Pebblebrook Hotel (NYSE:PEB) updated its second quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.69-0.72 for the period, compared to the Thomson Reuters consensus estimate of $0.74. Pebblebrook Hotel also updated its FY18 guidance to $2.56-2.69 EPS.
A number of equities research analysts recently weighed in on the stock. ValuEngine lowered shares of Pebblebrook Hotel from a strong-buy rating to a buy rating in a report on Monday, April 2nd. Robert W. Baird reiterated a hold rating and set a $38.00 price objective on shares of Pebblebrook Hotel in a report on Friday, January 12th. Finally, Boenning Scattergood reiterated a hold rating on shares of Pebblebrook Hotel in a report on Monday, February 26th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $36.61.
Shares of PEB traded down $0.26 during mid-day trading on Thursday, reaching $34.79. The stock had a trading volume of 1,237,784 shares, compared to its average volume of 749,340. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.56. Pebblebrook Hotel has a 52-week low of $29.53 and a 52-week high of $39.74. The firm has a market capitalization of $2,431.97, a P/E ratio of 13.54, a P/E/G ratio of 2.71 and a beta of 1.22.
The business also recently declared a quarterly dividend, which was paid on Monday, April 16th. Shareholders of record on Thursday, March 29th were paid a $0.38 dividend. The ex-dividend date of this dividend was Wednesday, March 28th. This represents a $1.52 annualized dividend and a yield of 4.37%. Pebblebrook Hotel’s dividend payout ratio is currently 59.14%.
About Pebblebrook Hotel
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 28 hotels, with a total of 6,972 guest rooms. The Company owns hotels located in 9 states and the District of Columbia, including: Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Washington, DC; Coral Gables, Florida; Naples, Florida; Buckhead, Georgia; Boston, Massachusetts; Minneapolis, Minnesota; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.
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