Pebblebrook Hotel Trust Plans Quarterly Dividend of $0.01 (NYSE:PEB)

Pebblebrook Hotel Trust (NYSE:PEB) announced a quarterly dividend on Monday, December 15th. Shareholders of record on Wednesday, December 31st will be paid a dividend of 0.01 per share by the real estate investment trust on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Wednesday, December 31st.

Pebblebrook Hotel Trust has decreased its dividend payment by an average of 0.5%per year over the last three years. Pebblebrook Hotel Trust has a payout ratio of -9.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Pebblebrook Hotel Trust to earn $1.47 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 2.7%.

Pebblebrook Hotel Trust Stock Up 2.9%

NYSE PEB opened at $11.61 on Tuesday. The business’s fifty day simple moving average is $10.92 and its 200-day simple moving average is $10.64. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.86. The firm has a market cap of $1.32 billion, a PE ratio of -9.75 and a beta of 1.53. Pebblebrook Hotel Trust has a 52 week low of $7.41 and a 52 week high of $14.73.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. Pebblebrook Hotel Trust had a negative net margin of 7.45% and a negative return on equity of 4.02%. The firm had revenue of $398.72 million during the quarter, compared to analysts’ expectations of $396.80 million. Pebblebrook Hotel Trust’s revenue was down 1.4% compared to the same quarter last year. During the same period last year, the business earned $0.59 earnings per share. Pebblebrook Hotel Trust has set its FY 2025 guidance at 1.500-1.570 EPS and its Q4 2025 guidance at 0.180-0.260 EPS. As a group, equities analysts anticipate that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current year.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Institutional investors have recently bought and sold shares of the company. Nordea Investment Management AB lifted its stake in Pebblebrook Hotel Trust by 7.6% in the second quarter. Nordea Investment Management AB now owns 802,145 shares of the real estate investment trust’s stock worth $8,025,000 after acquiring an additional 56,815 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Pebblebrook Hotel Trust by 2.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,556,288 shares of the real estate investment trust’s stock valued at $25,895,000 after purchasing an additional 51,537 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Pebblebrook Hotel Trust by 438.2% during the 2nd quarter. GAMMA Investing LLC now owns 9,252 shares of the real estate investment trust’s stock worth $92,000 after purchasing an additional 7,533 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Pebblebrook Hotel Trust by 15.3% during the second quarter. Envestnet Asset Management Inc. now owns 692,901 shares of the real estate investment trust’s stock worth $6,922,000 after purchasing an additional 91,769 shares in the last quarter. Finally, Kettle Hill Capital Management LLC acquired a new position in shares of Pebblebrook Hotel Trust during the first quarter worth $2,960,000.

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.