Pebblebrook Hotel Trust (NYSE:PEB) issued its earnings results on Thursday. The real estate investment trust reported ($1.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.90) by ($0.16), MarketWatch Earnings reports. Pebblebrook Hotel Trust had a negative net margin of 3.57% and a negative return on equity of 0.83%. The firm had revenue of $22.59 million during the quarter, compared to analyst estimates of $16.55 million.
Shares of Pebblebrook Hotel Trust stock traded up $0.09 on Friday, hitting $10.60. 3,103,378 shares of the company traded hands, compared to its average volume of 2,321,488. The company has a 50-day moving average price of $12.44 and a 200 day moving average price of $15.29. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.75. Pebblebrook Hotel Trust has a 12-month low of $5.39 and a 12-month high of $29.57. The company has a market cap of $1.39 billion, a PE ratio of -19.27 and a beta of 1.70.
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend was Monday, June 29th. Pebblebrook Hotel Trust’s dividend payout ratio is currently 1.52%.
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.
Featured Article: Understanding debt-to-equity ratio in fundamental analysis
Receive News & Ratings for Pebblebrook Hotel Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pebblebrook Hotel Trust and related companies with MarketBeat.com's FREE daily email newsletter.