Pebblebrook Hotel Trust (NYSE:PEB) – Analysts at Capital One Financial lifted their Q2 2020 earnings estimates for shares of Pebblebrook Hotel Trust in a note issued to investors on Monday, June 29th. Capital One Financial analyst N. Malkin now anticipates that the real estate investment trust will post earnings per share of ($0.49) for the quarter, up from their previous forecast of ($0.52). Capital One Financial also issued estimates for Pebblebrook Hotel Trust’s Q3 2020 earnings at ($0.15) EPS, Q4 2020 earnings at ($0.03) EPS, Q2 2021 earnings at $0.42 EPS, Q4 2021 earnings at $0.34 EPS and FY2021 earnings at $1.28 EPS.
Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.15. Pebblebrook Hotel Trust had a return on equity of 4.40% and a net margin of 10.02%. The firm had revenue of $269.11 million for the quarter, compared to analysts’ expectations of $258.72 million. During the same period in the prior year, the business posted $0.46 earnings per share. The company’s revenue was down 26.7% on a year-over-year basis.
PEB has been the topic of several other reports. Stifel Nicolaus upped their price objective on shares of Pebblebrook Hotel Trust from $11.00 to $13.00 and gave the stock a “hold” rating in a research report on Monday, June 1st. Citigroup cut shares of Pebblebrook Hotel Trust from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $25.00 to $8.50 in a research report on Tuesday, April 7th. Wells Fargo & Co decreased their price objective on shares of Pebblebrook Hotel Trust from $25.00 to $17.00 in a research report on Monday, March 9th. Evercore ISI cut shares of Pebblebrook Hotel Trust from an “in-line” rating to an “underperform” rating and set a $18.00 price objective on the stock. in a research report on Monday, June 8th. Finally, SunTrust Banks cut their target price on Pebblebrook Hotel Trust from $10.00 to $9.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $19.29.
PEB stock opened at $13.66 on Wednesday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.75. The company’s 50 day moving average is $13.59 and its 200 day moving average is $17.64. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 15.01 and a beta of 1.69. Pebblebrook Hotel Trust has a 1-year low of $5.39 and a 1-year high of $29.57.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend is Monday, June 29th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently 1.52%.
Large investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new position in shares of Pebblebrook Hotel Trust during the first quarter valued at approximately $34,000. Tower Research Capital LLC TRC raised its holdings in shares of Pebblebrook Hotel Trust by 566.5% during the first quarter. Tower Research Capital LLC TRC now owns 3,159 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 2,685 shares in the last quarter. Pacitti Group Inc. bought a new position in shares of Pebblebrook Hotel Trust during the fourth quarter valued at approximately $35,000. Parallel Advisors LLC raised its holdings in shares of Pebblebrook Hotel Trust by 10,118.8% during the first quarter. Parallel Advisors LLC now owns 3,270 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 3,238 shares in the last quarter. Finally, CSat Investment Advisory L.P. raised its holdings in shares of Pebblebrook Hotel Trust by 890.6% during the fourth quarter. CSat Investment Advisory L.P. now owns 3,279 shares of the real estate investment trust’s stock valued at $88,000 after acquiring an additional 2,948 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 61 hotels, totaling approximately 14,600 guest rooms, located in 10 states and the District of Columbia, including: 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; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.
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