400.05 million. Pebblebrook Hotel Trust had a negative return on equity of 1.83% and a negative net margin of 3.11%.The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 EPS. Pebblebrook Hotel Trust has set its Q3 2026 guidance at 0.480-0.520 EPS and its FY 2026 guidance at 1.690-1.760 EPS. Research analysts anticipate that Pebblebrook Hotel Trust will post 1.7 earnings per share for the current year.

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

(Get Free Report)

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.

Read More

Dividend History for Pebblebrook Hotel Trust (NYSE:PEB)

Receive News & Ratings for Pebblebrook Hotel Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pebblebrook Hotel Trust and related companies with MarketBeat.com's FREE daily email newsletter.