Pebblebrook Hotel Trust (NYSE:PEB) – Equities researchers at Boenning Scattergood dropped their Q2 2017 earnings per share estimates for Pebblebrook Hotel Trust in a research note issued on Friday. Boenning Scattergood analyst F. Van. Dijkum now forecasts that the real estate investment trust will post earnings per share of $0.67 for the quarter, down from their previous estimate of $0.68. Boenning Scattergood currently has a “Neutral” rating on the stock.

Several other research analysts have also weighed in on PEB. Goldman Sachs Group, Inc. (The) started coverage on Pebblebrook Hotel Trust in a research report on Monday, April 10th. They issued a “neutral” rating and a $27.00 target price on the stock. Zacks Investment Research raised Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Saturday, April 29th. ValuEngine raised Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. BidaskClub raised Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Finally, Stifel Nicolaus increased their target price on Pebblebrook Hotel Trust from $30.00 to $31.50 and gave the stock a “hold” rating in a research report on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $32.08.

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Shares of Pebblebrook Hotel Trust (PEB) opened at 32.24 on Monday. The stock has a 50 day moving average price of $32.70 and a 200-day moving average price of $30.35. Pebblebrook Hotel Trust has a 52 week low of $23.56 and a 52 week high of $34.38. The firm has a market capitalization of $2.24 billion, a PE ratio of 46.72 and a beta of 1.24.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings data on Thursday, April 27th. The real estate investment trust reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.05. Pebblebrook Hotel Trust had a return on equity of 4.38% and a net margin of 8.87%. The business had revenue of $182.18 million during the quarter, compared to analysts’ expectations of $184.69 million. During the same period in the previous year, the firm posted $0.56 earnings per share. The company’s revenue was down 7.2% on a year-over-year basis.

A number of hedge funds have recently made changes to their positions in the stock. Adams Diversified Equity Fund Inc. increased its stake in shares of Pebblebrook Hotel Trust by 2.9% in the first quarter. Adams Diversified Equity Fund Inc. now owns 35,300 shares of the real estate investment trust’s stock valued at $1,031,000 after buying an additional 1,000 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of Pebblebrook Hotel Trust by 106.0% in the first quarter. ProShare Advisors LLC now owns 62,862 shares of the real estate investment trust’s stock valued at $815,000 after buying an additional 32,351 shares in the last quarter. Sigma Planning Corp increased its stake in shares of Pebblebrook Hotel Trust by 104.5% in the first quarter. Sigma Planning Corp now owns 21,096 shares of the real estate investment trust’s stock valued at $616,000 after buying an additional 10,780 shares in the last quarter. Nationwide Fund Advisors increased its stake in shares of Pebblebrook Hotel Trust by 386.4% in the first quarter. Nationwide Fund Advisors now owns 247,378 shares of the real estate investment trust’s stock valued at $7,226,000 after buying an additional 196,516 shares in the last quarter. Finally, Reliance Trust Co. of Delaware acquired a new stake in shares of Pebblebrook Hotel Trust during the first quarter valued at $318,000.

The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were issued a $0.38 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.52 annualized dividend and a yield of 4.71%. Pebblebrook Hotel Trust’s dividend payout ratio is currently 220.29%.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust is an internally managed hotel investment company. The Company is a real estate investment trust (REIT) that acquires and invests in hotel properties located primarily in cities of the United States. As of December 31, 2016, the Company owned 29 hotels with a total of 7,219 guest rooms.

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

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