$178.04 Million in Sales Expected for Pebblebrook Hotel Trust (PEB) This Quarter
Equities research analysts expect Pebblebrook Hotel Trust (NYSE:PEB) to report $178.04 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Pebblebrook Hotel Trust’s earnings. The lowest sales estimate is $170.45 million and the highest is $181.66 million. Pebblebrook Hotel Trust reported sales of $198.94 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 10.5%. The firm is expected to issue its next earnings results on Thursday, February 22nd.
According to Zacks, analysts expect that Pebblebrook Hotel Trust will report full-year sales of $178.04 million for the current fiscal year, with estimates ranging from $760.14 million to $771.35 million. For the next fiscal year, analysts anticipate that the company will post sales of $775.13 million per share, with estimates ranging from $764.50 million to $786.00 million. Zacks’ 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 announced its quarterly earnings data on Monday, October 23rd. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.49. The business had revenue of $201.80 million for the quarter, compared to analysts’ expectations of $198.11 million. Pebblebrook Hotel Trust had a return on equity of 6.63% and a net margin of 12.98%. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period last year, the firm earned ($0.61) earnings per share.
Shares of Pebblebrook Hotel Trust (PEB) traded down $0.09 during midday trading on Friday, hitting $37.60. The stock had a trading volume of 633,800 shares, compared to its average volume of 771,071. The firm has a market capitalization of $2,609.74, a PE ratio of 14.23, a P/E/G ratio of 1.59 and a beta of 1.22. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.31 and a current ratio of 0.31. Pebblebrook Hotel Trust has a twelve month low of $26.21 and a twelve month high of $38.96.
A number of large investors have recently bought and sold shares of PEB. Teachers Advisors LLC increased its holdings in Pebblebrook Hotel Trust by 3.2% in the first quarter. Teachers Advisors LLC now owns 124,858 shares of the real estate investment trust’s stock valued at $3,647,000 after buying an additional 3,912 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in Pebblebrook Hotel Trust by 8.6% in the second quarter. Nisa Investment Advisors LLC now owns 6,410 shares of the real estate investment trust’s stock valued at $200,000 after buying an additional 510 shares during the last quarter. Aperio Group LLC increased its holdings in Pebblebrook Hotel Trust by 12.7% in the second quarter. Aperio Group LLC now owns 11,406 shares of the real estate investment trust’s stock valued at $368,000 after buying an additional 1,283 shares during the last quarter. US Bancorp DE increased its holdings in Pebblebrook Hotel Trust by 3.3% in the second quarter. US Bancorp DE now owns 27,735 shares of the real estate investment trust’s stock valued at $894,000 after buying an additional 882 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Pebblebrook Hotel Trust by 313.0% in the second quarter. Russell Investments Group Ltd. now owns 422,291 shares of the real estate investment trust’s stock valued at $13,645,000 after buying an additional 320,034 shares during the last quarter.
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About Pebblebrook Hotel Trust
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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