Pebblebrook Hotel Trust (NYSE:PEB) announced a quarterly dividend on Thursday, March 15th, RTT News reports. Shareholders of record on Thursday, March 29th will be paid a dividend of 0.38 per share by the real estate investment trust on Monday, April 16th. This represents a $1.52 annualized dividend and a yield of 4.48%. The ex-dividend date is Wednesday, March 28th.
Pebblebrook Hotel Trust has increased its dividend by an average of 21.4% per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Pebblebrook Hotel Trust has a payout ratio of 60.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Pebblebrook Hotel Trust to earn $2.57 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 59.1%.
Shares of Pebblebrook Hotel Trust (PEB) opened at $33.91 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.32 and a current ratio of 0.32. The firm has a market capitalization of $2,399.54, a price-to-earnings ratio of 13.48, a price-to-earnings-growth ratio of 1.44 and a beta of 1.28. Pebblebrook Hotel Trust has a 12 month low of $27.57 and a 12 month high of $39.74.
A number of research firms have recently commented on PEB. ValuEngine raised Pebblebrook Hotel Trust from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 15th. Robert W. Baird set a $37.00 price objective on Pebblebrook Hotel Trust and gave the stock a “hold” rating in a research note on Friday, December 1st. Stifel Nicolaus reissued a “hold” rating and issued a $36.50 price objective on shares of Pebblebrook Hotel Trust in a research note on Sunday, December 3rd. Barclays reissued a “buy” rating and issued a $39.00 price objective on shares of Pebblebrook Hotel Trust in a research note on Friday, December 15th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Pebblebrook Hotel Trust in a research note on Monday, February 26th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $36.61.
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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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