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.
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.
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