Brokerages expect Pebblebrook Hotel Trust (NYSE:PEB) to report $0.32 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Pebblebrook Hotel Trust’s earnings. The highest EPS estimate is $0.34 and the lowest is $0.30. Pebblebrook Hotel Trust reported earnings of $0.49 per share during the same quarter last year, which would indicate a negative year over year growth rate of 34.7%. The company is expected to report its next quarterly earnings report after the market closes on Monday, February 25th.
On average, analysts expect that Pebblebrook Hotel Trust will report full year earnings of $2.44 per share for the current financial year, with EPS estimates ranging from $2.42 to $2.47. For the next year, analysts expect that the business will post earnings of $2.73 per share, with EPS estimates ranging from $2.58 to $2.80. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Pebblebrook Hotel Trust.
PEB has been the subject of several analyst reports. Raymond James reduced their price target on Pebblebrook Hotel Trust from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, December 21st. Stifel Nicolaus upgraded Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Monday, November 12th. ValuEngine downgraded Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Zacks Investment Research upgraded Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a report on Thursday, September 27th. Finally, Barclays restated a “buy” rating and set a $38.00 price target on shares of Pebblebrook Hotel Trust in a report on Sunday, December 23rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. Pebblebrook Hotel Trust presently has an average rating of “Hold” and a consensus price target of $36.88.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Thursday, November 29th will be issued a $0.2478 dividend. The ex-dividend date is Wednesday, November 28th. This represents a $0.99 annualized dividend and a yield of 3.23%. Pebblebrook Hotel Trust’s payout ratio is 20.62%.
In other Pebblebrook Hotel Trust news, Director Cydney Donnell acquired 1,400 shares of Pebblebrook Hotel Trust stock in a transaction that occurred on Friday, December 7th. The stock was bought at an average cost of $35.58 per share, for a total transaction of $49,812.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 2.20% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Teachers Advisors LLC increased its holdings in Pebblebrook Hotel Trust by 51.9% in the 3rd quarter. Teachers Advisors LLC now owns 920,503 shares of the real estate investment trust’s stock worth $33,479,000 after buying an additional 314,484 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Pebblebrook Hotel Trust by 1.3% during the 3rd quarter. American Century Companies Inc. now owns 211,642 shares of the real estate investment trust’s stock valued at $7,697,000 after purchasing an additional 2,766 shares during the period. Great West Life Assurance Co. Can grew its stake in shares of Pebblebrook Hotel Trust by 4.4% during the 3rd 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 purchasing an additional 1,974 shares during the period. Pensionfund DSM Netherlands bought a new stake in shares of Pebblebrook Hotel Trust during the 4th quarter valued at about $1,526,000. Finally, Deutsche Bank AG grew its stake in shares of Pebblebrook Hotel Trust by 1.1% during the 3rd quarter. Deutsche Bank AG now owns 694,297 shares of the real estate investment trust’s stock valued at $25,250,000 after purchasing an additional 7,328 shares during the period.
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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