Analysts Anticipate Pebblebrook Hotel Trust (PEB) Will Post Quarterly Sales of $356.58 Million

Wall Street brokerages expect Pebblebrook Hotel Trust (NYSE:PEB) to post sales of $356.58 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Pebblebrook Hotel Trust’s earnings. The lowest sales estimate is $351.23 million and the highest is $360.85 million. Pebblebrook Hotel Trust reported sales of $181.06 million during the same quarter last year, which indicates a positive year-over-year growth rate of 96.9%. The firm is expected to report its next quarterly earnings results on Thursday, April 25th.

According to Zacks, analysts expect that Pebblebrook Hotel Trust will report full-year sales of $1.57 billion for the current year, with estimates ranging from $1.51 billion to $1.60 billion. For the next year, analysts anticipate that the company will post sales of $1.57 billion, with estimates ranging from $1.49 billion to $1.62 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Pebblebrook Hotel Trust.

Pebblebrook Hotel Trust (NYSE:PEB) last released its earnings results on Monday, February 25th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.23. Pebblebrook Hotel Trust had a return on equity of 0.64% and a net margin of 1.62%. The business had revenue of $235.64 million during the quarter, compared to the consensus estimate of $207.53 million. During the same period last year, the company earned $0.11 earnings per share. The business’s revenue for the quarter was up 31.2% compared to the same quarter last year.

Several analysts have recently weighed in on PEB shares. Zacks Investment Research upgraded Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, December 5th. Goldman Sachs Group reiterated a “sell” rating and set a $26.00 target price on shares of Pebblebrook Hotel Trust in a research report on Thursday, January 10th. ValuEngine downgraded Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Thursday, January 24th. Barclays reiterated a “buy” rating and set a $38.00 target price on shares of Pebblebrook Hotel Trust in a research report on Tuesday, February 19th. Finally, TheStreet downgraded Pebblebrook Hotel Trust from a “b-” rating to a “c” rating in a research report on Wednesday, February 27th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $36.33.

Shares of NYSE:PEB traded down $0.12 on Friday, hitting $31.06. 1,425,100 shares of the company’s stock were exchanged, compared to its average volume of 1,269,611. Pebblebrook Hotel Trust has a 12 month low of $26.59 and a 12 month high of $41.65. The company has a market cap of $4.05 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 2.34 and a beta of 1.35. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.73.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be issued a $0.38 dividend. This is an increase from Pebblebrook Hotel Trust’s previous quarterly dividend of $0.25. This represents a $1.52 annualized dividend and a dividend yield of 4.89%. The ex-dividend date is Thursday, March 28th. Pebblebrook Hotel Trust’s payout ratio is presently 21.63%.

Hedge funds have recently added to or reduced their stakes in the stock. Rehmann Capital Advisory Group bought a new stake in shares of Pebblebrook Hotel Trust in the fourth quarter valued at about $25,000. San Francisco Sentry Investment Group CA bought a new stake in shares of Pebblebrook Hotel Trust in the fourth quarter valued at about $36,000. Oregon Public Employees Retirement Fund bought a new stake in shares of Pebblebrook Hotel Trust in the fourth quarter valued at about $53,000. LSV Asset Management bought a new stake in shares of Pebblebrook Hotel Trust in the fourth quarter valued at about $57,000. Finally, Enlightenment Research LLC bought a new stake in shares of Pebblebrook Hotel Trust in the fourth quarter valued at about $59,000.

About Pebblebrook Hotel Trust

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 64 hotels, totaling approximately 15,400 guest rooms, located in 11 states and the District of Columbia, in the following markets: 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; Minneapolis, Minnesota; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.

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