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.
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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