Wall Street brokerages expect Pebblebrook Hotel Trust (NYSE:PEB) to post earnings per share (EPS) of $0.32 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Pebblebrook Hotel Trust’s earnings. The lowest EPS estimate is $0.30 and the highest is $0.34. Pebblebrook Hotel Trust posted earnings per share of $0.49 in the same quarter last year, which indicates a negative year over year growth rate of 34.7%. The business is expected to report its next earnings results after the market closes on Monday, February 25th.
According to Zacks, analysts expect that Pebblebrook Hotel Trust will report full-year earnings of $2.43 per share for the current year, with EPS estimates ranging from $2.42 to $2.47. For the next financial year, analysts expect that the company will report earnings of $2.65 per share, with EPS estimates ranging from $2.50 to $2.77. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Pebblebrook Hotel Trust.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research downgraded Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Thursday, December 13th. ValuEngine downgraded Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Thursday, January 24th. Finally, Bank of America reissued a “buy” rating and set a $36.00 target price on shares of Pebblebrook Hotel Trust in a research report on Monday, October 29th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $36.88.
Shares of Pebblebrook Hotel Trust stock traded down $0.25 during trading on Monday, reaching $31.55. The company’s stock had a trading volume of 804,213 shares, compared to its average volume of 1,103,392. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market capitalization of $2.20 billion, a PE ratio of 12.28, a PEG ratio of 2.40 and a beta of 1.39. Pebblebrook Hotel Trust has a one year low of $26.59 and a one year high of $41.65.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Thursday, November 29th were given a dividend of $0.2478 per share. This represents a $0.99 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend was Wednesday, November 28th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently 20.62%.
In other news, Director Cydney Donnell bought 1,400 shares of the firm’s stock in a transaction that occurred on Friday, December 7th. The shares were acquired at an average cost of $35.58 per share, with a total value of $49,812.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.20% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in PEB. San Francisco Sentry Investment Group CA acquired a new stake in Pebblebrook Hotel Trust during the fourth quarter valued at approximately $36,000. Oregon Public Employees Retirement Fund acquired a new stake in Pebblebrook Hotel Trust during the fourth quarter valued at approximately $53,000. LSV Asset Management acquired a new stake in Pebblebrook Hotel Trust during the fourth quarter valued at approximately $57,000. Enlightenment Research LLC acquired a new stake in Pebblebrook Hotel Trust during the fourth quarter valued at approximately $59,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Pebblebrook Hotel Trust by 119.1% during the fourth 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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