Equities analysts expect Pebblebrook Hotel Trust (NYSE:PEB) to announce earnings of $0.82 per share for the current quarter, Zacks reports. Five analysts have provided estimates for Pebblebrook Hotel Trust’s earnings. The highest EPS estimate is $0.84 and the lowest is $0.81. Pebblebrook Hotel Trust posted earnings per share of $0.81 during the same quarter last year, which suggests a positive year over year growth rate of 1.2%. The company is expected to issue its next quarterly earnings report on Wednesday, July 24th.

On average, analysts expect that Pebblebrook Hotel Trust will report full-year earnings of $2.65 per share for the current financial year, with EPS estimates ranging from $2.64 to $2.67. For the next year, analysts forecast that the business will report earnings of $2.67 per share, with EPS estimates ranging from $2.64 to $2.73. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Pebblebrook Hotel Trust.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its earnings results on Thursday, April 25th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.06. Pebblebrook Hotel Trust had a negative net margin of 0.53% and a negative return on equity of 0.20%. The firm had revenue of $267.20 million for the quarter, compared to analyst estimates of $358.66 million. During the same quarter last year, the business earned $0.67 earnings per share. Pebblebrook Hotel Trust’s revenue was up 47.5% compared to the same quarter last year.

Several research firms recently issued reports on PEB. Zacks Investment Research downgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, March 26th. Citigroup started coverage on shares of Pebblebrook Hotel Trust in a report on Thursday, March 28th. They issued a “neutral” rating and a $32.00 price target for the company. SunTrust Banks assumed coverage on shares of Pebblebrook Hotel Trust in a research note on Monday, May 6th. They set a “hold” rating and a $43.00 target price for the company. ValuEngine downgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Thursday, January 24th. Finally, TheStreet downgraded shares of Pebblebrook Hotel Trust from a “b-” rating to a “c” rating in a report on Wednesday, February 27th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Pebblebrook Hotel Trust presently has a consensus rating of “Hold” and a consensus target price of $37.00.

A number of hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its position in Pebblebrook Hotel Trust by 9.8% during the third quarter. JPMorgan Chase & Co. now owns 641,709 shares of the real estate investment trust’s stock worth $23,340,000 after purchasing an additional 57,508 shares during the period. Teachers Advisors LLC boosted its holdings in Pebblebrook Hotel Trust by 51.9% in the third quarter. Teachers Advisors LLC now owns 920,503 shares of the real estate investment trust’s stock valued at $33,479,000 after acquiring an additional 314,484 shares during the last quarter. TIAA CREF Investment Management LLC boosted its holdings in Pebblebrook Hotel Trust by 10.4% in the third quarter. TIAA CREF Investment Management LLC now owns 169,015 shares of the real estate investment trust’s stock valued at $6,147,000 after acquiring an additional 15,981 shares during the last quarter. Standard Life Aberdeen plc boosted its holdings in Pebblebrook Hotel Trust by 6.4% in the third quarter. Standard Life Aberdeen plc now owns 130,365 shares of the real estate investment trust’s stock valued at $4,742,000 after acquiring an additional 7,857 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings in Pebblebrook Hotel Trust by 736.9% in the third quarter. Marshall Wace LLP now owns 85,228 shares of the real estate investment trust’s stock valued at $3,100,000 after acquiring an additional 75,044 shares during the last quarter.

NYSE:PEB traded down $0.72 during trading hours on Monday, reaching $31.08. 684,300 shares of the company were exchanged, compared to its average volume of 1,231,669. Pebblebrook Hotel Trust has a 52-week low of $26.59 and a 52-week high of $41.65. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.68. The company has a market cap of $4.11 billion, a P/E ratio of 12.69, a P/E/G ratio of 2.39 and a beta of 1.34.

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.89%. This is an increase from Pebblebrook Hotel Trust’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, March 28th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is currently 62.04%.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust is a publicly traded real estate investment trust (“REIT”) organized to opportunistically acquire and invest primarily in upper upscale, full-service hotels located in urban markets in major gateway cities. The Company owns 61 hotels, totaling approximately 14,600 guest rooms, located in 10 states and the District of Columbia, including: Del Mar, California; Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Santa Cruz, California; Washington, DC; Coral Gables, Florida; Key West, Florida; Naples, Florida; Buckhead, Georgia; Chicago, Illinois; Boston, Massachusetts; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.

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