Pebblebrook Hotel Trust (NYSE:PEB – Get Free Report) posted its quarterly earnings results on Tuesday. The real estate investment trust reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.48), RTT News reports. The company had revenue of $314.10 million during the quarter, compared to analyst estimates of $304.34 million. Pebblebrook Hotel Trust had a negative return on equity of 2.85% and a negative net margin of 5.84%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.18 earnings per share.
Pebblebrook Hotel Trust Stock Performance
Shares of Pebblebrook Hotel Trust stock opened at $15.59 on Thursday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.81. Pebblebrook Hotel Trust has a 52-week low of $11.39 and a 52-week high of $16.65. The company has a fifty day moving average of $15.65 and a 200-day moving average of $14.67.
Pebblebrook Hotel Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.26%. Pebblebrook Hotel Trust’s payout ratio is -3.92%.
Insiders Place Their Bets
Analysts Set New Price Targets
A number of brokerages recently issued reports on PEB. Truist Financial increased their price objective on Pebblebrook Hotel Trust from $15.00 to $16.00 and gave the stock a “hold” rating in a report on Thursday, January 18th. StockNews.com raised shares of Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a report on Wednesday. Compass Point reissued a “neutral” rating and set a $17.00 price objective on shares of Pebblebrook Hotel Trust in a research note on Thursday, March 28th. Finally, Bank of America cut Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.50 price target on the stock. in a report on Monday, January 8th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $14.78.
Get Our Latest Report on Pebblebrook Hotel Trust
About Pebblebrook Hotel Trust
Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels and resorts in the United States. The Company owns 47 hotels and resorts, totaling approximately 12,200 guest rooms across 13 urban and resort markets.
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