Zacks: Analysts Expect Pebblebrook Hotel Trust (PEB) Will Announce Earnings of $0.43 Per Share
Analysts expect Pebblebrook Hotel Trust (NYSE:PEB) to report earnings per share (EPS) of $0.43 for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Pebblebrook Hotel Trust’s earnings. The lowest EPS estimate is $0.41 and the highest is $0.47. Pebblebrook Hotel Trust posted earnings of $0.57 per share in the same quarter last year, which indicates a negative year over year growth rate of 24.6%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Thursday, February 22nd.
According to Zacks, analysts expect that Pebblebrook Hotel Trust will report full year earnings of $2.51 per share for the current fiscal year, with EPS estimates ranging from $2.49 to $2.56. For the next year, analysts expect that the business will post earnings of $2.62 per share, with EPS estimates ranging from $2.57 to $2.71. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Pebblebrook Hotel Trust.
Pebblebrook Hotel Trust (NYSE:PEB) last issued its earnings results on Monday, October 23rd. The real estate investment trust reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.49. The company had revenue of $201.80 million during the quarter, compared to analysts’ expectations of $198.11 million. Pebblebrook Hotel Trust had a return on equity of 6.63% and a net margin of 12.98%. Pebblebrook Hotel Trust’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.61) EPS.
PEB has been the subject of several analyst reports. BTIG Research upgraded Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $40.00 target price for the company in a report on Friday, September 22nd. Robert W. Baird set a $37.00 target price on Pebblebrook Hotel Trust and gave the company a “hold” rating in a report on Friday, December 1st. Barclays increased their target price on Pebblebrook Hotel Trust from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Wednesday, October 25th. Royal Bank of Canada restated a “buy” rating and set a $35.00 target price on shares of Pebblebrook Hotel Trust in a report on Wednesday, October 25th. Finally, Stifel Nicolaus restated a “hold” rating and set a $34.50 target price (up from $31.50) on shares of Pebblebrook Hotel Trust in a report on Tuesday, October 24th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $36.61.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PEB. Schwab Charles Investment Management Inc. lifted its holdings in Pebblebrook Hotel Trust by 6.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 736,660 shares of the real estate investment trust’s stock worth $23,750,000 after buying an additional 47,100 shares during the period. SG Americas Securities LLC lifted its holdings in Pebblebrook Hotel Trust by 6.0% in the 2nd quarter. SG Americas Securities LLC now owns 4,401 shares of the real estate investment trust’s stock worth $142,000 after buying an additional 249 shares during the period. Federated Investors Inc. PA lifted its holdings in Pebblebrook Hotel Trust by 0.9% in the 2nd quarter. Federated Investors Inc. PA now owns 10,114 shares of the real estate investment trust’s stock worth $326,000 after buying an additional 87 shares during the period. American Century Companies Inc. purchased a new stake in Pebblebrook Hotel Trust in the 2nd quarter worth approximately $222,000. Finally, Prudential Financial Inc. lifted its holdings in Pebblebrook Hotel Trust by 131.6% in the 2nd quarter. Prudential Financial Inc. now owns 22,828 shares of the real estate investment trust’s stock worth $736,000 after buying an additional 12,970 shares during the period.
Shares of Pebblebrook Hotel Trust (NYSE PEB) traded up $0.54 during mid-day trading on Tuesday, reaching $37.86. The company had a trading volume of 477,400 shares, compared to its average volume of 392,620. The stock has a market cap of $2,610.00, a PE ratio of 29.58, a PEG ratio of 1.50 and a beta of 1.23. Pebblebrook Hotel Trust has a 52 week low of $26.21 and a 52 week high of $38.96. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.31 and a quick ratio of 0.31.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 4.01%. The ex-dividend date is Thursday, December 28th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is currently 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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