Analysts Expect Pebblebrook Hotel Trust (NYSE: PEB) to Report EPS of $ 0.07
Equity research analysts expect Pebblebrook Hotel Trust (NYSE: PEB) to report earnings per share (EPS) of $ 0.07 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Pebblebrook Hotel Trust’s revenue, with estimates ranging from ($ 0.05) to $ 0.16. Pebblebrook Hotel Trust reported earnings of ($ 0.51) per share for the same quarter last year, indicating a positive year-over-year growth rate of 113.7%. The company is expected to release its next earnings report on Thursday, November 4.
According to Zacks, analysts expect Pebblebrook Hotel Trust to report annual profit of ($ 0.46) per share for the current fiscal year, with EPS estimates ranging from $ 0.65 to (0.35 $). For next year, analysts predict the company will post earnings of $ 1.26 per share, with EPS estimates ranging from $ 1.17 to $ 1.40. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sales analysts who cover Pebblebrook Hotel Trust.
Pebblebrook Hotel Trust (NYSE: PEB) last released its quarterly results on Thursday, July 29. The REIT reported ($ 0.07) earnings per share for the quarter, beating analyst consensus estimates of ($ 0.11) by $ 0.04. Pebblebrook Hotel Trust had a negative net margin of 106.05% and a negative return on equity of 12.94%.
Separately, Robert W. Baird reaffirmed a “hold” rating and issued a price target of $ 26.00 on Pebblebrook Hotel Trust shares in a report released on Friday, September 10. One equity research analyst rated the stock with a sell rating, four assigned a conservation rating, and four issued a buy rating for the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $ 21.07.
PEB stock traded up $ 0.30 during trading hours on Friday, reaching $ 22.69. 28,294 shares of the stock were traded, compared to its average volume of 1,395,365. The stock has a 50-day simple moving average of $ 21.90 and a 200-day simple moving average of 23.07 $. The company has a market cap of $ 2.98 billion, a P / E ratio of -6.50 and a beta of 2.04. Pebblebrook Hotel Trust has a one-year minimum of $ 11.42 and a one-year maximum of $ 26.42. The company has a current ratio of 1.41, a quick ratio of 1.41, and a debt ratio of 0.70.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 15. Shareholders of record on Thursday, September 30 will receive a dividend of $ 0.01. This represents a dividend of $ 0.04 on an annualized basis and a return of 0.18%. The ex-dividend date is Wednesday, September 29. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is currently -2.74%.
Institutional investors recently bought and sold shares in the company. Cullen Frost Bankers Inc. purchased a new stake in Pebblebrook Hotel Trust during the second quarter valued at approximately $ 30,000. Eaton Vance Management acquired a new equity interest in Pebblebrook Hotel Trust in the first quarter valued at $ 33,000. Penserra Capital Management LLC purchased a new equity stake in Pebblebrook Hotel Trust during the 2nd quarter valued at $ 43,000. William Blair Investment Management LLC acquired a new position in Pebblebrook Hotel Trust in the 2nd quarter valued at $ 49,000. Finally, Psagot Investment House Ltd. purchased a new position in Pebblebrook Hotel Trust in the second quarter valued at $ 65,000.
About Pebblebrook Hotel Trust
Pebblebrook Hotel Trust is a real estate investment company, which engages in the investments and acquisition of hotel properties. Its hotels are located in markets such as: Atlanta, Georgia; Boston, Massachusetts; Chicago, Illinois; Key West, Florida; Miami, Los Angeles, Naples, Nashville, Tennessee; New York, Philadelphia, Pennsylvania; Portland, Oregon; San Diego, California; San Francisco, Seattle, Stevenson and Washington, DC The company was founded by Jon E.
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