Pebblebrook Hotel Trust (NYSE:PEB) Expected to Post Quarterly Sales of $379.08 Million

Wall Street analysts expect Pebblebrook Hotel Trust (NYSE:PEB) to post sales of $379.08 million for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Pebblebrook Hotel Trust’s earnings. The highest sales estimate is $390.63 million and the lowest is $370.00 million. Pebblebrook Hotel Trust posted sales of $235.64 million during the same quarter last year, which would suggest a positive year over year growth rate of 60.9%. The firm is expected to announce its next earnings report on Monday, February 24th.

On average, analysts expect that Pebblebrook Hotel Trust will report full-year sales of $1.61 billion for the current fiscal year, with estimates ranging from $1.60 billion to $1.62 billion. For the next financial year, analysts expect that the company will post sales of $1.58 billion, with estimates ranging from $1.55 billion to $1.62 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Pebblebrook Hotel Trust.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.24). Pebblebrook Hotel Trust had a positive return on equity of 0.16% and a negative net margin of 0.21%. The company had revenue of $423.55 million during the quarter, compared to analyst estimates of $422.61 million. During the same period last year, the firm earned $0.37 earnings per share. The business’s revenue was up 106.1% compared to the same quarter last year.

A number of equities analysts have recently weighed in on the company. Raymond James cut their price target on Pebblebrook Hotel Trust from $33.00 to $31.00 and set an “outperform” rating for the company in a report on Monday, October 21st. Stifel Nicolaus set a $31.00 target price on Pebblebrook Hotel Trust and gave the company a “buy” rating in a research note on Friday, October 25th. BMO Capital Markets reiterated a “hold” rating and issued a $28.00 target price on shares of Pebblebrook Hotel Trust in a research note on Monday, October 28th. BTIG Research lowered Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating in a research note on Thursday, August 15th. Finally, Bank of America lowered Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and dropped their target price for the company from $33.00 to $29.00 in a research note on Wednesday, July 17th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. Pebblebrook Hotel Trust has a consensus rating of “Hold” and an average target price of $32.25.

Institutional investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC grew its position in Pebblebrook Hotel Trust by 8.7% during the second quarter. Nisa Investment Advisors LLC now owns 68,848 shares of the real estate investment trust’s stock valued at $1,940,000 after acquiring an additional 5,534 shares during the period. Oregon Public Employees Retirement Fund grew its position in Pebblebrook Hotel Trust by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 53,807 shares of the real estate investment trust’s stock valued at $1,516,000 after acquiring an additional 746 shares during the period. Commonwealth Equity Services LLC grew its position in Pebblebrook Hotel Trust by 23.2% during the second quarter. Commonwealth Equity Services LLC now owns 9,825 shares of the real estate investment trust’s stock valued at $276,000 after acquiring an additional 1,853 shares during the period. State of New Jersey Common Pension Fund D grew its position in Pebblebrook Hotel Trust by 17.0% during the second quarter. State of New Jersey Common Pension Fund D now owns 611,300 shares of the real estate investment trust’s stock valued at $17,227,000 after acquiring an additional 89,000 shares during the period. Finally, State of Alaska Department of Revenue grew its position in Pebblebrook Hotel Trust by 18.6% during the second quarter. State of Alaska Department of Revenue now owns 50,560 shares of the real estate investment trust’s stock valued at $1,423,000 after acquiring an additional 7,936 shares during the period.

Shares of NYSE PEB traded down $0.23 during trading on Thursday, reaching $26.48. The company had a trading volume of 715,124 shares, compared to its average volume of 1,091,579. Pebblebrook Hotel Trust has a twelve month low of $25.45 and a twelve month high of $37.09. The stock has a market capitalization of $3.59 billion, a PE ratio of 10.81, a price-to-earnings-growth ratio of 2.12 and a beta of 1.30. The stock has a 50-day moving average price of $26.84 and a two-hundred day moving average price of $28.12. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.61.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.38 dividend. The ex-dividend date was Friday, September 27th. This represents a $1.52 annualized dividend and a yield of 5.74%. Pebblebrook Hotel Trust’s payout ratio is currently 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 61 hotels, totaling approximately 14,600 guest rooms, located in 10 states and the District of Columbia, including: 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; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.

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

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