Pebblebrook Hotel Trust (NYSE:PEB) – Investment analysts at Boenning Scattergood lifted their FY2018 EPS estimates for shares of Pebblebrook Hotel Trust in a report issued on Tuesday. Boenning Scattergood analyst F. Van. Dijkum now anticipates that the real estate investment trust will post earnings of $2.61 per share for the year, up from their previous estimate of $2.59. Boenning Scattergood has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for Pebblebrook Hotel Trust’s Q1 2019 earnings at $0.54 EPS, Q2 2019 earnings at $0.76 EPS, Q3 2019 earnings at $0.89 EPS, Q4 2019 earnings at $0.56 EPS and FY2019 earnings at $2.75 EPS.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings data on Monday, October 23rd. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.49. The firm had revenue of $201.80 million for the quarter, compared to analysts’ expectations of $198.11 million. Pebblebrook Hotel Trust had a net margin of 12.98% and a return on equity of 6.63%. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.61) earnings per share.

PEB has been the topic of several other research reports. Robert W. Baird set a $35.00 price objective on shares of Pebblebrook Hotel Trust and gave the company a “hold” rating in a research report on Wednesday, October 25th. BTIG Research upgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Friday, September 22nd. Stifel Nicolaus reiterated a “hold” rating and set a $34.50 price objective (up previously from $31.50) on shares of Pebblebrook Hotel Trust in a research report on Tuesday, October 24th. Janney Montgomery Scott upgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $31.00 to $40.00 in a research report on Wednesday, September 27th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $35.00 price objective on shares of Pebblebrook Hotel Trust in a research report on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $36.61.

Pebblebrook Hotel Trust (PEB) traded up $0.20 during trading on Wednesday, hitting $37.72. 627,500 shares of the stock traded hands, compared to its average volume of 485,800. The company has a market capitalization of $2,610.00, a PE ratio of 29.47, a P/E/G ratio of 1.50 and a beta of 1.23. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.31 and a current ratio of 0.31. Pebblebrook Hotel Trust has a 52-week low of $26.21 and a 52-week high of $38.96.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date is Thursday, December 28th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently 118.75%.

Several hedge funds have recently bought and sold shares of the stock. Kemper Corp Master Retirement Trust grew its holdings in shares of Pebblebrook Hotel Trust by 0.4% in the second quarter. Kemper Corp Master Retirement Trust now owns 6,700 shares of the real estate investment trust’s stock valued at $216,000 after purchasing an additional 25 shares in the last quarter. Federated Investors Inc. PA grew its holdings in shares of Pebblebrook Hotel Trust by 0.9% in the second quarter. Federated Investors Inc. PA now owns 10,114 shares of the real estate investment trust’s stock valued at $326,000 after purchasing an additional 87 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Pebblebrook Hotel Trust by 6.0% in the second quarter. SG Americas Securities LLC now owns 4,401 shares of the real estate investment trust’s stock valued at $142,000 after purchasing an additional 249 shares in the last quarter. M&T Bank Corp grew its holdings in shares of Pebblebrook Hotel Trust by 12.5% in the second quarter. M&T Bank Corp now owns 8,848 shares of the real estate investment trust’s stock valued at $286,000 after purchasing an additional 986 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in shares of Pebblebrook Hotel Trust by 11.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 11,956 shares of the real estate investment trust’s stock valued at $385,000 after purchasing an additional 1,186 shares in the last quarter.

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About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust is an internally managed hotel investment company. The Company is a real estate investment trust (REIT) that acquires and invests in hotel properties located primarily in cities of the United States. As of December 31, 2016, the Company owned 29 hotels with a total of 7,219 guest rooms.

Earnings History and Estimates for Pebblebrook Hotel Trust (NYSE:PEB)

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