Wall Street analysts expect Pebblebrook Hotel Trust (NYSE:PEB) to post earnings of $0.06 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Pebblebrook Hotel Trust’s earnings, with the highest EPS estimate coming in at $0.12 and the lowest estimate coming in at $0.03. Pebblebrook Hotel Trust reported earnings of ($0.50) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 112%. The business is expected to issue its next quarterly earnings results on Tuesday, February 22nd.
On average, analysts expect that Pebblebrook Hotel Trust will report full-year earnings of ($0.34) per share for the current year, with EPS estimates ranging from ($0.35) to ($0.33). For the next fiscal year, analysts anticipate that the business will report earnings of $1.36 per share, with EPS estimates ranging from $1.17 to $1.47. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Pebblebrook Hotel Trust.
Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings results on Thursday, October 28th. The real estate investment trust reported ($0.34) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.34). The firm had revenue of $238.80 million for the quarter, compared to analysts’ expectations of $232.39 million. Pebblebrook Hotel Trust had a negative net margin of 56.31% and a negative return on equity of 9.74%. The firm’s revenue for the quarter was up 210.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.51) EPS.
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PEB has been the topic of a number of research analyst reports. Robert W. Baird reaffirmed a “hold” rating and issued a $26.00 price target on shares of Pebblebrook Hotel Trust in a research note on Friday, September 10th. Citigroup decreased their price target on shares of Pebblebrook Hotel Trust from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 6th. Finally, Zacks Investment Research upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Wednesday, November 3rd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $24.71.
PEB stock opened at $20.53 on Friday. Pebblebrook Hotel Trust has a 12-month low of $17.56 and a 12-month high of $26.45. The business’s 50-day moving average is $23.04 and its 200 day moving average is $22.67. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.74. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of -7.38 and a beta of 1.89.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 15th. Stockholders of record on Thursday, September 30th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date of this dividend was Wednesday, September 29th. Pebblebrook Hotel Trust’s dividend payout ratio is presently -1.44%.
In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz sold 20,000 shares of Pebblebrook Hotel Trust stock in a transaction dated Wednesday, September 29th. The shares were sold at an average price of $24.75, for a total transaction of $495,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders sold 21,354 shares of company stock worth $529,036. 1.90% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in the stock. Whittier Trust Co. acquired a new position in shares of Pebblebrook Hotel Trust during the third quarter worth about $25,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Pebblebrook Hotel Trust in the 2nd quarter valued at $30,000. Eaton Vance Management purchased a new stake in shares of Pebblebrook Hotel Trust during the 1st quarter worth $33,000. Harbor Investment Advisory LLC increased its holdings in Pebblebrook Hotel Trust by 30.7% in the third quarter. Harbor Investment Advisory LLC now owns 1,891 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 444 shares during the last quarter. Finally, Penserra Capital Management LLC purchased a new position in Pebblebrook Hotel Trust in the second quarter valued at $43,000.
Pebblebrook Hotel Trust Company Profile
Pebblebrook Hotel Trust is a real estate investment trust, which engages in the investments and acquisition in hotel properties. Its hotels are located in the markets like: Atlanta, Georgia; Boston, Massachusetts; Chicago, Illinois; Key West, Florida; Miami, Los Angeles, Naples, Nashville, Tennessee; New York, Philadelphia, Pennsylvania; Portland, Oregon; San Diego, California; San Francisco, Seattle, Stevenson, and Washington, DC The company was founded by Jon E.
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