Pebblebrook Hotel Trust (NYSE:PEB) Posts Earnings Results, Misses Estimates By $0.48 EPS

Pebblebrook Hotel Trust (NYSE:PEB) posted its quarterly earnings results on Tuesday. The real estate investment trust reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.48), RTT News reports. The company had revenue of $314.10 million during the quarter, compared to the consensus estimate of $304.34 million. Pebblebrook Hotel Trust had a negative return on equity of 2.88% and a negative net margin of 5.84%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.18 earnings per share.

Pebblebrook Hotel Trust Stock Down 3.8 %

NYSE:PEB opened at $15.00 on Friday. Pebblebrook Hotel Trust has a fifty-two week low of $11.39 and a fifty-two week high of $16.65. The stock has a market capitalization of $1.81 billion, a P/E ratio of -14.71, a P/E/G ratio of 0.71 and a beta of 1.86. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.97 and a current ratio of 0.46. The company’s 50-day simple moving average is $15.63 and its 200-day simple moving average is $14.67.

Pebblebrook Hotel Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend was Wednesday, March 27th. Pebblebrook Hotel Trust’s dividend payout ratio is currently -3.92%.

Insider Activity

In other news, insider Thomas Charles Fisher sold 11,441 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $15.62, for a total value of $178,708.42. Following the sale, the insider now directly owns 254,449 shares in the company, valued at approximately $3,974,493.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on PEB shares. Bank of America cut shares of Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.50 price target on the stock. in a report on Monday, January 8th. StockNews.com upgraded shares of Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a report on Wednesday. Truist Financial increased their target price on shares of Pebblebrook Hotel Trust from $15.00 to $16.00 and gave the stock a “hold” rating in a report on Thursday, January 18th. Finally, Compass Point reiterated a “neutral” rating and set a $17.00 target price on shares of Pebblebrook Hotel Trust in a report on Thursday, March 28th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $14.78.

Pebblebrook Hotel Trust Company Profile

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.