Zacks: Analysts Expect Pebblebrook Hotel Trust (NYSE:PEB) Will Announce Earnings of $0.51 Per Share

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Wall Street brokerages expect Pebblebrook Hotel Trust (NYSE:PEB) to post earnings of $0.51 per share for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Pebblebrook Hotel Trust’s earnings, with the lowest EPS estimate coming in at $0.50 and the highest estimate coming in at $0.52. Pebblebrook Hotel Trust posted earnings per share of $0.33 during the same quarter last year, which would indicate a positive year-over-year growth rate of 54.5%. The company is expected to announce its next earnings report on Monday, February 24th.

According to Zacks, analysts expect that Pebblebrook Hotel Trust will report full year earnings of $2.60 per share for the current fiscal year, with EPS estimates ranging from $2.59 to $2.64. For the next financial year, analysts expect that the business will post earnings of $2.54 per share, with EPS estimates ranging from $2.41 to $2.64. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Pebblebrook Hotel Trust.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.17 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.24). Pebblebrook Hotel Trust had a negative net margin of 0.21% and a positive return on equity of 0.16%. The company had revenue of $423.55 million for the quarter, compared to analysts’ expectations of $422.61 million. During the same quarter in the prior year, the firm earned $0.37 earnings per share. The company’s revenue was up 106.1% on a year-over-year basis.

A number of equities research analysts recently issued reports on PEB shares. Wells Fargo & Co decreased their price objective on shares of Pebblebrook Hotel Trust from $28.00 to $27.00 and set a “market perform” rating for the company in a report on Friday, October 18th. Zacks Investment Research cut shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. BMO Capital Markets reiterated a “hold” rating and issued a $28.00 price objective on shares of Pebblebrook Hotel Trust in a report on Monday, October 28th. BTIG Research cut shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating in a report on Thursday, August 15th. Finally, Stifel Nicolaus set a $31.00 price objective on shares of Pebblebrook Hotel Trust and gave the stock a “buy” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. Pebblebrook Hotel Trust currently has an average rating of “Hold” and a consensus price target of $32.25.

Pebblebrook Hotel Trust stock opened at $26.71 on Tuesday. The stock has a market cap of $3.59 billion, a P/E ratio of 10.90, a P/E/G ratio of 2.12 and a beta of 1.30. Pebblebrook Hotel Trust has a 12 month low of $25.45 and a 12 month high of $37.09. The company’s fifty day simple moving average is $26.86 and its 200-day simple moving average is $28.14. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.61.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.38 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.52 annualized dividend and a yield of 5.69%. Pebblebrook Hotel Trust’s dividend payout ratio is currently 62.04%.

A number of hedge funds and other institutional investors have recently made changes to their positions in PEB. Bartlett & Co. LLC acquired a new position in Pebblebrook Hotel Trust in the third quarter valued at approximately $26,000. Harvest Fund Management Co. Ltd raised its holdings in Pebblebrook Hotel Trust by 266.7% in the second quarter. Harvest Fund Management Co. Ltd now owns 1,100 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 800 shares during the period. Dupont Capital Management Corp acquired a new stake in Pebblebrook Hotel Trust in the second quarter worth $37,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in Pebblebrook Hotel Trust by 35.5% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,220 shares of the real estate investment trust’s stock worth $91,000 after purchasing an additional 844 shares during the period. Finally, Arden Trust Co acquired a new stake in Pebblebrook Hotel Trust in the second quarter worth $210,000.

Pebblebrook Hotel Trust Company Profile

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

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