Pebblebrook Hotel Trust (NYSE:PEB) Issues Q2 Earnings Guidance

Pebblebrook Hotel Trust (NYSE:PEBGet Rating) updated its second quarter earnings guidance on Thursday. The company provided EPS guidance of $0.56-0.63 for the period, compared to the consensus EPS estimate of $0.56. Pebblebrook Hotel Trust also updated its Q2 2022 guidance to $0.56-$0.63 EPS.

Several brokerages have commented on PEB. StockNews.com began coverage on Pebblebrook Hotel Trust in a research note on Thursday, March 31st. They set a sell rating for the company. Sumitomo Mitsui Financial Group initiated coverage on Pebblebrook Hotel Trust in a research note on Wednesday, March 23rd. They issued an outperform rating and a $27.00 target price for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Pebblebrook Hotel Trust presently has an average rating of Hold and an average target price of $26.00.

NYSE:PEB traded down $0.02 during trading hours on Thursday, reaching $21.77. 17,033 shares of the stock were exchanged, compared to its average volume of 1,537,257. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.79. The firm has a 50 day simple moving average of $23.67 and a 200-day simple moving average of $23.04. Pebblebrook Hotel Trust has a 52 week low of $19.35 and a 52 week high of $26.45. The stock has a market capitalization of $2.86 billion, a P/E ratio of -13.05, a P/E/G ratio of 1.11 and a beta of 1.69.

Pebblebrook Hotel Trust (NYSE:PEBGet Rating) last released its earnings results on Tuesday, April 26th. The real estate investment trust reported ($0.85) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.75). Pebblebrook Hotel Trust had a negative return on equity of 5.16% and a negative net margin of 18.05%. During the same period in the prior year, the company posted ($0.42) EPS. As a group, analysts expect that Pebblebrook Hotel Trust will post 1.51 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Thursday, March 31st were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date was Wednesday, March 30th. Pebblebrook Hotel Trust’s dividend payout ratio is presently -2.40%.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vident Investment Advisory LLC bought a new stake in Pebblebrook Hotel Trust during the 4th quarter valued at $209,000. Walleye Trading LLC raised its stake in shares of Pebblebrook Hotel Trust by 57.8% during the fourth quarter. Walleye Trading LLC now owns 29,257 shares of the real estate investment trust’s stock valued at $654,000 after purchasing an additional 10,715 shares in the last quarter. Comerica Bank lifted its holdings in Pebblebrook Hotel Trust by 6.7% in the fourth quarter. Comerica Bank now owns 58,599 shares of the real estate investment trust’s stock worth $1,277,000 after purchasing an additional 3,670 shares during the period. Deutsche Bank AG grew its position in Pebblebrook Hotel Trust by 13.6% in the 4th quarter. Deutsche Bank AG now owns 1,558,973 shares of the real estate investment trust’s stock valued at $34,874,000 after buying an additional 186,269 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake 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 valued at $4,064,000 after buying an additional 3,527 shares during the period.

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.

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

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