Equities research analysts forecast that Pebblebrook Hotel Trust (NYSE:PEB) will report earnings of $0.53 per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Pebblebrook Hotel Trust’s earnings. The lowest EPS estimate is $0.49 and the highest is $0.58. Pebblebrook Hotel Trust reported earnings of $0.54 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 1.9%. The company is expected to report its next quarterly earnings report on Thursday, April 26th.
On average, analysts expect that Pebblebrook Hotel Trust will report full-year earnings of $2.55 per share for the current year, with EPS estimates ranging from $2.51 to $2.64. For the next year, analysts expect that the business will post earnings of $2.57 per share, with EPS estimates ranging from $2.28 to $2.66. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Pebblebrook Hotel Trust.
Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.32). The firm had revenue of $179.63 million during the quarter, compared to the consensus estimate of $178.07 million. Pebblebrook Hotel Trust had a return on equity of 6.32% and a net margin of 12.46%.
A number of equities analysts have weighed in on the stock. Boenning Scattergood reiterated a “hold” rating on shares of Pebblebrook Hotel Trust in a research report on Monday, February 26th. ValuEngine upgraded shares of Pebblebrook Hotel Trust from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 15th. Stifel Nicolaus reiterated a “hold” rating and issued a $36.50 price target on shares of Pebblebrook Hotel Trust in a research report on Sunday, December 3rd. Barclays reiterated a “buy” rating and issued a $39.00 price target on shares of Pebblebrook Hotel Trust in a research report on Friday, December 15th. Finally, Robert W. Baird set a $37.00 price target on shares of Pebblebrook Hotel Trust and gave the stock a “hold” rating in a research report on Friday, December 1st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $36.61.
Several hedge funds have recently added to or reduced their stakes in PEB. Xact Kapitalforvaltning AB purchased a new stake in Pebblebrook Hotel Trust during the fourth quarter valued at $234,000. Phocas Financial Corp. raised its stake in shares of Pebblebrook Hotel Trust by 72.9% in the fourth quarter. Phocas Financial Corp. now owns 313,323 shares of the real estate investment trust’s stock valued at $11,646,000 after acquiring an additional 132,075 shares during the period. MetLife Investment Advisors LLC purchased a new stake in shares of Pebblebrook Hotel Trust in the fourth quarter valued at $1,148,000. Eii Capital Management Inc. purchased a new stake in shares of Pebblebrook Hotel Trust in the fourth quarter valued at $455,000. Finally, Glenmede Trust Co. NA raised its stake in shares of Pebblebrook Hotel Trust by 0.8% in the fourth quarter. Glenmede Trust Co. NA now owns 1,440,438 shares of the real estate investment trust’s stock valued at $53,540,000 after acquiring an additional 11,062 shares during the period.
PEB stock traded down $0.52 on Friday, hitting $33.39. 277,089 shares of the company’s stock were exchanged, compared to its average volume of 674,927. The company has a market capitalization of $2,399.54, a price-to-earnings ratio of 13.48, a P/E/G ratio of 1.44 and a beta of 1.28. Pebblebrook Hotel Trust has a fifty-two week low of $27.57 and a fifty-two week high of $39.74. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.56.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 4.55%. The ex-dividend date of this dividend is Wednesday, March 28th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently 126.67%.
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Pebblebrook Hotel Trust Company Profile
Pebblebrook Hotel Trust is an internally managed hotel investment company. The Company is a real estate investment trust (REIT) that acquires and invests in hotel properties located primarily in cities of the United States. As of December 31, 2016, the Company owned 29 hotels with a total of 7,219 guest rooms.
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