Pebblebrook Hotel Trust (NYSE:PEB) Updates FY 2024 Earnings Guidance

Pebblebrook Hotel Trust (NYSE:PEB) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 1.570-1.600 for the period, compared to the consensus EPS estimate of 1.610. The company issued revenue guidance of -. Pebblebrook Hotel Trust also updated its Q4 guidance to $0.08 to $0.11 EPS.

Analyst Ratings Changes

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

Pebblebrook Hotel Trust Price Performance

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

Pebblebrook Hotel Trust Announces Dividend

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

Insider Buying and Selling at Pebblebrook Hotel Trust

In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz bought 22,000 shares of Pebblebrook Hotel Trust stock in a transaction dated Tuesday, August 13th. The shares were purchased at an average cost of $12.21 per share, with a total value of $268,620.00. Following the completion of the purchase, the chief executive officer now owns 1,341,284 shares of the company’s stock, valued at approximately $16,377,077.64. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.40% of the company’s stock.

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.