Pebblebrook Hotel Trust (NYSE:PEB) Releases Q4 2024 Earnings Guidance

Pebblebrook Hotel Trust (NYSE:PEB) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.080-0.110 for the period, compared to the consensus earnings per share estimate of 0.190. The company issued revenue guidance of -. Pebblebrook Hotel Trust also updated its FY 2024 guidance to 1.570-1.600 EPS.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. StockNews.com downgraded Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Wells Fargo & Company lowered their price objective on Pebblebrook Hotel Trust from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Friday, September 13th. Truist Financial reduced their target price on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating on the stock in a report on Monday, October 28th. Finally, Robert W. Baird lowered their price target on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $14.30.

Pebblebrook Hotel Trust Stock Down 2.3 %

Shares of NYSE PEB traded down $0.31 during trading on Friday, hitting $12.95. 2,351,895 shares of the company traded hands, compared to its average volume of 1,676,093. Pebblebrook Hotel Trust has a fifty-two week low of $11.39 and a fifty-two week high of $16.65. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of -44.66, a P/E/G ratio of 0.62 and a beta of 1.85. The business’s fifty day moving average is $12.88 and its 200 day moving average is $13.43. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.71 and a current ratio of 0.71.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend was Monday, September 30th. Pebblebrook Hotel Trust’s payout ratio is -13.79%.

Insider Activity at Pebblebrook Hotel Trust

In other news, CEO Jon E. Bortz acquired 22,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average price of $12.21 per share, for a total transaction of $268,620.00. Following the completion of the purchase, the chief executive officer now owns 1,341,284 shares in the company, valued at approximately $16,377,077.64. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.40% of the stock is owned by company insiders.

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.