Zacks: Brokerages Expect Pebblebrook Hotel Trust (PEB) Will Post Quarterly Sales of $178.07 Million

Wall Street analysts expect that Pebblebrook Hotel Trust (NYSE:PEB) will post sales of $178.07 million for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Pebblebrook Hotel Trust’s earnings, with the highest sales estimate coming in at $181.66 million and the lowest estimate coming in at $170.62 million. Pebblebrook Hotel Trust posted sales of $198.94 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 10.5%. The company is expected to issue its next earnings report after the market closes on Thursday, February 22nd.

According to Zacks, analysts expect that Pebblebrook Hotel Trust will report full-year sales of $178.07 million for the current fiscal year, with estimates ranging from $760.31 million to $771.35 million. For the next year, analysts anticipate that the business will post sales of $775.18 million per share, with estimates ranging from $764.50 million to $786.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Pebblebrook Hotel Trust.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings results on Monday, October 23rd. The real estate investment trust reported $0.80 EPS for the quarter, topping the consensus estimate of $0.31 by $0.49. Pebblebrook Hotel Trust had a net margin of 12.98% and a return on equity of 6.63%. The firm had revenue of $201.80 million for the quarter, compared to analysts’ expectations of $198.11 million. During the same period in the previous year, the firm posted ($0.61) EPS. The company’s revenue for the quarter was down 3.4% on a year-over-year basis.

Several equities research analysts have commented on PEB shares. Barclays reissued a “buy” rating and set a $39.00 price target on shares of Pebblebrook Hotel Trust in a research report on Friday, December 15th. Royal Bank of Canada reissued a “buy” rating and set a $35.00 price target on shares of Pebblebrook Hotel Trust in a research report on Wednesday, October 25th. Robert W. Baird reissued a “hold” rating and set a $38.00 price target on shares of Pebblebrook Hotel Trust in a research report on Friday, January 12th. Stifel Nicolaus reissued a “hold” rating and set a $36.50 price target on shares of Pebblebrook Hotel Trust in a research report on Sunday, December 3rd. Finally, Zacks Investment Research cut shares of Pebblebrook Hotel Trust from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. Pebblebrook Hotel Trust presently has a consensus rating of “Hold” and an average price target of $36.72.

Hedge funds have recently modified their holdings of the company. Chartwell Investment Partners LLC bought a new stake in shares of Pebblebrook Hotel Trust in the 3rd quarter valued at about $13,645,000. Ameriprise Financial Inc. raised its holdings in shares of Pebblebrook Hotel Trust by 18.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 534,907 shares of the real estate investment trust’s stock valued at $19,336,000 after purchasing an additional 83,952 shares during the period. Susquehanna International Group LLP raised its holdings in shares of Pebblebrook Hotel Trust by 138.6% in the 2nd quarter. Susquehanna International Group LLP now owns 215,464 shares of the real estate investment trust’s stock valued at $6,946,000 after purchasing an additional 125,153 shares during the period. Northern Trust Corp grew its stake in Pebblebrook Hotel Trust by 1.1% in the 2nd quarter. Northern Trust Corp now owns 1,576,019 shares of the real estate investment trust’s stock valued at $50,811,000 after buying an additional 17,759 shares during the last quarter. Finally, State Street Corp grew its stake in Pebblebrook Hotel Trust by 0.8% in the 2nd quarter. State Street Corp now owns 2,386,186 shares of the real estate investment trust’s stock valued at $76,928,000 after buying an additional 19,242 shares during the last quarter.

Shares of Pebblebrook Hotel Trust (NYSE:PEB) opened at $39.05 on Friday. 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 52-week low of $26.21 and a 52-week high of $39.74. The company has a market cap of $2,695.24, a PE ratio of 30.27, a price-to-earnings-growth ratio of 1.57 and a beta of 1.23.

The company also recently announced a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were issued a $0.38 dividend. The ex-dividend date was Thursday, December 28th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.89%. Pebblebrook Hotel Trust’s payout ratio is 117.83%.

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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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