Pebblebrook Hotel Trust (PEB) Set to Announce Quarterly Earnings on Tuesday

Pebblebrook Hotel Trust (NYSE:PEB) will post its quarterly earnings results after the market closes on Tuesday, April 23rd. Analysts expect Pebblebrook Hotel Trust to post earnings of $0.15 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.06. Pebblebrook Hotel Trust had a negative net margin of 5.49% and a negative return on equity of 2.65%. The business had revenue of $334.10 million for the quarter, compared to analysts’ expectations of $325.42 million. During the same quarter last year, the firm earned $0.20 EPS. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, analysts expect Pebblebrook Hotel Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Pebblebrook Hotel Trust Price Performance

Shares of NYSE PEB opened at $15.01 on Tuesday. Pebblebrook Hotel Trust has a fifty-two week low of $11.39 and a fifty-two week high of $16.65. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of -15.47, a PEG ratio of 0.70 and a beta of 1.86. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 0.97. The firm’s 50-day simple moving average is $15.74 and its 200 day simple moving average is $14.60.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.04 annualized dividend and a dividend yield of 0.27%. Pebblebrook Hotel Trust’s dividend payout ratio is currently -4.12%.

Insider Buying and Selling

In related news, insider Thomas Charles Fisher sold 11,441 shares of Pebblebrook Hotel Trust stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $15.62, for a total value of $178,708.42. Following the sale, the insider now owns 254,449 shares of the company’s stock, valued at approximately $3,974,493.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PEB. Two Sigma Investments LP grew its stake in Pebblebrook Hotel Trust by 968.1% in the 1st quarter. Two Sigma Investments LP now owns 1,594,256 shares of the real estate investment trust’s stock valued at $22,383,000 after buying an additional 1,444,992 shares in the last quarter. Balyasny Asset Management L.P. grew its stake in Pebblebrook Hotel Trust by 109.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,177,893 shares of the real estate investment trust’s stock valued at $34,803,000 after buying an additional 1,139,360 shares in the last quarter. Norges Bank purchased a new position in Pebblebrook Hotel Trust in the 4th quarter valued at approximately $14,624,000. Two Sigma Advisers LP grew its stake in Pebblebrook Hotel Trust by 240.4% in the 1st quarter. Two Sigma Advisers LP now owns 1,489,075 shares of the real estate investment trust’s stock valued at $20,907,000 after buying an additional 1,051,600 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its stake in Pebblebrook Hotel Trust by 17.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,028,744 shares of the real estate investment trust’s stock valued at $67,335,000 after buying an additional 745,663 shares in the last quarter.

Analysts Set New Price Targets

PEB has been the topic of several recent analyst reports. Bank of America cut shares of Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.50 target price on the stock. in a research report on Monday, January 8th. Compass Point reissued a “neutral” rating and set a $17.00 target price on shares of Pebblebrook Hotel Trust in a research report on Thursday, March 28th. Truist Financial lifted their target price on shares of Pebblebrook Hotel Trust from $15.00 to $16.00 and gave the stock a “hold” rating in a research report on Thursday, January 18th. Finally, Wells Fargo & Company lifted their target price on shares of Pebblebrook Hotel Trust from $14.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Friday, December 22nd. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat, Pebblebrook Hotel Trust currently has a consensus rating of “Hold” and an average target price of $14.78.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels and resorts in the United States. The Company owns 47 hotels and resorts, totaling approximately 12,200 guest rooms across 13 urban and resort markets.