Pebblebrook Hotel Trust (NYSE:PEB – Get Free Report) declared a quarterly dividend on Monday, June 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.01 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Tuesday, June 30th.
Pebblebrook Hotel Trust has a dividend payout ratio of -9.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Pebblebrook Hotel Trust to earn $1.60 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 2.5%.
Pebblebrook Hotel Trust Stock Performance
Shares of Pebblebrook Hotel Trust stock opened at $19.03 on Friday. The company has a market cap of $2.16 billion, a PE ratio of -23.78, a price-to-earnings-growth ratio of 1.65 and a beta of 1.45. Pebblebrook Hotel Trust has a 52 week low of $9.30 and a 52 week high of $19.60. The business has a 50 day moving average price of $15.79 and a 200-day moving average price of $13.46. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.82.
Pebblebrook Hotel Trust Company Profile
Pebblebrook Hotel Trust (NYSE:PEB) is a real estate investment trust specializing in premium, high-barrier-to-entry hotel properties in gateway markets across the United States. Established in 2009, PEB focuses on lifestyle-oriented lodging assets that cater to business and leisure travelers seeking elevated experiences. The company’s investment strategy emphasizes select-service and full-service hotels with established brands and prime urban or resort locations.
PEB’s portfolio comprises more than 30 properties in major metropolitan areas including New York City, Los Angeles, Chicago, Miami and San Francisco.
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