Pebblebrook Hotel Trust (NYSE:PEB – Get Free Report) announced a quarterly dividend on Monday, March 16th. Shareholders of record on Tuesday, March 31st will be given a dividend of 0.01 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, March 31st.
Pebblebrook Hotel Trust has a dividend payout ratio of -9.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Pebblebrook Hotel Trust to earn $1.47 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 2.7%.
Pebblebrook Hotel Trust Stock Performance
Shares of PEB opened at $12.07 on Wednesday. Pebblebrook Hotel Trust has a one year low of $7.41 and a one year high of $13.35. The company has a 50-day moving average of $12.28 and a two-hundred day moving average of $11.57. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of -13.26 and a beta of 1.48. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.09 and a quick ratio of 1.09.
About Pebblebrook Hotel Trust
Pebblebrook Hotel Trust (NYSE:PEB) is a real estate investment trust specializing in premium, high-barrier-to-entry hotel properties in gateway markets across the United States. Established in 2009, PEB focuses on lifestyle-oriented lodging assets that cater to business and leisure travelers seeking elevated experiences. The company’s investment strategy emphasizes select-service and full-service hotels with established brands and prime urban or resort locations.
PEB’s portfolio comprises more than 30 properties in major metropolitan areas including New York City, Los Angeles, Chicago, Miami and San Francisco.
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