-$0.42 Earnings Per Share Expected for Pebblebrook Hotel Trust (NYSE:PEB) This Quarter

Equities research analysts predict that Pebblebrook Hotel Trust (NYSE:PEB) will announce ($0.42) earnings per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Pebblebrook Hotel Trust’s earnings, with the lowest EPS estimate coming in at ($0.50) and the highest estimate coming in at ($0.32). Pebblebrook Hotel Trust reported earnings per share of $0.77 in the same quarter last year, which would indicate a negative year over year growth rate of 154.5%. The company is expected to issue its next quarterly earnings results after the market closes on Thursday, October 29th.

On average, analysts expect that Pebblebrook Hotel Trust will report full year earnings of ($1.26) per share for the current year, with EPS estimates ranging from ($1.34) to ($1.18). For the next financial year, analysts forecast that the firm will report earnings of $0.17 per share, with EPS estimates ranging from ($0.04) to $0.68. Zacks’ EPS averages are a mean average based on a survey of research firms that follow Pebblebrook Hotel Trust.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings results on Thursday, July 30th. 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). Pebblebrook Hotel Trust had a negative return on equity of 0.84% and a negative net margin of 3.57%. The firm had revenue of $22.59 million for the quarter, compared to analysts’ expectations of $16.55 million.

Several research firms recently commented on PEB. Zacks Investment Research downgraded Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, July 21st. Stifel Nicolaus upped their target price on Pebblebrook Hotel Trust from $11.00 to $13.00 and gave the stock a “hold” rating in a report on Monday, June 1st. ValuEngine raised Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, August 11th. Barclays upgraded Pebblebrook Hotel Trust from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $9.00 to $15.00 in a research note on Monday, June 22nd. Finally, Evercore ISI downgraded Pebblebrook Hotel Trust from an “in-line” rating to an “underperform” rating and set a $18.00 price target for the company. in a report on Monday, June 8th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $18.18.

In other news, CEO Jon E. Bortz acquired 5,014 shares of the business’s stock in a transaction dated Monday, September 14th. The shares were purchased at an average price of $21.47 per share, with a total value of $107,650.58. Following the transaction, the chief executive officer now directly owns 21,000 shares in the company, valued at $450,870. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jon E. Bortz bought 12,919 shares of the company’s stock in a transaction on Friday, September 11th. The shares were bought at an average cost of $21.30 per share, for a total transaction of $275,174.70. Following the transaction, the chief executive officer now owns 7,493 shares in the company, valued at approximately $159,600.90. The disclosure for this purchase can be found here. 1.40% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC acquired a new position in Pebblebrook Hotel Trust during the first quarter worth $34,000. Tower Research Capital LLC TRC grew its holdings in shares of Pebblebrook Hotel Trust by 566.5% in the first quarter. Tower Research Capital LLC TRC now owns 3,159 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 2,685 shares during the period. Bamco Inc. NY purchased a new position in Pebblebrook Hotel Trust during the second quarter worth about $40,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in Pebblebrook Hotel Trust during the second quarter worth about $59,000. Finally, Advisor Group Holdings Inc. purchased a new position in shares of Pebblebrook Hotel Trust in the first quarter valued at approximately $93,000.

Shares of PEB traded up $0.51 during midday trading on Friday, reaching $12.16. 1,631,461 shares of the stock were exchanged, compared to its average volume of 2,696,301. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.70. The company has a market cap of $1.59 billion, a price-to-earnings ratio of -22.11 and a beta of 1.68. The firm has a 50 day simple moving average of $12.54 and a 200-day simple moving average of $12.03. Pebblebrook Hotel Trust has a 12-month low of $5.39 and a 12-month high of $28.25.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $0.04 annualized dividend and a yield of 0.33%. Pebblebrook Hotel Trust’s payout ratio is 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.

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

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