News stories about Pebblebrook Hotel Trust (NYSE:PEB) have been trending positive on Wednesday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pebblebrook Hotel Trust earned a news impact score of 0.26 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 45.6983217091931 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Pebblebrook Hotel Trust (PEB) Expected to Post Quarterly Sales of $197.59 Million (americanbankingnews.com)
- Baird/STR Stock Index Up 5.3 Percent for September 2017 (htrends.com)
- Brokerages Anticipate Pebblebrook Hotel Trust (PEB) to Post $0.73 EPS (americanbankingnews.com)
- Financial Contrast: Sunstone Hotel Investors (SHO) versus Pebblebrook Hotel Trust (PEB) (americanbankingnews.com)
- Pebblebrook Hotel Trust Schedules Third Quarter 2017 Earnings Release and Conference Call (finance.yahoo.com)
Shares of Pebblebrook Hotel Trust (NYSE:PEB) opened at 36.72 on Wednesday. The company has a market cap of $2.53 billion, a PE ratio of 133.53 and a beta of 1.26. Pebblebrook Hotel Trust has a 12 month low of $23.56 and a 12 month high of $36.78. The firm’s 50-day moving average price is $34.31 and its 200 day moving average price is $32.25.
Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.08. The business had revenue of $205.72 million during the quarter, compared to the consensus estimate of $199.30 million. Pebblebrook Hotel Trust had a net margin of 5.09% and a return on equity of 2.59%. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.81 earnings per share. Equities research analysts anticipate that Pebblebrook Hotel Trust will post $1.07 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be paid a $0.38 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.52 annualized dividend and a dividend yield of 4.14%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is 506.68%.
Pebblebrook Hotel Trust declared that its Board of Directors has approved a share repurchase program on Thursday, July 27th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the real estate investment trust to buy up to 4.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.
Several brokerages recently issued reports on PEB. Robert W. Baird cut Pebblebrook Hotel Trust from an “outperform” rating to a “neutral” rating and set a $34.00 price objective on the stock. in a research note on Monday, October 2nd. Zacks Investment Research raised Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Janney Montgomery Scott raised Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and increased their target price for the company from $31.00 to $40.00 in a research report on Wednesday, September 27th. Goldman Sachs Group, Inc. (The) cut Pebblebrook Hotel Trust from a “neutral” rating to a “sell” rating and dropped their target price for the company from $27.00 to $26.00 in a research report on Wednesday, August 2nd. Finally, ValuEngine raised Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Pebblebrook Hotel Trust has an average rating of “Hold” and an average price target of $35.06.
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About Pebblebrook Hotel Trust
Pebblebrook Hotel Trust is an internally managed hotel investment company. The Company is a real estate investment trust (REIT) that acquires and invests in hotel properties located primarily in cities of the United States. As of December 31, 2016, the Company owned 29 hotels with a total of 7,219 guest rooms.
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