Press coverage about Pebblebrook Hotel Trust (NYSE:PEB) has trended somewhat positive on Wednesday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pebblebrook Hotel Trust earned a news impact score of 0.13 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.8418248744042 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- $198.61 Million in Sales Expected for Pebblebrook Hotel Trust (PEB) This Quarter (americanbankingnews.com)
- $0.73 Earnings Per Share Expected for Pebblebrook Hotel Trust (NYSE:PEB) This Quarter (americanbankingnews.com)
- IHS Markit Score Update: Rise in demand for ETFs holding Pebblebrook Hotel Trust is a positive for its shares (finance.yahoo.com)
- Pebblebrook Hotel Trust (NYSE:PEB) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Pebblebrook Hotel Trust breached its 50 day moving average in a Bearish Manner : PEB-US : August 10, 2017 (finance.yahoo.com)
Several brokerages recently issued reports on PEB. Goldman Sachs Group, Inc. (The) lowered Pebblebrook Hotel Trust from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $27.00 to $26.00 in a research report on Wednesday, August 2nd. Zacks Investment Research raised Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. BidaskClub downgraded Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Boenning Scattergood reaffirmed a “hold” rating on shares of Pebblebrook Hotel Trust in a research report on Monday, July 31st. Finally, ValuEngine downgraded Pebblebrook Hotel Trust from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Pebblebrook Hotel Trust currently has an average rating of “Hold” and an average price target of $31.92.
Pebblebrook Hotel Trust (PEB) traded up 1.89% during midday trading on Wednesday, reaching $32.95. The company had a trading volume of 417,632 shares. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 119.82 and a beta of 1.24. Pebblebrook Hotel Trust has a 12-month low of $23.56 and a 12-month high of $34.38. The stock’s 50 day moving average is $32.75 and its 200 day moving average is $30.74.
Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.08. Pebblebrook Hotel Trust had a return on equity of 2.59% and a net margin of 5.09%. The business had revenue of $205.72 million for the quarter, compared to analysts’ expectations of $199.30 million. During the same quarter in the previous year, the firm earned $0.81 earnings per share. The business’s revenue was down 3.1% on a year-over-year basis. Equities research analysts expect that Pebblebrook Hotel Trust will post $1.07 earnings per share for the current year.
Pebblebrook Hotel Trust declared that its board has authorized a stock buyback program on Thursday, July 27th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to buy up to 4.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were given a $0.38 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $1.52 annualized dividend and a yield of 4.61%. Pebblebrook Hotel Trust’s dividend payout ratio is currently 506.68%.
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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