Pebblebrook Hotel Trust (NYSE:PEB) Issues Q2 Earnings Guidance

Pebblebrook Hotel Trust (NYSE:PEB) updated its second quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.59-0.63 for the period, compared to the consensus EPS estimate of $0.56. Pebblebrook Hotel Trust also updated its FY 2024 guidance to 1.490-1.610 EPS.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Compass Point restated a neutral rating and set a $17.00 target price on shares of Pebblebrook Hotel Trust in a research report on Thursday, March 28th. Truist Financial lifted their target price on shares of Pebblebrook Hotel Trust from $15.00 to $16.00 and gave the stock a hold rating in a research report on Thursday, January 18th. StockNews.com upgraded shares of Pebblebrook Hotel Trust from a sell rating to a hold rating in a research report on Wednesday. Finally, Bank of America cut shares of Pebblebrook Hotel Trust from a neutral rating to an underperform rating and set a $13.50 target price for the company. in a research report on Monday, January 8th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $14.78.

Pebblebrook Hotel Trust Stock Down 3.8 %

PEB traded down $0.60 during trading on Thursday, hitting $15.00. The company had a trading volume of 3,488,428 shares, compared to its average volume of 1,583,958. The company has a market cap of $1.80 billion, a PE ratio of -14.71, a P/E/G ratio of 0.70 and a beta of 1.86. The business has a 50-day moving average of $15.63 and a 200-day moving average of $14.67. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.97 and a quick ratio of 0.97. Pebblebrook Hotel Trust has a 1-year low of $11.39 and a 1-year high of $16.65.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.48). The company had revenue of $314.10 million during the quarter, compared to analyst estimates of $304.34 million. Pebblebrook Hotel Trust had a negative net margin of 5.84% and a negative return on equity of 2.85%. The company’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.18 earnings per share. As a group, analysts forecast that Pebblebrook Hotel Trust will post 1.57 earnings per share for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.27%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is -3.92%.

Insiders Place Their Bets

In other Pebblebrook Hotel Trust news, insider Thomas Charles Fisher sold 11,441 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $15.62, for a total transaction of $178,708.42. Following the sale, the insider now directly owns 254,449 shares of the company’s stock, valued at $3,974,493.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.40% of the stock is owned by corporate insiders.

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.