Zacks: Brokerages Expect Pebblebrook Hotel Trust (PEB) Will Post Earnings of $0.43 Per Share

Wall Street analysts expect Pebblebrook Hotel Trust (NYSE:PEB) to report $0.43 earnings per share (EPS) for the current quarter, according to Zacks. Six analysts have issued estimates for Pebblebrook Hotel Trust’s earnings. The highest EPS estimate is $0.47 and the lowest is $0.41. Pebblebrook Hotel Trust reported earnings of $0.57 per share in the same quarter last year, which indicates a negative year over year growth rate of 24.6%. The business is scheduled to report its next quarterly earnings report after the market closes on Thursday, February 22nd.

On average, analysts expect that Pebblebrook Hotel Trust will report full-year earnings of $2.51 per share for the current financial year, with EPS estimates ranging from $2.50 to $2.56. For the next financial year, analysts expect that the business will post earnings of $2.61 per share, with EPS estimates ranging from $2.57 to $2.64. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Pebblebrook Hotel Trust.

Several research firms recently issued reports on PEB. Robert W. Baird reissued a “hold” rating and issued a $38.00 price target on shares of Pebblebrook Hotel Trust in a research report on Friday, January 12th. Barclays reaffirmed a “buy” rating and set a $39.00 price objective on shares of Pebblebrook Hotel Trust in a research note on Friday, December 15th. Stifel Nicolaus reaffirmed a “hold” rating and set a $36.50 price objective on shares of Pebblebrook Hotel Trust in a research note on Sunday, December 3rd. Boenning Scattergood reaffirmed a “hold” rating on shares of Pebblebrook Hotel Trust in a research note on Wednesday, October 25th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $35.00 price objective on shares of Pebblebrook Hotel Trust in a research note on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $36.72.

Institutional investors have recently modified their holdings of the business. BB&T Corp bought a new stake in Pebblebrook Hotel Trust during the third quarter worth about $203,000. Stephens Inc. AR bought a new stake in shares of Pebblebrook Hotel Trust during the third quarter valued at approximately $208,000. ARP Americas LLC bought a new stake in shares of Pebblebrook Hotel Trust during the third quarter valued at approximately $220,000. Commonwealth Equity Services Inc bought a new stake in shares of Pebblebrook Hotel Trust during the third quarter valued at approximately $232,000. Finally, Jane Street Group LLC bought a new stake in shares of Pebblebrook Hotel Trust during the third quarter valued at approximately $234,000.

Pebblebrook Hotel Trust (NYSE:PEB) traded down $0.67 during trading hours on Monday, reaching $35.81. 179,310 shares of the company traded hands, compared to its average volume of 631,577. Pebblebrook Hotel Trust has a 52-week low of $26.21 and a 52-week high of $39.74. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market capitalization of $2,515.28, a price-to-earnings ratio of 27.86, a PEG ratio of 1.47 and a beta of 1.20.

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

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