Analysts Expect Pebblebrook Hotel Trust (PEB) Will Announce Quarterly Sales of $357.10 Million

Equities research analysts expect Pebblebrook Hotel Trust (NYSE:PEB) to report sales of $357.10 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Pebblebrook Hotel Trust’s earnings. The highest sales estimate is $360.85 million and the lowest is $351.23 million. Pebblebrook Hotel Trust posted sales of $181.06 million in the same quarter last year, which suggests a positive year over year growth rate of 97.2%. The firm is expected to issue its next earnings report after the market closes on Thursday, April 25th.

According to Zacks, analysts expect that Pebblebrook Hotel Trust will report full-year sales of $1.58 billion for the current year, with estimates ranging from $1.51 billion to $1.61 billion. For the next financial year, analysts expect that the business will report sales of $1.58 billion, with estimates ranging from $1.49 billion to $1.62 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Pebblebrook Hotel Trust.

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

Several analysts have recently commented on PEB shares. Barclays reaffirmed a “buy” rating and set a $38.00 price target on shares of Pebblebrook Hotel Trust in a research report on Sunday, December 23rd. TheStreet lowered shares of Pebblebrook Hotel Trust from a “b-” rating to a “c” rating in a research report on Wednesday, February 27th. Zacks Investment Research raised shares of Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 21st. ValuEngine raised shares of Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Finally, Citigroup began coverage on shares of Pebblebrook Hotel Trust in a report on Thursday, March 28th. They issued a “neutral” rating and a $32.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. Pebblebrook Hotel Trust has a consensus rating of “Hold” and an average price target of $36.33.

Shares of PEB stock traded up $0.01 during trading on Tuesday, hitting $31.04. 965,191 shares of the stock traded hands, compared to its average volume of 1,235,305. The firm has a market cap of $4.05 billion, a PE ratio of 12.67, a PEG ratio of 2.35 and a beta of 1.34. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.46 and a current ratio of 0.46. Pebblebrook Hotel Trust has a 52-week low of $26.59 and a 52-week high of $41.65.

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 4.90%. The ex-dividend date of this dividend was Thursday, March 28th. This is an increase from Pebblebrook Hotel Trust’s previous quarterly dividend of $0.25. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is 62.04%.

A number of institutional investors have recently bought and sold shares of PEB. Nisa Investment Advisors LLC grew its stake in shares of Pebblebrook Hotel Trust by 11.5% in the first quarter. Nisa Investment Advisors LLC now owns 63,314 shares of the real estate investment trust’s stock worth $1,967,000 after acquiring an additional 6,545 shares in the last quarter. Retirement Systems of Alabama grew its stake in shares of Pebblebrook Hotel Trust by 2.3% in the first quarter. Retirement Systems of Alabama now owns 169,903 shares of the real estate investment trust’s stock worth $5,277,000 after acquiring an additional 3,865 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Pebblebrook Hotel Trust by 2.9% in the first quarter. Louisiana State Employees Retirement System now owns 35,000 shares of the real estate investment trust’s stock worth $1,087,000 after acquiring an additional 1,000 shares in the last quarter. Triangle Securities Wealth Management acquired a new position in shares of Pebblebrook Hotel Trust in the first quarter worth $1,929,000. Finally, Tibra Equities Europe Ltd acquired a new position in shares of Pebblebrook Hotel Trust in the first quarter worth $370,000.

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 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.

Featured Article: What is diluted earnings per share (Diluted EPS)?

Get a free copy of the Zacks research report on Pebblebrook Hotel Trust (PEB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.