Pebblebrook Hotel Trust (PEB) Expected to Announce Quarterly Sales of $178.04 Million
Wall Street analysts forecast that Pebblebrook Hotel Trust (NYSE:PEB) will post $178.04 million in sales for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Pebblebrook Hotel Trust’s earnings, with estimates ranging from $170.45 million to $181.66 million. Pebblebrook Hotel Trust reported sales of $198.94 million during the same quarter last year, which would suggest a negative year over year growth rate of 10.5%. The firm is expected to issue its next earnings report after the market closes on Thursday, February 22nd.
On average, analysts expect that Pebblebrook Hotel Trust will report full year sales of $178.04 million for the current year, with estimates ranging from $760.14 million to $771.35 million. For the next fiscal year, analysts forecast that the business will report sales of $775.13 million per share, with estimates ranging from $764.50 million to $786.00 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Pebblebrook Hotel Trust.
Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings data on Monday, October 23rd. The real estate investment trust reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.49. Pebblebrook Hotel Trust had a net margin of 12.98% and a return on equity of 6.63%. The business had revenue of $201.80 million for the quarter, compared to analyst estimates of $198.11 million. During the same quarter last year, the business earned ($0.61) earnings per share. The business’s revenue for the quarter was down 3.4% on a year-over-year basis.
A number of research firms recently commented on PEB. Barclays reiterated a “buy” rating and set a $39.00 price objective on shares of Pebblebrook Hotel Trust in a research note on Friday, December 15th. Stifel Nicolaus restated a “hold” rating and issued a $36.50 price target on shares of Pebblebrook Hotel Trust in a research report on Sunday, December 3rd. Robert W. Baird set a $37.00 price target on shares of Pebblebrook Hotel Trust and gave the stock a “hold” rating in a research report on Friday, December 1st. Boenning Scattergood restated a “hold” rating on shares of Pebblebrook Hotel Trust in a research report on Wednesday, October 25th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $35.00 price target 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 issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $36.61.
Institutional investors have recently bought and sold shares of the stock. Chartwell Investment Partners LLC acquired a new position in Pebblebrook Hotel Trust in the 3rd quarter worth approximately $13,645,000. Susquehanna International Group LLP boosted its stake in Pebblebrook Hotel Trust by 138.6% in the 2nd quarter. Susquehanna International Group LLP now owns 215,464 shares of the real estate investment trust’s stock worth $6,946,000 after purchasing an additional 125,153 shares during the period. Ameriprise Financial Inc. boosted its stake in Pebblebrook Hotel Trust by 18.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 534,907 shares of the real estate investment trust’s stock worth $19,336,000 after purchasing an additional 83,952 shares during the period. Northern Trust Corp boosted its stake in Pebblebrook Hotel Trust by 1.1% in the 2nd quarter. Northern Trust Corp now owns 1,576,019 shares of the real estate investment trust’s stock worth $50,811,000 after purchasing an additional 17,759 shares during the period. Finally, State Street Corp boosted its stake in Pebblebrook Hotel Trust by 0.8% in the 2nd quarter. State Street Corp now owns 2,386,186 shares of the real estate investment trust’s stock worth $76,928,000 after purchasing an additional 19,242 shares during the period.
Pebblebrook Hotel Trust (NYSE:PEB) opened at $37.72 on Thursday. Pebblebrook Hotel Trust has a 12 month low of $26.21 and a 12 month high of $38.96. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.56. The company has a market cap of $2,610.00, a P/E ratio of 29.47, a P/E/G ratio of 1.50 and a beta of 1.23.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.52 annualized dividend and a yield of 4.03%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is 118.75%.
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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.
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