$182.12 Million in Sales Expected for Pebblebrook Hotel Trust (PEB) This Quarter

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.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PEB. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Pebblebrook Hotel Trust by 2.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 68,758 shares of the real estate investment trust’s stock worth $2,668,000 after buying an additional 1,405 shares during the period. Sigma Planning Corp raised its stake in shares of Pebblebrook Hotel Trust by 10.5% in the second quarter. Sigma Planning Corp now owns 17,618 shares of the real estate investment trust’s stock worth $684,000 after buying an additional 1,672 shares during the period. United Services Automobile Association raised its stake in shares of Pebblebrook Hotel Trust by 14.0% in the second quarter. United Services Automobile Association now owns 15,381 shares of the real estate investment trust’s stock worth $597,000 after buying an additional 1,883 shares during the period. Motley Fool Wealth Management LLC boosted its holdings in shares of Pebblebrook Hotel Trust by 2.6% in the 2nd quarter. Motley Fool Wealth Management LLC now owns 74,492 shares of the real estate investment trust’s stock worth $2,890,000 after purchasing an additional 1,910 shares during the period. Finally, Great West Life Assurance Co. Can boosted its holdings in shares of Pebblebrook Hotel Trust by 4.4% in the 3rd quarter. Great West Life Assurance Co. Can now owns 46,801 shares of the real estate investment trust’s stock worth $1,702,000 after purchasing an additional 1,974 shares during the period.

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.

Further Reading: Why do company’s buyback their stock?

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Earnings History and Estimates for Pebblebrook Hotel Trust (NYSE:PEB)

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