Brokerages Anticipate Pebblebrook Hotel Trust (NYSE:PEB) Will Announce Quarterly Sales of $434.48 Million

Brokerages expect Pebblebrook Hotel Trust (NYSE:PEB) to announce $434.48 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Pebblebrook Hotel Trust’s earnings. The lowest sales estimate is $412.46 million and the highest is $445.51 million. Pebblebrook Hotel Trust reported sales of $206.50 million in the same quarter last year, which indicates a positive year-over-year growth rate of 110.4%. The firm is scheduled to announce its next earnings results after the market closes on Thursday, July 25th.

According to Zacks, analysts expect that Pebblebrook Hotel Trust will report full-year sales of $1.60 billion for the current financial year, with estimates ranging from $1.53 billion to $1.62 billion. For the next fiscal year, analysts forecast that the business will post sales of $1.59 billion, with estimates ranging from $1.50 billion to $1.63 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Pebblebrook Hotel Trust.

Pebblebrook Hotel Trust (NYSE:PEB) last released its earnings results on Thursday, April 25th. The real estate investment trust reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.06. The firm had revenue of $267.20 million for the quarter, compared to the consensus estimate of $358.66 million. Pebblebrook Hotel Trust had a negative return on equity of 0.20% and a negative net margin of 0.53%. The company’s revenue for the quarter was up 47.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.

A number of equities analysts recently issued reports on PEB shares. Bank of America restated an “underperform” rating and set a $44.00 price objective (down previously from $46.00) on shares of Stericycle in a report on Wednesday. Zacks Investment Research cut H&E Equipment Services from a “hold” rating to a “sell” rating in a report on Wednesday. Capital One Financial started coverage on Summit Hotel Properties in a report on Tuesday, June 25th. They set an “equal weight” rating and a $13.00 price objective for the company. Citigroup cut OIL SEARCH LTD/ADR from a “neutral” rating to a “sell” rating in a report on Thursday, March 28th. Finally, BTIG Research dropped their price objective on Host Hotels and Resorts from $24.00 to $20.50 and set a “buy” rating for the company in a report on Thursday, June 27th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $35.33.

Hedge funds have recently modified their holdings of the business. Pearl River Capital LLC purchased a new stake in shares of Pebblebrook Hotel Trust in the 1st quarter worth $40,000. PNC Financial Services Group Inc. lifted its holdings in shares of Pebblebrook Hotel Trust by 119.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,574 shares of the real estate investment trust’s stock worth $72,000 after buying an additional 1,399 shares during the period. FCA Corp TX purchased a new stake in shares of Pebblebrook Hotel Trust in the 4th quarter worth $142,000. Advisor Group Inc. lifted its holdings in shares of Pebblebrook Hotel Trust by 45.3% in the 4th quarter. Advisor Group Inc. now owns 6,102 shares of the real estate investment trust’s stock worth $173,000 after buying an additional 1,903 shares during the period. Finally, Starr International Co. Inc. purchased a new stake in shares of Pebblebrook Hotel Trust in the 1st quarter worth $193,000.

Shares of NYSE PEB traded down $0.14 during trading hours on Tuesday, hitting $26.78. 1,166,206 shares of the company traded hands, compared to its average volume of 951,191. The company has a market capitalization of $3.50 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 2.02 and a beta of 1.34. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.68. The firm’s 50 day moving average is $28.02. Pebblebrook Hotel Trust has a 12 month low of $26.51 and a 12 month high of $39.88.

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 5.68%. The ex-dividend date was Thursday, June 27th. Pebblebrook Hotel Trust’s dividend payout ratio is 62.04%.

About Pebblebrook Hotel Trust

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.

Featured Story: Different Types of Derivatives

Get a free copy of the Zacks research report on Pebblebrook Hotel Trust (PEB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Pebblebrook Hotel Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pebblebrook Hotel Trust and related companies with MarketBeat.com's FREE daily email newsletter.