Pebblebrook Hotel Trust (NYSE:PEB) Releases Q2 2022 Earnings Guidance

Pebblebrook Hotel Trust (NYSE:PEBGet Rating) updated its second quarter 2022 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.560-$0.630 for the period. The company issued revenue guidance of -.

Several equities research analysts have weighed in on the company. BMO Capital Markets raised Pebblebrook Hotel Trust from a market perform rating to an outperform rating and increased their target price for the stock from $25.00 to $26.00 in a research report on Friday, January 7th. StockNews.com assumed coverage on Pebblebrook Hotel Trust in a report on Thursday, March 31st. They set a sell rating on the stock. UBS Group lowered Pebblebrook Hotel Trust to a neutral rating in a research report on Monday, January 10th. Raymond James upgraded Pebblebrook Hotel Trust from a market perform rating to an outperform rating and set a $27.00 price target for the company in a research report on Monday, January 10th. Finally, Bank of America lowered Pebblebrook Hotel Trust from a buy rating to a neutral rating and decreased their price objective for the stock from $26.00 to $24.00 in a research report on Monday, January 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $26.00.

PEB stock traded up $0.05 during trading on Tuesday, hitting $24.81. 1,906,375 shares of the stock traded hands, compared to its average volume of 1,484,503. Pebblebrook Hotel Trust has a one year low of $19.35 and a one year high of $26.45. The stock has a market cap of $3.26 billion, a PE ratio of -14.02, a price-to-earnings-growth ratio of 1.41 and a beta of 1.82. The stock has a 50 day moving average of $23.50. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.51 and a current ratio of 0.51.

Pebblebrook Hotel Trust (NYSE:PEBGet Rating) last announced its quarterly earnings results on Tuesday, February 22nd. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.37) by $0.43. The firm had revenue of $247.28 million during the quarter, compared to the consensus estimate of $241.86 million. Pebblebrook Hotel Trust had a negative net margin of 25.22% and a negative return on equity of 5.86%. The firm’s quarterly revenue was up 233.2% on a year-over-year basis. During the same period last year, the firm posted ($0.50) EPS. As a group, research analysts forecast that Pebblebrook Hotel Trust will post 1.25 EPS for the current year.

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

Large investors have recently modified their holdings of the company. Deutsche Bank AG raised its stake in Pebblebrook Hotel Trust by 13.6% during the 4th quarter. Deutsche Bank AG now owns 1,558,973 shares of the real estate investment trust’s stock worth $34,874,000 after buying an additional 186,269 shares during the period. Legal & General Group Plc increased its holdings in Pebblebrook Hotel Trust by 2.5% during the 4th quarter. Legal & General Group Plc now owns 1,547,332 shares of the real estate investment trust’s stock worth $34,614,000 after purchasing an additional 38,050 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings in Pebblebrook Hotel Trust by 6.1% during the 4th quarter. Parametric Portfolio Associates LLC now owns 523,663 shares of the real estate investment trust’s stock worth $11,714,000 after purchasing an additional 29,919 shares in the last quarter. Morgan Stanley increased its holdings in Pebblebrook Hotel Trust by 29.6% during the 2nd quarter. Morgan Stanley now owns 422,972 shares of the real estate investment trust’s stock worth $9,961,000 after purchasing an additional 96,690 shares in the last quarter. Finally, California State Teachers Retirement System increased its holdings in Pebblebrook Hotel Trust by 2.0% during the 4th quarter. California State Teachers Retirement System now owns 181,668 shares of the real estate investment trust’s stock worth $4,064,000 after purchasing an additional 3,527 shares in the last quarter.

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.

See Also

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

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