Pebblebrook Hotel Trust (PEB) Expected to Announce Quarterly Sales of $357.10 Million

Equities research analysts expect Pebblebrook Hotel Trust (NYSE:PEB) to report sales of $357.10 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Pebblebrook Hotel Trust’s earnings. The lowest sales estimate is $351.23 million and the highest is $360.85 million. Pebblebrook Hotel Trust reported sales of $181.06 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 97.2%. The company is scheduled to announce its next quarterly earnings report after the market closes on Thursday, April 25th.

According to Zacks, analysts expect that Pebblebrook Hotel Trust will report full-year sales of $1.58 billion for the current year, with estimates ranging from $1.51 billion to $1.61 billion. For the next year, analysts expect that the business will report sales of $1.58 billion, with estimates ranging from $1.49 billion to $1.62 billion. Zacks’ sales averages are an average based on a survey of research firms that that provide coverage for Pebblebrook Hotel Trust.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings results on Monday, February 25th. The real estate investment trust reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.23. The business had revenue of $235.64 million during the quarter, compared to analyst estimates of $207.53 million. Pebblebrook Hotel Trust had a net margin of 1.62% and a return on equity of 0.64%. Pebblebrook Hotel Trust’s revenue for the quarter was up 31.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 earnings per share.

A number of analysts recently weighed in on PEB shares. Zacks Investment Research lowered shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Wednesday, December 19th. Goldman Sachs Group reissued a “sell” rating and issued a $26.00 price target on shares of Pebblebrook Hotel Trust in a report on Thursday, January 10th. ValuEngine lowered shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Thursday, January 24th. TheStreet lowered shares of Pebblebrook Hotel Trust from a “b-” rating to a “c” rating in a report on Wednesday, February 27th. Finally, Barclays reissued a “buy” rating and issued a $38.00 price target on shares of Pebblebrook Hotel Trust in a report on Tuesday, February 19th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $36.33.

Hedge funds have recently made changes to their positions in the business. Penn Capital Management Co. Inc. boosted its stake in Pebblebrook Hotel Trust by 8.8% in the fourth quarter. Penn Capital Management Co. Inc. now owns 245,503 shares of the real estate investment trust’s stock valued at $7,567,000 after acquiring an additional 19,769 shares during the last quarter. Texas Permanent School Fund bought a new position in Pebblebrook Hotel Trust in the fourth quarter valued at approximately $2,372,000. Great West Life Assurance Co. Can boosted its stake in Pebblebrook Hotel Trust by 4.4% in the third quarter. Great West Life Assurance Co. Can now owns 46,801 shares of the real estate investment trust’s stock valued at $1,702,000 after acquiring an additional 1,974 shares during the last quarter. Citigroup Inc. boosted its stake in Pebblebrook Hotel Trust by 137.4% in the fourth quarter. Citigroup Inc. now owns 165,404 shares of the real estate investment trust’s stock valued at $4,683,000 after acquiring an additional 95,727 shares during the last quarter. Finally, New York State Teachers Retirement System bought a new position in Pebblebrook Hotel Trust in the fourth quarter valued at approximately $3,562,000.

Shares of Pebblebrook Hotel Trust stock opened at $31.00 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.46 and a quick ratio of 0.46. The company has a market capitalization of $4.05 billion, a P/E ratio of 12.65, a P/E/G ratio of 2.35 and a beta of 1.34. Pebblebrook Hotel Trust has a fifty-two week low of $26.59 and a fifty-two week high of $41.65.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This is a boost from Pebblebrook Hotel Trust’s previous quarterly dividend of $0.25. This represents a $1.52 dividend on an annualized basis and a yield of 4.90%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently 62.04%.

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 64 hotels, totaling approximately 15,400 guest rooms, located in 11 states and the District of Columbia, in the following markets: 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; Minneapolis, Minnesota; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.

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