Pebblebrook Hotel Trust (PEB) Scheduled to Post Quarterly Earnings on Wednesday

Pebblebrook Hotel Trust (NYSE:PEB) will be releasing its earnings data after the market closes on Wednesday, July 24th. Analysts expect Pebblebrook Hotel Trust to post earnings of $0.58 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.48). The company had revenue of $314.10 million during the quarter, compared to the consensus estimate of $304.34 million. Pebblebrook Hotel Trust had a negative net margin of 5.84% and a negative return on equity of 2.88%. Pebblebrook Hotel Trust’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.18 EPS. On average, analysts expect Pebblebrook Hotel Trust to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Pebblebrook Hotel Trust Stock Performance

PEB opened at $13.87 on Tuesday. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.78. The firm has a market cap of $1.67 billion, a PE ratio of -13.60, a P/E/G ratio of 0.67 and a beta of 1.84. The business has a fifty day simple moving average of $13.91 and a 200-day simple moving average of $14.93. Pebblebrook Hotel Trust has a fifty-two week low of $11.39 and a fifty-two week high of $16.65.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend was Friday, June 28th. Pebblebrook Hotel Trust’s dividend payout ratio is -3.92%.

Insider Transactions at Pebblebrook Hotel Trust

In other Pebblebrook Hotel Trust news, Director Phillip M. Miller sold 3,500 shares of Pebblebrook Hotel Trust stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $13.29, for a total transaction of $46,515.00. Following the completion of the sale, the director now owns 13,098 shares of the company’s stock, valued at approximately $174,072.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Pebblebrook Hotel Trust news, Director Phillip M. Miller sold 3,500 shares of the company’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $13.29, for a total value of $46,515.00. Following the transaction, the director now directly owns 13,098 shares of the company’s stock, valued at approximately $174,072.42. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jon E. Bortz purchased 17,000 shares of Pebblebrook Hotel Trust stock in a transaction dated Thursday, May 30th. The shares were purchased at an average price of $13.67 per share, with a total value of $232,390.00. Following the completion of the acquisition, the chief executive officer now owns 1,208,284 shares in the company, valued at $16,517,242.28. The disclosure for this purchase can be found here. 2.40% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on PEB shares. Compass Point restated a “neutral” rating and set a $17.00 price objective on shares of Pebblebrook Hotel Trust in a report on Thursday, March 28th. StockNews.com lowered shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Thursday, May 2nd. Finally, Truist Financial reduced their price target on shares of Pebblebrook Hotel Trust from $16.00 to $15.00 and set a “hold” rating for the company in a research report on Thursday, May 30th. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $14.42.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels and resorts in the United States. The Company owns 47 hotels and resorts, totaling approximately 12,200 guest rooms across 13 urban and resort markets.