Wall Street brokerages forecast that Pebblebrook Hotel (NYSE:PEB) will announce $174.00 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Pebblebrook Hotel’s earnings, with the lowest sales estimate coming in at $168.78 million and the highest estimate coming in at $177.10 million. Pebblebrook Hotel posted sales of $182.18 million during the same quarter last year, which indicates a negative year-over-year growth rate of 4.5%. The company is scheduled to issue its next quarterly earnings report after the market closes on Thursday, April 26th.
On average, analysts expect that Pebblebrook Hotel will report full year sales of $768.78 million for the current year, with estimates ranging from $765.57 million to $778.54 million. For the next year, analysts forecast that the business will post sales of $793.99 million per share, with estimates ranging from $778.52 million to $808.16 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Pebblebrook Hotel.
Pebblebrook Hotel (NYSE:PEB) last released its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.32). Pebblebrook Hotel had a return on equity of 6.32% and a net margin of 12.46%. The business had revenue of $179.63 million during the quarter, compared to analysts’ expectations of $178.07 million.
Several equities research analysts have weighed in on the company. Boenning Scattergood reiterated a “hold” rating on shares of Pebblebrook Hotel in a report on Monday, February 26th. ValuEngine upgraded Pebblebrook Hotel from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 15th. Barclays reiterated a “buy” rating and issued a $39.00 price objective on shares of Pebblebrook Hotel in a report on Friday, December 15th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $38.00 price objective on shares of Pebblebrook Hotel in a report on Friday, January 12th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $36.61.
NYSE PEB traded up $0.34 on Friday, hitting $35.50. The company’s stock had a trading volume of 1,194,639 shares, compared to its average volume of 727,110. Pebblebrook Hotel has a 52-week low of $29.24 and a 52-week high of $39.74. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.32 and a current ratio of 0.32. The stock has a market cap of $2,321.58, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 2.64 and a beta of 1.22.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date is Wednesday, March 28th. Pebblebrook Hotel’s payout ratio is presently 59.14%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in PEB. Prudential Financial Inc. lifted its stake in shares of Pebblebrook Hotel by 16.3% in the 3rd quarter. Prudential Financial Inc. now owns 26,555 shares of the real estate investment trust’s stock valued at $960,000 after purchasing an additional 3,727 shares during the period. New York State Common Retirement Fund lifted its stake in shares of Pebblebrook Hotel by 16.9% in the 3rd quarter. New York State Common Retirement Fund now owns 86,185 shares of the real estate investment trust’s stock valued at $3,115,000 after purchasing an additional 12,485 shares during the period. SG Americas Securities LLC lifted its stake in shares of Pebblebrook Hotel by 287.4% in the 3rd quarter. SG Americas Securities LLC now owns 17,049 shares of the real estate investment trust’s stock valued at $616,000 after purchasing an additional 12,648 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Pebblebrook Hotel by 18.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 534,907 shares of the real estate investment trust’s stock valued at $19,336,000 after purchasing an additional 83,952 shares during the period. Finally, American International Group Inc. lifted its stake in shares of Pebblebrook Hotel by 8.1% in the 3rd quarter. American International Group Inc. now owns 46,187 shares of the real estate investment trust’s stock valued at $1,669,000 after purchasing an additional 3,454 shares during the period.
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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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