Pebblebrook Hotel Trust (NYSE:PEB) announced a quarterly dividend on Friday, March 15th, RTT News reports. Investors of record on Friday, March 29th will be paid a dividend of 0.38 per share by the real estate investment trust on Monday, April 15th. This represents a $1.52 dividend on an annualized basis and a yield of 4.74%. This is a positive change from Pebblebrook Hotel Trust’s previous quarterly dividend of $0.25.
Pebblebrook Hotel Trust has raised its dividend payment by an average of 9.4% per year over the last three years. Pebblebrook Hotel Trust has a dividend payout ratio of 20.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Pebblebrook Hotel Trust to earn $2.68 per share next year, which means the company should continue to be able to cover its $0.53 annual dividend with an expected future payout ratio of 19.8%.
Shares of PEB stock opened at $32.06 on Friday. Pebblebrook Hotel Trust has a 52 week low of $26.59 and a 52 week high of $41.65. The firm has a market capitalization of $4.21 billion, a P/E ratio of 11.85, a price-to-earnings-growth ratio of 2.43 and a beta of 1.35. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.73.
Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings data on Monday, February 25th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.23. The business had revenue of $235.64 million during the quarter, compared to the consensus estimate of $207.53 million. Pebblebrook Hotel Trust had a return on equity of 0.64% and a net margin of 1.62%. The firm’s quarterly revenue was up 31.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.11 earnings per share. Sell-side analysts anticipate that Pebblebrook Hotel Trust will post 2.64 EPS for the current fiscal year.
A number of research firms have issued reports on PEB. Zacks Investment Research upgraded Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a report on Wednesday, December 5th. Goldman Sachs Group reiterated a “sell” rating and issued a $26.00 price objective on shares of Pebblebrook Hotel Trust in a report on Thursday, January 10th. ValuEngine downgraded Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. TheStreet downgraded Pebblebrook Hotel Trust from a “b-” rating to a “c” rating in a report on Wednesday, February 27th. Finally, Raymond James decreased their price objective on Pebblebrook Hotel Trust from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, December 21st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. Pebblebrook Hotel Trust presently has an average rating of “Hold” and an average target price of $36.88.
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Pebblebrook Hotel Trust Company Profile
Pebblebrook Hotel Trust is a publicly traded real estate investment trust (REIT) organized to opportunistically acquire and invest primarily in upper upscale, full-service hotels located in urban markets in major gateway cities. The Company owns 64 hotels, totaling approximately 15,400 guest rooms, located in 11 states and the District of Columbia, in the following markets: Del Mar, California; Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Santa Cruz, California; Washington, DC; Coral Gables, Florida; Key West, Florida; Naples, Florida; Buckhead, Georgia; Chicago, Illinois; Boston, Massachusetts; Minneapolis, Minnesota; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.
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