The Pebblebrook Hotel Trust (PEB) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS

The Pebblebrook Hotel Trust (PEB) Releases Quarterly  Earnings Results, Beats Expectations By $0.06 EPS

Pebblebrook Hotel Trust (NYSE:PEB) released its quarterly earnings data on Friday. The real estate investment trust reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.06. Pebblebrook Hotel Trust had a net margin of 9.65% and a return on equity of 4.67%. The business earned $208.90 million during the quarter, compared to analysts’ expectations of $215.05 million. During the same quarter in the prior year, the company earned $0.83 EPS. The firm’s quarterly revenue was down 3.4% on a year-over-year basis.

Pebblebrook Hotel Trust (NYSE:PEB) opened at 24.83 on Monday. The firm has a market capitalization of $1.79 billion, a P/E ratio of 37.06 and a beta of 1.35. Pebblebrook Hotel Trust has a 1-year low of $20.51 and a 1-year high of $35.67. The stock’s 50 day moving average is $26.59 and its 200-day moving average is $27.49.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 17th. Stockholders of record on Friday, September 30th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 6.12%. Pebblebrook Hotel Trust’s dividend payout ratio is 226.87%.

A number of institutional investors have recently made changes to their positions in the company. Acrospire Investment Management LLC increased its position in shares of Pebblebrook Hotel Trust by 47.5% in the second quarter. Acrospire Investment Management LLC now owns 4,035 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 1,300 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Pebblebrook Hotel Trust by 150.9% in the second quarter. Bessemer Group Inc. now owns 5,463 shares of the real estate investment trust’s stock worth $144,000 after buying an additional 3,286 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Pebblebrook Hotel Trust by 12.3% in the third quarter. Nisa Investment Advisors LLC now owns 6,400 shares of the real estate investment trust’s stock worth $170,000 after buying an additional 700 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Pebblebrook Hotel Trust by 101.3% in the third quarter. BNP Paribas Arbitrage SA now owns 6,685 shares of the real estate investment trust’s stock worth $178,000 after buying an additional 3,364 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of Pebblebrook Hotel Trust during the third quarter worth $185,000.

A number of analysts recently commented on PEB shares. Barclays PLC set a $32.00 price objective on shares of Pebblebrook Hotel Trust and gave the company a “buy” rating in a research report on Wednesday, July 27th. TheStreet upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating in a research report on Monday, July 11th. Zacks Investment Research upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Thursday, October 13th. Evercore ISI cut shares of Pebblebrook Hotel Trust from a “buy” rating to a “hold” rating and upped their price objective for the company from $27.00 to $30.00 in a research report on Wednesday, July 20th. Finally, Wells Fargo & Co. lowered shares of Pebblebrook Hotel Trust from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $30.67.

Pebblebrook Hotel Trust Company Profile

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