Pebblebrook Hotel Trust (NYSE:PEB) – Analysts at Capital One Financial lifted their Q2 2020 earnings per share estimates for Pebblebrook Hotel Trust in a research report issued to clients and investors on Monday, June 29th. Capital One Financial analyst N. Malkin now expects that the real estate investment trust will earn ($0.49) per share for the quarter, up from their prior estimate of ($0.52). Capital One Financial also issued estimates for Pebblebrook Hotel Trust’s Q3 2020 earnings at ($0.15) EPS, Q4 2020 earnings at ($0.03) EPS, Q2 2021 earnings at $0.42 EPS, Q4 2021 earnings at $0.34 EPS and FY2021 earnings at $1.28 EPS.
Other research analysts have also issued reports about the stock. Barclays raised shares of Pebblebrook Hotel Trust from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $9.00 to $15.00 in a report on Monday, June 22nd. Wells Fargo & Co cut their price objective on shares of Pebblebrook Hotel Trust from $25.00 to $17.00 in a research report on Monday, March 9th. ValuEngine upgraded shares of Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Monday, June 1st. Citigroup downgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to a “sell” rating and cut their price objective for the company from $25.00 to $8.50 in a research report on Tuesday, April 7th. Finally, Stifel Nicolaus lifted their price objective on shares of Pebblebrook Hotel Trust from $11.00 to $13.00 and gave the company a “hold” rating in a research report on Monday, June 1st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $19.29.
Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.15. Pebblebrook Hotel Trust had a net margin of 10.02% and a return on equity of 4.40%. The company had revenue of $269.11 million during the quarter, compared to analyst estimates of $258.72 million. During the same period last year, the business earned $0.46 EPS. The firm’s revenue for the quarter was down 26.7% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Monday, June 29th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.29%. Pebblebrook Hotel Trust’s payout ratio is currently 1.52%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC purchased a new position in shares of Pebblebrook Hotel Trust in the first quarter worth approximately $34,000. Tower Research Capital LLC TRC increased its position in shares of Pebblebrook Hotel Trust by 566.5% in the first quarter. Tower Research Capital LLC TRC now owns 3,159 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 2,685 shares in the last quarter. Pacitti Group Inc. purchased a new position in shares of Pebblebrook Hotel Trust in the fourth quarter worth approximately $35,000. Parallel Advisors LLC increased its position in shares of Pebblebrook Hotel Trust by 10,118.8% in the first quarter. Parallel Advisors LLC now owns 3,270 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 3,238 shares in the last quarter. Finally, CSat Investment Advisory L.P. increased its position in shares of Pebblebrook Hotel Trust by 890.6% in the fourth quarter. CSat Investment Advisory L.P. now owns 3,279 shares of the real estate investment trust’s stock worth $88,000 after acquiring an additional 2,948 shares in the last quarter.
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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