Brokerages expect that Pebblebrook Hotel Trust (NYSE:PEB) will report $197.59 million in sales for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Pebblebrook Hotel Trust’s earnings, with the highest sales estimate coming in at $200.16 million and the lowest estimate coming in at $191.60 million. Pebblebrook Hotel Trust reported sales of $208.96 million in the same quarter last year, which indicates a negative year-over-year growth rate of 5.4%. The business is scheduled to announce its next earnings results after the market closes on Monday, October 23rd.

According to Zacks, analysts expect that Pebblebrook Hotel Trust will report full year sales of $197.59 million for the current fiscal year, with estimates ranging from $760.96 million to $775.90 million. For the next financial year, analysts expect that the firm will report sales of $775.88 million per share, with estimates ranging from $763.53 million to $786.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Pebblebrook Hotel Trust.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.08. The firm had revenue of $205.72 million for the quarter, compared to analysts’ expectations of $199.30 million. Pebblebrook Hotel Trust had a net margin of 5.09% and a return on equity of 2.59%. The business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the company posted $0.81 EPS.

A number of equities research analysts recently issued reports on the stock. Robert W. Baird downgraded shares of Pebblebrook Hotel Trust from an “outperform” rating to a “neutral” rating and set a $34.00 price target on the stock. in a research note on Monday, October 2nd. Janney Montgomery Scott raised shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and increased their target price for the company from $31.00 to $40.00 in a research note on Wednesday, September 27th. Zacks Investment Research raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “strong-buy” rating and set a $41.00 target price on the stock in a research note on Wednesday, September 27th. BTIG Research raised shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Friday, September 22nd. Finally, ValuEngine raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Pebblebrook Hotel Trust has a consensus rating of “Hold” and an average price target of $35.06.

Several hedge funds and other institutional investors have recently bought and sold shares of PEB. First Mercantile Trust Co. grew its holdings in shares of Pebblebrook Hotel Trust by 1.7% in the second quarter. First Mercantile Trust Co. now owns 3,680 shares of the real estate investment trust’s stock worth $119,000 after purchasing an additional 60 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Pebblebrook Hotel Trust by 16.1% in the first quarter. Envestnet Asset Management Inc. now owns 4,336 shares of the real estate investment trust’s stock worth $126,000 after purchasing an additional 600 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Pebblebrook Hotel Trust by 6.0% in the second quarter. SG Americas Securities LLC now owns 4,401 shares of the real estate investment trust’s stock worth $142,000 after purchasing an additional 249 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of Pebblebrook Hotel Trust in the first quarter worth about $180,000. Finally, GAM Holding AG grew its holdings in shares of Pebblebrook Hotel Trust by 2.3% in the second quarter. GAM Holding AG now owns 5,892 shares of the real estate investment trust’s stock worth $190,000 after purchasing an additional 134 shares during the last quarter.

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Shares of Pebblebrook Hotel Trust (NYSE PEB) opened at 36.72 on Wednesday. The stock’s 50 day moving average is $34.31 and its 200 day moving average is $32.25. The stock has a market cap of $2.53 billion, a PE ratio of 133.53 and a beta of 1.26. Pebblebrook Hotel Trust has a 52-week low of $23.56 and a 52-week high of $36.78.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 4.14%. The ex-dividend date is Thursday, September 28th. Pebblebrook Hotel Trust’s dividend payout ratio is currently 506.68%.

Pebblebrook Hotel Trust declared that its board has approved a share buyback program on Thursday, July 27th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to purchase up to 4.4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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.

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

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