Pebblebrook Hotel Trust (NYSE:PEB) announced its quarterly earnings data on Monday. The real estate investment trust reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.49, Bloomberg Earnings reports. The firm had revenue of $201.80 million for the quarter, compared to the consensus estimate of $198.11 million. Pebblebrook Hotel Trust had a net margin of 5.09% and a return on equity of 2.59%. The company’s revenue was down 3.4% on a year-over-year basis. During the same period last year, the firm earned ($0.61) EPS. Pebblebrook Hotel Trust updated its FY17 guidance to $2.48-2.52 EPS.

Shares of Pebblebrook Hotel Trust (NYSE:PEB) traded up 3.37% during trading on Tuesday, hitting $36.18. 1,729,235 shares of the company’s stock were exchanged. The company has a 50-day moving average of $35.38 and a 200-day moving average of $32.82. The company has a market cap of $2.49 billion, a P/E ratio of 131.56 and a beta of 1.26. Pebblebrook Hotel Trust has a 12-month low of $23.56 and a 12-month high of $37.63.

The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.52 annualized dividend and a yield of 4.20%. Pebblebrook Hotel Trust’s payout ratio is 506.68%.

Pebblebrook Hotel Trust declared that its Board of Directors has approved a share repurchase program on Thursday, July 27th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the real estate investment trust to repurchase up to 4.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

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Several analysts have recently commented on PEB shares. BTIG Research upgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Friday, September 22nd. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a $35.00 target price (up from $32.00) on shares of Pebblebrook Hotel Trust in a research note on Wednesday, June 28th. Zacks Investment Research cut shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Friday, July 21st. Barclays PLC reaffirmed a “buy” rating and set a $35.00 target price on shares of Pebblebrook Hotel Trust in a research note on Wednesday, June 28th. Finally, BidaskClub cut shares of Pebblebrook Hotel Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $35.39.

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 for Pebblebrook Hotel Trust (NYSE:PEB)

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