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 -.

A number of equities research analysts have recently commented on the stock. 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 target price for the company. StockNews.com initiated coverage on shares of Pebblebrook Hotel Trust in a research report on Thursday, March 31st. They issued a sell rating for the company. One investment 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, the stock currently has an average rating of Hold and a consensus target price of $26.00.

Shares of PEB opened at $23.13 on Thursday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.79. Pebblebrook Hotel Trust has a 12-month low of $19.35 and a 12-month high of $26.45. The firm has a 50-day moving average price of $23.34 and a 200 day moving average price of $22.81. The firm has a market capitalization of $3.04 billion, a P/E ratio of -13.85, a P/E/G ratio of 0.93 and a beta of 1.69.

Pebblebrook Hotel Trust (NYSE:PEBGet Rating) last announced its quarterly earnings data on Tuesday, April 26th. The real estate investment trust reported ($0.85) earnings per share (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 business posted ($0.42) earnings per share. Equities research analysts predict that Pebblebrook Hotel Trust will post 1.73 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Thursday, March 31st were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.17%. The ex-dividend date was Wednesday, March 30th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -2.40%.

Hedge funds have recently made changes to their positions in the business. Federated Hermes Inc. boosted its stake in Pebblebrook Hotel Trust by 5.5% during the first quarter. Federated Hermes Inc. now owns 30,800 shares of the real estate investment trust’s stock worth $754,000 after buying an additional 1,607 shares during the period. Walleye Trading LLC lifted its position 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 worth $654,000 after purchasing an additional 10,715 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of Pebblebrook Hotel Trust during the first quarter worth about $558,000. Point72 Hong Kong Ltd lifted its position in shares of Pebblebrook Hotel Trust by 975.9% during the first quarter. Point72 Hong Kong Ltd now owns 18,097 shares of the real estate investment trust’s stock worth $443,000 after purchasing an additional 16,415 shares in the last quarter. Finally, Vident Investment Advisory LLC lifted its position in shares of Pebblebrook Hotel Trust by 73.5% during the first quarter. Vident Investment Advisory LLC now owns 16,293 shares of the real estate investment trust’s stock worth $399,000 after purchasing an additional 6,903 shares in the last quarter.

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.

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

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