Pebblebrook Hotel Trust (PEB) To Go Ex-Dividend on December 31st

Pebblebrook Hotel Trust (NYSE:PEB) announced a quarterly dividend on Monday, December 15th. Shareholders of record on Wednesday, December 31st will be given a dividend of 0.01 per share by the real estate investment trust on Thursday, January 15th. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date is Wednesday, December 31st.

Pebblebrook Hotel Trust has decreased its dividend payment by an average of 0.5%annually over the last three years. Pebblebrook Hotel Trust has a payout ratio of -9.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Pebblebrook Hotel Trust to earn $1.47 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 2.7%.

Pebblebrook Hotel Trust Price Performance

Shares of PEB opened at $11.48 on Monday. The business’s 50-day moving average is $11.07 and its two-hundred day moving average is $10.77. The company has a market capitalization of $1.30 billion, a P/E ratio of -9.64 and a beta of 1.53. Pebblebrook Hotel Trust has a fifty-two week low of $7.41 and a fifty-two week high of $14.21. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.13 and a current ratio of 1.13.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.01. The business had revenue of $398.72 million during the quarter, compared to analysts’ expectations of $396.80 million. Pebblebrook Hotel Trust had a negative return on equity of 4.02% and a negative net margin of 7.45%.The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 EPS. Pebblebrook Hotel Trust has set its FY 2025 guidance at 1.500-1.570 EPS and its Q4 2025 guidance at 0.180-0.260 EPS. Research analysts predict that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current year.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust (NYSE:PEB) is a real estate investment trust specializing in premium, high-barrier-to-entry hotel properties in gateway markets across the United States. Established in 2009, PEB focuses on lifestyle-oriented lodging assets that cater to business and leisure travelers seeking elevated experiences. The company’s investment strategy emphasizes select-service and full-service hotels with established brands and prime urban or resort locations.

PEB’s portfolio comprises more than 30 properties in major metropolitan areas including New York City, Los Angeles, Chicago, Miami and San Francisco.