Equities research analysts expect that Pebblebrook Hotel Trust (NYSE:PEB) will post $182.12 million in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Pebblebrook Hotel Trust’s earnings, with the lowest sales estimate coming in at $176.24 million and the highest estimate coming in at $190.15 million. Pebblebrook Hotel Trust reported sales of $179.63 million in the same quarter last year, which indicates a positive year-over-year growth rate of 1.4%. The business is scheduled to announce its next earnings report on Thursday, February 28th.
On average, analysts expect that Pebblebrook Hotel Trust will report full-year sales of $774.83 million for the current financial year, with estimates ranging from $769.27 million to $781.79 million. For the next financial year, analysts anticipate that the company will post sales of $804.59 million, with estimates ranging from $798.13 million to $814.30 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Pebblebrook Hotel Trust.
Several research analysts have recently commented on PEB shares. Zacks Investment Research lowered Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Thursday, November 22nd. Bank of America reaffirmed a “buy” rating and issued a $36.00 target price on shares of Pebblebrook Hotel Trust in a research note on Monday, October 29th. Robert W. Baird set a $38.00 price objective on Pebblebrook Hotel Trust and gave the company a “hold” rating in a research report on Wednesday, October 10th. Royal Bank of Canada reiterated a “buy” rating and issued a $40.00 price objective on shares of Pebblebrook Hotel Trust in a research report on Wednesday, August 15th. Finally, Stifel Nicolaus upgraded Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a report on Monday, November 12th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $38.67.
PEB stock traded down $0.26 during mid-day trading on Thursday, reaching $34.92. 18,613,614 shares of the company traded hands, compared to its average volume of 1,559,614. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $2.41 billion, a PE ratio of 13.59, a PEG ratio of 2.66 and a beta of 1.19. Pebblebrook Hotel Trust has a 52-week low of $31.05 and a 52-week high of $41.65.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Thursday, November 29th will be paid a $0.2478 dividend. The ex-dividend date is Wednesday, November 28th. This represents a $0.99 dividend on an annualized basis and a dividend yield of 2.84%. Pebblebrook Hotel Trust’s dividend payout ratio is currently 38.52%.
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 28 hotels, with a total of 6,973 guest rooms. The Company owns hotels located in 9 states and the District of Columbia, including: Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Washington, DC; Coral Gables, Florida; Naples, Florida; Buckhead, Georgia; Boston, Massachusetts; Minneapolis, Minnesota; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.
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