$332.11 Million in Sales Expected for Pebblebrook Hotel Trust (NYSE:PEB) This Quarter

Wall Street analysts expect that Pebblebrook Hotel Trust (NYSE:PEBGet Rating) will report sales of $332.11 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Pebblebrook Hotel Trust’s earnings, with the highest sales estimate coming in at $372.02 million and the lowest estimate coming in at $305.31 million. Pebblebrook Hotel Trust reported sales of $163.31 million in the same quarter last year, which suggests a positive year over year growth rate of 103.4%. The business is scheduled to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Pebblebrook Hotel Trust will report full year sales of $1.26 billion for the current year, with estimates ranging from $1.17 billion to $1.32 billion. For the next financial year, analysts expect that the business will post sales of $1.49 billion, with estimates ranging from $1.45 billion to $1.58 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Pebblebrook Hotel Trust.

Pebblebrook Hotel Trust (NYSE:PEBGet Rating) last released its quarterly earnings results on Tuesday, April 26th. The real estate investment trust reported ($0.85) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.75). Pebblebrook Hotel Trust had a negative net margin of 18.05% and a negative return on equity of 5.16%. During the same quarter in the prior year, the firm earned ($0.42) earnings per share.

Several analysts recently issued reports on the stock. BMO Capital Markets upgraded shares of Pebblebrook Hotel Trust from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $25.00 to $26.00 in a research report on Friday, January 7th. UBS Group lowered shares of Pebblebrook Hotel Trust to a “neutral” rating in a research report on Monday, January 10th. Raymond James upgraded shares of Pebblebrook Hotel Trust from a “market perform” rating to an “outperform” rating and set a $27.00 target price on the stock in a research report on Monday, January 10th. Bank of America lowered shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and cut their target price for the company from $26.00 to $24.00 in a research report on Monday, January 10th. Finally, Sumitomo Mitsui Financial Group started coverage on shares of Pebblebrook Hotel Trust in a research report on Wednesday, March 23rd. They issued an “outperform” rating and a $27.00 target price on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Pebblebrook Hotel Trust has an average rating of “Hold” and a consensus target price of $26.00.

Shares of PEB opened at $24.42 on Wednesday. Pebblebrook Hotel Trust has a 12 month low of $19.35 and a 12 month high of $26.45. The firm’s 50 day moving average is $23.57 and its 200-day moving average is $23.01. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 0.79.

The company also recently announced a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Thursday, March 31st were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date was Wednesday, March 30th. Pebblebrook Hotel Trust’s dividend payout ratio is presently -2.40%.

A number of hedge funds and other institutional investors have recently made changes to their positions in PEB. Daiwa Securities Group Inc. increased its stake in Pebblebrook Hotel Trust by 1.3% in the third quarter. Daiwa Securities Group Inc. now owns 34,508 shares of the real estate investment trust’s stock valued at $773,000 after purchasing an additional 442 shares in the last quarter. Amalgamated Bank grew its holdings in shares of Pebblebrook Hotel Trust by 0.5% during the fourth quarter. Amalgamated Bank now owns 87,334 shares of the real estate investment trust’s stock valued at $1,954,000 after buying an additional 453 shares during the last quarter. Profund Advisors LLC grew its holdings in shares of Pebblebrook Hotel Trust by 5.3% during the fourth quarter. Profund Advisors LLC now owns 10,161 shares of the real estate investment trust’s stock valued at $227,000 after buying an additional 508 shares during the last quarter. MetLife Investment Management LLC grew its holdings in shares of Pebblebrook Hotel Trust by 0.5% during the fourth quarter. MetLife Investment Management LLC now owns 110,127 shares of the real estate investment trust’s stock valued at $2,464,000 after buying an additional 552 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in shares of Pebblebrook Hotel Trust by 1.8% during the first quarter. Louisiana State Employees Retirement System now owns 34,400 shares of the real estate investment trust’s stock valued at $852,000 after buying an additional 600 shares during the last quarter.

About Pebblebrook Hotel Trust (Get Rating)

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels in the United States. The Company owns 53 hotels, totaling approximately 13,200 guestrooms across 14 urban and resort markets, with a focus on the west coast gateway cities.

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Earnings History and Estimates for Pebblebrook Hotel Trust (NYSE:PEB)

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