Zacks: Analysts Anticipate Pebblebrook Hotel Trust (NYSE:PEB) Will Announce Quarterly Sales of $220.00 Million

Equities research analysts expect Pebblebrook Hotel Trust (NYSE:PEB) to announce sales of $220.00 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Pebblebrook Hotel Trust’s earnings, with the highest sales estimate coming in at $225.19 million and the lowest estimate coming in at $214.82 million. Pebblebrook Hotel Trust posted sales of $74.21 million in the same quarter last year, which suggests a positive year over year growth rate of 196.5%. The company is expected to announce its next earnings report on Tuesday, February 22nd.

According to Zacks, analysts expect that Pebblebrook Hotel Trust will report full year sales of $702.40 million for the current financial year, with estimates ranging from $696.30 million to $710.96 million. For the next year, analysts expect that the company will post sales of $1.19 billion, with estimates ranging from $1.15 billion to $1.23 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Pebblebrook Hotel Trust.

Pebblebrook Hotel Trust (NYSE:PEB) last released its earnings results on Thursday, October 28th. The real estate investment trust reported ($0.34) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.34). The firm had revenue of $238.80 million during 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%. Pebblebrook Hotel Trust’s revenue for the quarter was up 210.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.51) EPS.

Several brokerages have recently issued reports on PEB. Robert W. Baird reissued a “hold” rating and set a $26.00 price objective on shares of Pebblebrook Hotel Trust in a research note on Friday, September 10th. Citigroup lowered their price objective on shares of Pebblebrook Hotel Trust from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, October 6th. Finally, Zacks Investment Research raised 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 research note on Wednesday, November 3rd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Pebblebrook Hotel Trust currently has a consensus rating of “Buy” and a consensus price target of $26.20.

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PEB stock opened at $22.28 on Friday. The stock has a market capitalization of $2.93 billion, a P/E ratio of -8.01 and a beta of 1.87. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.79 and a current ratio of 0.79. Pebblebrook Hotel Trust has a one year low of $17.57 and a one year high of $26.45. The company has a 50 day moving average price of $22.62 and a two-hundred day moving average price of $22.57.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 18th. Investors of record on Friday, December 31st will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, December 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.18%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is -1.44%.

In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz sold 7,366 shares of the business’s stock in a transaction on Wednesday, December 22nd. The shares were sold at an average price of $25.01, for a total value of $184,223.66. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jon E. Bortz sold 1,727 shares of the business’s stock in a transaction on Monday, December 20th. The stock was sold at an average price of $25.01, for a total transaction of $43,192.27. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,951 shares of company stock valued at $769,047. 1.90% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of PEB. William Blair Investment Management LLC lifted its holdings in Pebblebrook Hotel Trust by 50,305.0% in the 3rd quarter. William Blair Investment Management LLC now owns 1,045,904 shares of the real estate investment trust’s stock worth $23,439,000 after buying an additional 1,043,829 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Pebblebrook Hotel Trust by 46.5% in the 2nd quarter. Principal Financial Group Inc. now owns 2,737,736 shares of the real estate investment trust’s stock valued at $64,473,000 after purchasing an additional 868,437 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Pebblebrook Hotel Trust by 13.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 6,794,545 shares of the real estate investment trust’s stock valued at $160,012,000 after purchasing an additional 821,565 shares in the last quarter. Brookfield Asset Management Inc. raised its stake in shares of Pebblebrook Hotel Trust by 21.6% in the 2nd quarter. Brookfield Asset Management Inc. now owns 3,698,578 shares of the real estate investment trust’s stock valued at $87,102,000 after purchasing an additional 656,442 shares in the last quarter. Finally, Heitman Real Estate Securities LLC raised its stake in shares of Pebblebrook Hotel Trust by 20.0% in the 2nd quarter. Heitman Real Estate Securities LLC now owns 3,185,944 shares of the real estate investment trust’s stock valued at $75,029,000 after purchasing an additional 529,949 shares in the last quarter.

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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Earnings History and Estimates for Pebblebrook Hotel Trust (NYSE:PEB)

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