Wall Street analysts expect that Pebblebrook Hotel Trust (NYSE:PEB) will announce $214.94 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Pebblebrook Hotel Trust’s earnings, with the lowest sales estimate coming in at $192.76 million and the highest estimate coming in at $236.73 million. Pebblebrook Hotel Trust posted sales of $179.63 million during the same quarter last year, which suggests a positive year-over-year growth rate of 19.7%. The company is scheduled to report its next quarterly earnings results after the market closes on Monday, February 25th.
According to Zacks, analysts expect that Pebblebrook Hotel Trust will report full-year sales of $807.98 million for the current financial year, with estimates ranging from $785.79 million to $829.77 million. For the next year, analysts forecast that the business will report sales of $1.63 billion, with estimates ranging from $1.57 billion to $1.69 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Pebblebrook Hotel Trust.
A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a report on Saturday, November 3rd. ValuEngine upgraded shares of Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a report on Thursday, January 10th. Barclays restated a “buy” rating and set a $38.00 price target on shares of Pebblebrook Hotel Trust in a report on Sunday, December 23rd. Raymond James lowered their price target on shares of Pebblebrook Hotel Trust from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, December 21st. Finally, Stifel Nicolaus upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Monday, November 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. Pebblebrook Hotel Trust presently has an average rating of “Hold” and an average price target of $36.88.
Shares of PEB stock traded up $0.49 on Wednesday, reaching $32.04. The company had a trading volume of 1,035,621 shares, compared to its average volume of 1,246,876. The stock has a market capitalization of $2.18 billion, a P/E ratio of 12.47, a price-to-earnings-growth ratio of 2.38 and a beta of 1.39. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.61. Pebblebrook Hotel Trust has a one year low of $26.59 and a one year high of $41.65.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Stockholders of record on Thursday, November 29th were paid a dividend of $0.2478 per share. This represents a $0.99 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date was Wednesday, November 28th. Pebblebrook Hotel Trust’s payout ratio is 20.62%.
In other Pebblebrook Hotel Trust news, Director Cydney Donnell bought 1,400 shares of the stock in a transaction dated Friday, December 7th. The shares were bought at an average cost of $35.58 per share, for a total transaction of $49,812.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.20% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. San Francisco Sentry Investment Group CA purchased a new position in shares of Pebblebrook Hotel Trust during the fourth quarter worth about $36,000. Oregon Public Employees Retirement Fund purchased a new stake in Pebblebrook Hotel Trust in the fourth quarter worth approximately $53,000. LSV Asset Management purchased a new stake in Pebblebrook Hotel Trust in the fourth quarter worth approximately $57,000. Enlightenment Research LLC purchased a new stake in Pebblebrook Hotel Trust in the fourth quarter worth approximately $59,000. Finally, PNC Financial Services Group Inc. boosted its stake in Pebblebrook Hotel Trust by 119.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,574 shares of the real estate investment trust’s stock worth $72,000 after buying an additional 1,399 shares in the last quarter.
Pebblebrook Hotel Trust Company Profile
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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