Pebblebrook Hotel Trust (NYSE:PEB) – Research analysts at Boenning Scattergood upped their Q4 2018 EPS estimates for shares of Pebblebrook Hotel Trust in a report released on Tuesday. Boenning Scattergood analyst F. Van. Dijkum now expects that the real estate investment trust will post earnings per share of $0.51 for the quarter, up from their prior forecast of $0.49. Boenning Scattergood currently has a “Hold” rating on the stock.
Pebblebrook Hotel Trust (NYSE:PEB) last issued its earnings results on Monday, October 23rd. The real estate investment trust reported $0.80 EPS for the quarter, topping the consensus estimate of $0.31 by $0.49. The firm had revenue of $201.80 million during the quarter, compared to analysts’ expectations of $198.11 million. Pebblebrook Hotel Trust had a return on equity of 6.63% and a net margin of 12.98%. Pebblebrook Hotel Trust’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period last year, the business earned ($0.61) earnings per share.
Shares of Pebblebrook Hotel Trust (PEB) traded up $0.32 during mid-day trading on Thursday, reaching $38.04. The company had a trading volume of 425,952 shares, compared to its average volume of 478,319. The company has a market capitalization of $2,610.00, a PE ratio of 29.72, a P/E/G ratio of 1.50 and a beta of 1.23. Pebblebrook Hotel Trust has a 52-week low of $26.21 and a 52-week high of $38.96. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.31 and a current ratio of 0.31.
Several institutional investors have recently bought and sold shares of PEB. JPMorgan Chase & Co. grew its position in shares of Pebblebrook Hotel Trust by 196.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,089,557 shares of the real estate investment trust’s stock worth $39,311,000 after buying an additional 722,283 shares during the period. Lord Abbett & CO. LLC acquired a new position in shares of Pebblebrook Hotel Trust in the 2nd quarter valued at approximately $19,701,000. Chartwell Investment Partners LLC acquired a new position in shares of Pebblebrook Hotel Trust in the 3rd quarter valued at approximately $13,645,000. Macquarie Group Ltd. grew its position in shares of Pebblebrook Hotel Trust by 24.3% in the 2nd quarter. Macquarie Group Ltd. now owns 1,099,047 shares of the real estate investment trust’s stock valued at $35,433,000 after purchasing an additional 214,688 shares during the period. Finally, Russell Investments Group Ltd. grew its position in shares of Pebblebrook Hotel Trust by 43.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 607,073 shares of the real estate investment trust’s stock valued at $21,940,000 after purchasing an additional 184,782 shares during the period.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be given a $0.38 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.52 dividend on an annualized basis and a yield of 4.00%. Pebblebrook Hotel Trust’s payout ratio is 118.75%.
Pebblebrook Hotel Trust Company Profile
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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