Analysts Anticipate Pebblebrook Hotel Trust (NYSE:PEB) to Announce $0.51 Earnings Per Share

Wall Street brokerages predict that Pebblebrook Hotel Trust (NYSE:PEB) will report earnings per share (EPS) of $0.51 for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Pebblebrook Hotel Trust’s earnings, with the lowest EPS estimate coming in at $0.50 and the highest estimate coming in at $0.52. Pebblebrook Hotel Trust reported earnings per share of $0.33 during the same quarter last year, which indicates a positive year over year growth rate of 54.5%. The business is expected to issue its next earnings results on Monday, February 24th.

According to Zacks, analysts expect that Pebblebrook Hotel Trust will report full year earnings of $2.60 per share for the current financial year, with EPS estimates ranging from $2.59 to $2.64. For the next financial year, analysts expect that the company will report earnings of $2.54 per share, with EPS estimates ranging from $2.41 to $2.64. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for 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 research analysts have commented on the stock. Wells Fargo & Co decreased their price objective on shares of Pebblebrook Hotel Trust from $28.00 to $27.00 and set a “market perform” rating for the company in a report on Friday, October 18th. Zacks Investment Research lowered shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. BTIG Research lowered shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating in a report on Thursday, August 15th. Bank of America lowered shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $33.00 to $29.00 in a report on Wednesday, July 17th. Finally, Raymond James decreased their price objective on shares of Pebblebrook Hotel Trust from $33.00 to $31.00 and set an “outperform” rating for the company in a report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.38 dividend. The ex-dividend date was Friday, September 27th. This represents a $1.52 annualized dividend and a dividend yield of 5.74%. Pebblebrook Hotel Trust’s payout ratio is 62.04%.

Several institutional investors have recently modified their holdings of PEB. Invesco Ltd. increased its stake in shares of Pebblebrook Hotel Trust by 24.5% in the 2nd quarter. Invesco Ltd. now owns 5,276,176 shares of the real estate investment trust’s stock worth $148,683,000 after acquiring an additional 1,039,928 shares in the last quarter. Nuveen Asset Management LLC increased its stake in shares of Pebblebrook Hotel Trust by 74.7% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,417,541 shares of the real estate investment trust’s stock worth $68,127,000 after acquiring an additional 1,033,714 shares in the last quarter. Balyasny Asset Management LLC increased its stake in shares of Pebblebrook Hotel Trust by 433.6% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,233,644 shares of the real estate investment trust’s stock worth $34,764,000 after acquiring an additional 1,002,453 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Pebblebrook Hotel Trust by 15.0% in the 3rd quarter. Daiwa Securities Group Inc. now owns 7,382,157 shares of the real estate investment trust’s stock worth $205,371,000 after acquiring an additional 960,626 shares in the last quarter. Finally, Cohen & Steers Inc. increased its stake in shares of Pebblebrook Hotel Trust by 6.0% in the 2nd quarter. Cohen & Steers Inc. now owns 13,251,868 shares of the real estate investment trust’s stock worth $373,438,000 after acquiring an additional 751,196 shares in the last quarter.

About Pebblebrook Hotel Trust

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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