Analysts expect that Pebblebrook Hotel Trust (NYSE:PEB) will post $379.08 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Pebblebrook Hotel Trust’s earnings, with the lowest sales estimate coming in at $370.00 million and the highest estimate coming in at $390.63 million. Pebblebrook Hotel Trust posted sales of $235.64 million in the same quarter last year, which suggests a positive year-over-year growth rate of 60.9%. The business is scheduled to issue its next earnings report on Monday, February 24th.
On average, analysts expect that Pebblebrook Hotel Trust will report full-year sales of $1.61 billion for the current financial year, with estimates ranging from $1.60 billion to $1.62 billion. For the next financial year, analysts forecast that the company will report sales of $1.58 billion, with estimates ranging from $1.55 billion to $1.62 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Pebblebrook Hotel Trust.
Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.24). The company had revenue of $423.55 million during the quarter, compared to analyst estimates of $422.61 million. Pebblebrook Hotel Trust had a positive return on equity of 0.16% and a negative net margin of 0.21%. The business’s revenue for the quarter was up 106.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.37 EPS.
Several research firms recently weighed in on PEB. Wells Fargo & Co reduced 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. BMO Capital Markets reaffirmed a “hold” rating and issued a $28.00 price objective on shares of Pebblebrook Hotel Trust in a report on Monday, October 28th. Bank of America downgraded shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $33.00 to $29.00 in a report on Wednesday, July 17th. BTIG Research downgraded shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating in a report on Thursday, August 15th. Finally, Stifel Nicolaus set a $31.00 price target on shares of Pebblebrook Hotel Trust and gave the company a “buy” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. Pebblebrook Hotel Trust presently has an average rating of “Hold” and an average target price of $32.25.
PEB stock traded down $0.23 during trading on Thursday, hitting $26.48. The company had a trading volume of 715,124 shares, compared to its average volume of 1,091,579. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of 10.81, a P/E/G ratio of 2.12 and a beta of 1.30. The business has a 50 day moving average of $26.84 and a 200 day moving average of $28.12. Pebblebrook Hotel Trust has a fifty-two week low of $25.45 and a fifty-two week high of $37.09. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.61.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 5.74%. The ex-dividend date was Friday, September 27th. Pebblebrook Hotel Trust’s payout ratio is 62.04%.
Hedge funds and other institutional investors have recently modified their holdings of the business. Bartlett & Co. LLC acquired a new stake in Pebblebrook Hotel Trust during the 3rd quarter worth about $26,000. Harvest Fund Management Co. Ltd raised its holdings 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 worth $31,000 after buying an additional 800 shares during the period. Dupont Capital Management Corp acquired a new stake in Pebblebrook Hotel Trust during the 2nd quarter worth about $37,000. Ladenburg Thalmann Financial Services Inc. raised its holdings 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 worth $91,000 after buying an additional 844 shares during the period. Finally, Arden Trust Co acquired a new stake in Pebblebrook Hotel Trust during the 2nd quarter worth 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.
Read More: Tariff
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Pebblebrook Hotel Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pebblebrook Hotel Trust and related companies with MarketBeat.com's FREE daily email newsletter.