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

Pebblebrook Hotel Trust (NYSE:PEBGet Rating) updated its second quarter 2022 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.56-$0.63 for the period. The company issued revenue guidance of -.

Several equities research analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of Pebblebrook Hotel Trust in a research report on Thursday, March 31st. They issued a sell rating for the company. Sumitomo Mitsui Financial Group assumed coverage on shares of Pebblebrook Hotel Trust in a research report on Wednesday, March 23rd. They issued an outperform rating and a $27.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Hold and an average target price of $26.00.

NYSE:PEB opened at $21.18 on Thursday. Pebblebrook Hotel Trust has a 52 week low of $19.35 and a 52 week high of $26.45. The firm has a 50 day moving average of $23.48 and a 200 day moving average of $22.90. 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 stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of -12.68, a PEG ratio of 1.02 and a beta of 1.69.

Pebblebrook Hotel Trust (NYSE:PEBGet Rating) last posted 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 net margin of 18.05% and a negative return on equity of 5.16%. During the same quarter in the previous year, the firm posted ($0.42) EPS. As a group, analysts expect that Pebblebrook Hotel Trust will post 1.53 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Thursday, March 31st were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.19%. Pebblebrook Hotel Trust’s payout ratio is -2.40%.

Several hedge funds and other institutional investors have recently bought and sold shares of PEB. Neo Ivy Capital Management purchased a new position in shares of Pebblebrook Hotel Trust in the fourth quarter worth $48,000. Penserra Capital Management LLC raised its holdings in shares of Pebblebrook Hotel Trust by 95.2% in the fourth quarter. Penserra Capital Management LLC now owns 6,149 shares of the real estate investment trust’s stock worth $137,000 after buying an additional 2,999 shares during the last quarter. LPL Financial LLC purchased a new position in shares of Pebblebrook Hotel Trust in the third quarter worth $205,000. Vident Investment Advisory LLC purchased a new position in shares of Pebblebrook Hotel Trust in the fourth quarter worth $209,000. Finally, XTX Topco Ltd purchased a new position in shares of Pebblebrook Hotel Trust in the first quarter worth $237,000.

Pebblebrook Hotel Trust Company Profile (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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