Analysts Set Expectations for Pebblebrook Hotel Trust’s FY2022 Earnings (NYSE:PEB)

Pebblebrook Hotel Trust (NYSE:PEBGet Rating) – Investment analysts at Capital One Financial issued their FY2022 earnings per share (EPS) estimates for Pebblebrook Hotel Trust in a note issued to investors on Thursday, September 15th. Capital One Financial analyst N. Malkin forecasts that the real estate investment trust will earn $1.88 per share for the year. The consensus estimate for Pebblebrook Hotel Trust’s current full-year earnings is $1.88 per share. Capital One Financial also issued estimates for Pebblebrook Hotel Trust’s Q1 2023 earnings at $0.34 EPS and FY2024 earnings at $2.94 EPS.

Several other analysts also recently commented on the company. Wells Fargo & Company downgraded Pebblebrook Hotel Trust from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $26.00 to $20.00 in a research note on Monday, August 29th. Citigroup increased their price target on Pebblebrook Hotel Trust to $21.00 in a research report on Tuesday, August 9th. Barclays decreased their price target on Pebblebrook Hotel Trust from $26.00 to $22.00 and set an “equal weight” rating for the company in a research report on Thursday, July 7th. Stifel Nicolaus decreased their price target on Pebblebrook Hotel Trust from $26.25 to $23.25 in a research report on Friday, June 24th. Finally, Evercore ISI reaffirmed an “underperform” rating and set a $19.00 price target on shares of Pebblebrook Hotel Trust in a research report on Monday, July 11th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $23.25.

Pebblebrook Hotel Trust Stock Performance

Shares of Pebblebrook Hotel Trust stock opened at $17.52 on Monday. The company has a market cap of $2.30 billion, a PE ratio of -11.84, a price-to-earnings-growth ratio of 0.67 and a beta of 1.79. Pebblebrook Hotel Trust has a 52 week low of $16.04 and a 52 week high of $26.45. The business has a 50 day moving average price of $18.55 and a 200-day moving average price of $20.81. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.79.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.23%. The ex-dividend date is Thursday, September 29th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is -2.70%.

Insider Buying and Selling at Pebblebrook Hotel Trust

In other news, CEO Jon E. Bortz acquired 10,000 shares of Pebblebrook Hotel Trust stock in a transaction on Wednesday, June 29th. The stock was acquired at an average cost of $16.33 per share, with a total value of $163,300.00. Following the completion of the acquisition, the chief executive officer now owns 990,830 shares in the company, valued at $16,180,253.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Jon E. Bortz purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, June 29th. The stock was purchased at an average cost of $16.33 per share, with a total value of $163,300.00. Following the completion of the acquisition, the chief executive officer now directly owns 990,830 shares of the company’s stock, valued at $16,180,253.90. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ron E. Jackson purchased 5,900 shares of the business’s stock in a transaction dated Thursday, June 30th. The stock was bought at an average cost of $16.86 per share, with a total value of $99,474.00. Following the completion of the acquisition, the director now directly owns 61,122 shares of the company’s stock, valued at $1,030,516.92. The disclosure for this purchase can be found here. 1.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

A number of large investors have recently made changes to their positions in the stock. Crossmark Global Holdings Inc. boosted its stake in Pebblebrook Hotel Trust by 4.9% during the first quarter. Crossmark Global Holdings Inc. now owns 11,792 shares of the real estate investment trust’s stock valued at $289,000 after buying an additional 550 shares during the period. Louisiana State Employees Retirement System boosted its stake in Pebblebrook Hotel Trust by 1.8% during the first quarter. Louisiana State Employees Retirement System now owns 34,400 shares of the real estate investment trust’s stock valued at $852,000 after buying an additional 600 shares during the period. Victory Capital Management Inc. boosted its stake in Pebblebrook Hotel Trust by 2.2% during the second quarter. Victory Capital Management Inc. now owns 34,989 shares of the real estate investment trust’s stock valued at $580,000 after buying an additional 749 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Pebblebrook Hotel Trust by 56.9% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,132 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 773 shares during the period. Finally, M&T Bank Corp boosted its stake in Pebblebrook Hotel Trust by 8.7% during the second quarter. M&T Bank Corp now owns 11,069 shares of the real estate investment trust’s stock valued at $183,000 after buying an additional 890 shares during the period.

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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