Pebblebrook Hotel Trust (NYSE:PEB) Expected to Post Earnings of $0.51 Per Share

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Brokerages expect Pebblebrook Hotel Trust (NYSE:PEB) to report earnings per share (EPS) of $0.51 for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Pebblebrook Hotel Trust’s earnings, with estimates ranging from $0.50 to $0.52. Pebblebrook Hotel Trust posted earnings per share of $0.33 during the same quarter last year, which suggests a positive year over year growth rate of 54.5%. The business is scheduled to announce its next quarterly earnings report on Monday, February 24th.

On average, analysts expect that Pebblebrook Hotel Trust will report full year earnings of $2.60 per share for the current year, with EPS estimates ranging from $2.59 to $2.64. For the next year, analysts forecast that the company will report earnings of $2.54 per share, with EPS estimates ranging from $2.41 to $2.64. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Pebblebrook Hotel Trust.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.24). Pebblebrook Hotel Trust had a positive return on equity of 0.16% and a negative net margin of 0.21%. The company had revenue of $423.55 million during the quarter, compared to the consensus estimate of $422.61 million. During the same quarter last year, the company posted $0.37 earnings per share. The firm’s revenue for the quarter was up 106.1% compared to the same quarter last year.

Several brokerages recently issued reports on PEB. BMO Capital Markets reiterated a “hold” rating and issued a $28.00 price target on shares of Pebblebrook Hotel Trust in a research note on Monday, October 28th. Wells Fargo & Co decreased their price target on shares of Pebblebrook Hotel Trust from $28.00 to $27.00 and set a “market perform” rating for the company in a research note on Friday, October 18th. Raymond James decreased their price target on shares of Pebblebrook Hotel Trust from $33.00 to $31.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. Bank of America lowered shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $33.00 to $29.00 in a research note on Wednesday, July 17th. Finally, Zacks Investment Research lowered shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $32.25.

NYSE PEB traded down $0.23 during trading on Tuesday, hitting $26.48. The company had a trading volume of 715,124 shares, compared to its average volume of 1,091,579. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.61. Pebblebrook Hotel Trust has a one year low of $25.45 and a one year high of $37.09. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 10.81, a price-to-earnings-growth ratio of 2.12 and a beta of 1.30. The company’s fifty day moving average is $26.84 and its 200-day moving average is $28.12.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.52 dividend on an annualized basis and a yield of 5.74%. Pebblebrook Hotel Trust’s dividend payout ratio is currently 62.04%.

Large investors have recently added to or reduced their stakes in the business. Bartlett & Co. LLC bought a new stake in Pebblebrook Hotel Trust during the 3rd quarter valued at about $26,000. Harvest Fund Management Co. Ltd increased its stake in Pebblebrook Hotel Trust by 266.7% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 1,100 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 800 shares in the last quarter. Dupont Capital Management Corp bought a new stake in Pebblebrook Hotel Trust during the 2nd quarter valued at about $37,000. Ladenburg Thalmann Financial Services Inc. increased its stake in Pebblebrook Hotel Trust by 35.5% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,220 shares of the real estate investment trust’s stock valued at $91,000 after purchasing an additional 844 shares in the last quarter. Finally, Arden Trust Co bought a new stake in Pebblebrook Hotel Trust during the 2nd quarter valued at about $210,000.

Pebblebrook Hotel Trust Company Profile

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 61 hotels, totaling approximately 14,600 guest rooms, located in 10 states and the District of Columbia, including: 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; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.

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

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