Brokerages expect Pebblebrook Hotel Trust (NYSE:PEB) to report earnings per share of $0.66

Brokers expect Pebblebrook Hotel Trust (NYSE:PEB – Get a rating) will report earnings of $0.66 per share for the current quarter, according to Zacks. Four analysts have released earnings estimates for Pebblebrook Hotel Trust, with estimates ranging from $0.60 to $0.75. Pebblebrook Hotel Trust posted earnings per share of ($0.12) in the same quarter last year, suggesting a positive growth rate of 650% year over year. The company is expected to announce its next quarterly earnings report on Monday, January 1.

On average, analysts expect Pebblebrook Hotel Trust to report annual earnings of $1.75 per share for the current fiscal year, with EPS estimates ranging from $1.70 to $1.79. For next year, analysts expect the company to report earnings of $2.35 per share, with EPS estimates ranging from $2.16 to $2.50. Zacks EPS calculations are an average average based on a survey of analysts who provide coverage for Pebblebrook Hotel Trust.

Pebblebrook Hotel Trust (NYSE: PEB – Get a rating) last reported results on Tuesday, April 26. The real estate investment trust reported ($0.85) EPS for the quarter, missing the consensus estimate of ($0.10) from ($0.75). Pebblebrook Hotel Trust posted a negative return on equity of 5.16% and a negative net margin of 18.05%. In the same period a year earlier, the company posted ($0.42) earnings per share.

Several brokerages have commented PEB. StockNews.com purported coverage from Pebblebrook Hotel Trust in a Thursday, March 31, research note. They issued a “sell” rating for the company. Sumitomo Mitsui Financial Group assumed cover for Pebblebrook Hotel Trust in a research report Wednesday, March 23. They set an “outperform” rating and a price target of $27.00 for the company. One equity research analyst gave the stock a sell rating, four gave the stock a hold rating and four gave the stock a buy rating. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $26.00.

NYSE PEB shares opened at $23.17 on Monday. Pebblebrook Hotel Trust has a 52 week minimum of $19.35 and a 52 week maximum of $26.45. The company has a 50-day simple moving average of $23.33 and a two-hundred-day simple moving average of $22.80. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt ratio of 0.79. The company has a market capitalization of $3.04 billion, a P/E ratio of -13.87, a P/E/G ratio of 0.97 and a beta of 1.69.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 15. Investors of record on Thursday, March 31 received a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 30. This represents a dividend of $0.04 on an annualized basis and a dividend yield of 0.17%. Pebblebrook Hotel Trust’s dividend payout ratio is -2.40%.

Several hedge funds and other institutional investors have recently changed their positions in PEB. Morgan Stanley increased its equity stake in Pebblebrook Hotel Trust by 29.6% during the second quarter. Morgan Stanley now owns 422,972 shares of the real estate investment trust valued at $9,961,000 after buying an additional 96,690 shares last quarter. Geode Capital Management LLC increased its equity stake in Pebblebrook Hotel Trust by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,636,001 shares of the real estate investment trust worth $59,072,000 after purchasing an additional 19,047 shares last quarter. The Manufacturers Life Insurance Company increased its stake in Pebblebrook Hotel Trust by 0.5% in the third quarter. The Manufacturers Life Insurance Company now owns 215,358 shares of the real estate investment trust worth $4,826,000 after purchasing an additional 1,170 shares during the period. Renaissance Technologies LLC bought a new position in Pebblebrook Hotel Trust in Q3 for a value of approximately $287,000. Finally, Dimensional Fund Advisors LP increased its stake in Pebblebrook Hotel Trust by 1.1% in the third quarter. Dimensional Fund Advisors LP now owns 1,944,854 shares of the real estate investment trust worth $43,587,000 after purchasing an additional 21,353 shares during the period.

Company Profile Pebblebrook Hotel Trust (Get a rating)

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust (“REIT”) and the largest owner of city and resort hotels in the United States. The company owns 53 hotels, totaling approximately 13,200 rooms in 14 city and resort markets, with an emphasis on West Coast gateway cities.

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Earnings history and estimates for Pebblebrook Hotel Trust (NYSE:PEB)

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