Pebblebrook Hotel Trust (PEB) To Go Ex-Dividend on June 28th

Pebblebrook Hotel Trust (NYSE:PEB) announced a quarterly dividend on Friday, June 14th, Zacks reports. Investors of record on Friday, June 28th will be paid a dividend of 0.01 per share by the real estate investment trust on Monday, July 15th. This represents a $0.04 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend is Friday, June 28th.

Pebblebrook Hotel Trust has raised its dividend payment by an average of 58.7% annually over the last three years. Pebblebrook Hotel Trust has a payout ratio of -6.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Pebblebrook Hotel Trust to earn $1.55 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 2.6%.

Pebblebrook Hotel Trust Stock Down 1.7 %

Shares of Pebblebrook Hotel Trust stock opened at $13.89 on Friday. The company has a fifty day moving average price of $14.61 and a 200 day moving average price of $15.14. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.78. Pebblebrook Hotel Trust has a twelve month low of $11.39 and a twelve month high of $16.65. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of -13.62, a price-to-earnings-growth ratio of 0.67 and a beta of 1.82.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.48). The firm had revenue of $314.10 million during the quarter, compared to analysts’ expectations of $304.34 million. Pebblebrook Hotel Trust had a negative net margin of 5.84% and a negative return on equity of 2.88%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.18 earnings per share. Equities research analysts forecast that Pebblebrook Hotel Trust will post 1.47 earnings per share for the current fiscal year.

Insider Buying and Selling at Pebblebrook Hotel Trust

In other news, CEO Jon E. Bortz purchased 17,000 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were bought at an average price of $13.67 per share, for a total transaction of $232,390.00. Following the completion of the purchase, the chief executive officer now owns 1,208,284 shares of the company’s stock, valued at $16,517,242.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Truist Financial cut their target price on shares of Pebblebrook Hotel Trust from $16.00 to $15.00 and set a “hold” rating on the stock in a research note on Thursday, May 30th. Compass Point reiterated 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, StockNews.com lowered shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Thursday, May 2nd. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $14.56.

Pebblebrook Hotel Trust Company Profile

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.