Q4 2022 EPS Estimates for Pebblebrook Hotel Trust Decreased by Analyst (NYSE:PEB)

Pebblebrook Hotel Trust (NYSE:PEBGet Rating) – Capital One Financial dropped their Q4 2022 EPS estimates for shares of Pebblebrook Hotel Trust in a report released on Monday, April 11th. Capital One Financial analyst N. Malkin now forecasts that the real estate investment trust will post earnings per share of $0.34 for the quarter, down from their previous forecast of $0.38. Capital One Financial also issued estimates for Pebblebrook Hotel Trust’s Q1 2023 earnings at $0.32 EPS, Q2 2023 earnings at $0.71 EPS, Q3 2023 earnings at $0.67 EPS, Q4 2023 earnings at $0.46 EPS and FY2023 earnings at $2.16 EPS.

Pebblebrook Hotel Trust (NYSE:PEBGet Rating) last issued its earnings results on Tuesday, February 22nd. The real estate investment trust reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.37) by $0.43. Pebblebrook Hotel Trust had a negative net margin of 25.22% and a negative return on equity of 5.86%. The firm had revenue of $247.28 million during the quarter, compared to analyst estimates of $241.86 million. During the same quarter in the prior year, the business earned ($0.50) earnings per share. Pebblebrook Hotel Trust’s revenue for the quarter was up 233.2% on a year-over-year basis.

Other research analysts also recently issued research reports about the stock. Raymond James raised shares of Pebblebrook Hotel Trust from a “market perform” rating to an “outperform” rating and set a $27.00 price target on the stock in a research note on Monday, January 10th. Sumitomo Mitsui Financial Group began coverage on shares of Pebblebrook Hotel Trust in a research note on Wednesday, March 23rd. They issued an “outperform” rating and a $27.00 price target on the stock. BMO Capital Markets raised shares of Pebblebrook Hotel Trust from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $25.00 to $26.00 in a research note on Friday, January 7th. Bank of America downgraded shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $26.00 to $24.00 in a research note on Monday, January 10th. Finally, UBS Group downgraded shares of Pebblebrook Hotel Trust to a “neutral” rating in a research report on Monday, January 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $26.00.

Shares of PEB opened at $24.26 on Wednesday. Pebblebrook Hotel Trust has a twelve month low of $19.35 and a twelve month high of $26.45. The company has a market cap of $3.19 billion, a P/E ratio of -13.48, a P/E/G ratio of 1.33 and a beta of 1.82. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.77. The company’s fifty day simple moving average is $23.27 and its 200-day simple moving average is $22.85.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 15th. Shareholders of record on Thursday, March 31st will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.16%. The ex-dividend date of this dividend is Wednesday, March 30th. Pebblebrook Hotel Trust’s payout ratio is -2.22%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Whittier Trust Co. purchased a new position in shares of Pebblebrook Hotel Trust during the 3rd quarter valued at approximately $25,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Pebblebrook Hotel Trust during the 4th quarter valued at about $27,000. Confluence Wealth Services Inc. acquired a new position in Pebblebrook Hotel Trust in the fourth quarter valued at about $27,000. Rockefeller Capital Management L.P. lifted its position in Pebblebrook Hotel Trust by 845.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,239 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 1,108 shares during the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in Pebblebrook Hotel Trust during the fourth quarter worth about $48,000.

About Pebblebrook Hotel Trust (Get Rating)

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels in the United States. The Company owns 53 hotels, totaling approximately 13,200 guestrooms across 14 urban and resort markets, with a focus on the west coast gateway cities.

Further Reading

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

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