Wall Street brokerages expect Pebblebrook Hotel Trust (NYSE:PEB) to post earnings of $0.40 per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Pebblebrook Hotel Trust’s earnings. The highest EPS estimate is $0.41 and the lowest is $0.38. Pebblebrook Hotel Trust reported earnings per share of $0.67 during the same quarter last year, which would indicate a negative year over year growth rate of 40.3%. The firm is scheduled to report its next earnings report after the market closes on Thursday, April 25th.

On average, analysts expect that Pebblebrook Hotel Trust will report full-year earnings of $2.64 per share for the current fiscal year, with EPS estimates ranging from $2.62 to $2.67. For the next financial year, analysts forecast that the business will report earnings of $2.64 per share, with EPS estimates ranging from $2.50 to $2.71. Zacks’ EPS calculations are an average based on a survey of analysts that cover Pebblebrook Hotel Trust.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings results on Monday, February 25th. The real estate investment trust reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.23. The company had revenue of $235.64 million during the quarter, compared to analyst estimates of $207.53 million. Pebblebrook Hotel Trust had a return on equity of 0.64% and a net margin of 1.62%. The firm’s revenue was up 31.2% on a year-over-year basis. During the same quarter last year, the business posted $0.11 earnings per share.

Several research firms recently commented on PEB. Zacks Investment Research lowered Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, March 26th. ValuEngine upgraded Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Thursday, January 10th. Citigroup began coverage on Pebblebrook Hotel Trust in a research report on Thursday, March 28th. They issued a “neutral” rating and a $32.00 price target for the company. Barclays reiterated a “buy” rating and issued a $38.00 price target on shares of Pebblebrook Hotel Trust in a research report on Sunday, December 23rd. Finally, TheStreet lowered Pebblebrook Hotel Trust from a “b-” rating to a “c” rating in a research report on Wednesday, February 27th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. Pebblebrook Hotel Trust has a consensus rating of “Hold” and an average target price of $36.33.

Large investors have recently made changes to their positions in the business. Rehmann Capital Advisory Group purchased a new position in shares of Pebblebrook Hotel Trust during the fourth quarter valued at approximately $25,000. San Francisco Sentry Investment Group CA purchased a new position in shares of Pebblebrook Hotel Trust during the fourth quarter valued at approximately $36,000. LSV Asset Management purchased a new position in shares of Pebblebrook Hotel Trust during the fourth quarter valued at approximately $57,000. Enlightenment Research LLC purchased a new position in shares of Pebblebrook Hotel Trust during the fourth quarter valued at approximately $59,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Pebblebrook Hotel Trust by 119.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,574 shares of the real estate investment trust’s stock valued at $72,000 after buying an additional 1,399 shares during the period.

PEB traded up $0.01 on Friday, hitting $31.04. The company had a trading volume of 965,191 shares, compared to its average volume of 1,136,613. The firm has a market cap of $4.05 billion, a P/E ratio of 12.67, a P/E/G ratio of 2.35 and a beta of 1.34. Pebblebrook Hotel Trust has a 12-month low of $26.59 and a 12-month high of $41.65. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.73.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 4.90%. The ex-dividend date was Thursday, March 28th. This is a positive change from Pebblebrook Hotel Trust’s previous quarterly dividend of $0.25. Pebblebrook Hotel Trust’s payout ratio is 62.04%.

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 64 hotels, totaling approximately 15,400 guest rooms, located in 11 states and the District of Columbia, in the following markets: 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; Minneapolis, Minnesota; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.

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