Wall Street analysts expect Pebblebrook Hotel Trust (NYSE:PEB) to report $228.32 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Pebblebrook Hotel Trust’s earnings, with the lowest sales estimate coming in at $225.19 million and the highest estimate coming in at $230.38 million. Pebblebrook Hotel Trust reported sales of $74.21 million during the same quarter last year, which indicates a positive year-over-year growth rate of 207.7%. The company is expected to announce its next quarterly earnings report on Tuesday, February 22nd.
According to Zacks, analysts expect that Pebblebrook Hotel Trust will report full-year sales of $709.64 million for the current year, with estimates ranging from $696.30 million to $716.15 million. For the next fiscal year, analysts expect that the company will post sales of $1.18 billion, with estimates ranging from $1.15 billion to $1.21 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Pebblebrook Hotel Trust.
Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings results on Thursday, October 28th. The real estate investment trust reported ($0.34) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.34). The business had revenue of $238.80 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 210.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.51) EPS.
Several brokerages recently issued reports on PEB. Raymond James upgraded shares of Pebblebrook Hotel Trust from a “market perform” rating to an “outperform” rating and set a $27.00 price target on the stock in a research report on Monday, January 10th. Citigroup dropped their price objective on Pebblebrook Hotel Trust from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, October 6th. Zacks Investment Research raised 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. BMO Capital Markets raised Pebblebrook Hotel Trust from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $25.00 to $26.00 in a report on Friday, January 7th. Finally, UBS Group cut Pebblebrook Hotel Trust to a “neutral” rating in a report on Monday, January 10th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Pebblebrook Hotel Trust has an average rating of “Buy” and a consensus target price of $26.00.
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In related news, CEO Jon E. Bortz sold 7,366 shares of the stock in a transaction that occurred on Wednesday, December 22nd. The stock was sold at an average price of $25.01, for a total transaction of $184,223.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jon E. Bortz sold 19,132 shares of the stock in a transaction that occurred on Wednesday, December 29th. The stock was sold at an average price of $24.90, for a total value of $476,386.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,979 shares of company stock valued at $772,842. 1.90% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Schonfeld Strategic Advisors LLC increased its stake in Pebblebrook Hotel Trust by 18.2% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 37,100 shares of the real estate investment trust’s stock worth $831,000 after purchasing an additional 5,700 shares in the last quarter. Phocas Financial Corp. increased its stake in Pebblebrook Hotel Trust by 0.5% during the 3rd quarter. Phocas Financial Corp. now owns 315,699 shares of the real estate investment trust’s stock worth $7,075,000 after purchasing an additional 1,574 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Pebblebrook Hotel Trust by 33.5% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 245,972 shares of the real estate investment trust’s stock worth $5,512,000 after purchasing an additional 61,724 shares in the last quarter. Janus Henderson Group PLC bought a new stake in Pebblebrook Hotel Trust during the 3rd quarter worth approximately $297,000. Finally, Rehmann Capital Advisory Group increased its stake in Pebblebrook Hotel Trust by 43.9% during the 3rd quarter. Rehmann Capital Advisory Group now owns 35,387 shares of the real estate investment trust’s stock worth $748,000 after purchasing an additional 10,792 shares in the last quarter.
Shares of NYSE PEB opened at $23.96 on Friday. The firm’s 50-day simple moving average is $22.49 and its 200 day simple moving average is $22.49. The company has a market cap of $3.15 billion, a price-to-earnings ratio of -8.62, a price-to-earnings-growth ratio of 1.30 and a beta of 1.87. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.74. Pebblebrook Hotel Trust has a 12-month low of $17.57 and a 12-month high of $26.45.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 18th. Stockholders of record on Friday, December 31st will be paid a $0.01 dividend. The ex-dividend date of this dividend is Thursday, December 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.17%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -1.44%.
About Pebblebrook Hotel Trust
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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