Pebblebrook Hotel Trust (NYSE:PEB) announced a quarterly dividend on Friday, December 15th, RTT News reports. Investors of record on Friday, December 29th will be paid a dividend of 0.38 per share by the real estate investment trust on Friday, January 12th. This represents a $1.52 annualized dividend and a dividend yield of 3.97%.

Pebblebrook Hotel Trust has raised its dividend by an average of 34.2% per year over the last three years and has raised its dividend every year for the last 4 years. Pebblebrook Hotel Trust has a dividend payout ratio of 60.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Pebblebrook Hotel Trust to earn $2.62 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 58.0%.

Shares of Pebblebrook Hotel Trust (NYSE PEB) opened at $38.30 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.56. Pebblebrook Hotel Trust has a fifty-two week low of $26.21 and a fifty-two week high of $38.96. The company has a market capitalization of $2,611.81, a price-to-earnings ratio of 14.24, a P/E/G ratio of 1.59 and a beta of 1.22.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings data on Monday, October 23rd. The real estate investment trust reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.49. Pebblebrook Hotel Trust had a return on equity of 6.63% and a net margin of 12.98%. The company had revenue of $201.80 million during the quarter, compared to analyst estimates of $198.11 million. During the same quarter in the previous year, the company posted ($0.61) earnings per share. Pebblebrook Hotel Trust’s revenue was down 3.4% compared to the same quarter last year. analysts forecast that Pebblebrook Hotel Trust will post 2.51 EPS for the current fiscal year.

Several analysts recently commented on PEB shares. Stifel Nicolaus reaffirmed a “hold” rating and issued a $34.50 price objective (up previously from $31.50) on shares of Pebblebrook Hotel Trust in a report on Tuesday, October 24th. ValuEngine raised Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised Pebblebrook Hotel Trust from a “hold” rating to a “strong-buy” rating and set a $41.00 price target for the company in a report on Wednesday, September 27th. Barclays boosted their price target on Pebblebrook Hotel Trust from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Wednesday, October 25th. Finally, Robert W. Baird set a $37.00 price target on Pebblebrook Hotel Trust and gave the company a “hold” rating in a report on Friday, December 1st. Three analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. Pebblebrook Hotel Trust has a consensus rating of “Hold” and an average target price of $36.61.

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Pebblebrook Hotel Trust Company Profile

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.

Dividend History for Pebblebrook Hotel Trust (NYSE:PEB)

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