Pebblebrook Hotel Trust (NYSE:PEB) is set to issue its quarterly earnings data after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $0.78 per share for the quarter. Pebblebrook Hotel Trust has set its Q3 2019 guidance at $0.76-0.78 EPS and its FY 2019 guidance at $2.62-2.67 EPS.Parties interested in registering for the company’s conference call can do so using this link.
Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The firm had revenue of $442.08 million for the quarter, compared to the consensus estimate of $435.37 million. Pebblebrook Hotel Trust had a negative net margin of 0.25% and a negative return on equity of 0.10%. The business’s quarterly revenue was up 114.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.81 EPS. On average, analysts expect Pebblebrook Hotel Trust to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of NYSE PEB opened at $26.71 on Wednesday. The firm’s 50-day moving average price is $27.38 and its 200-day moving average price is $28.54. Pebblebrook Hotel Trust has a 52-week low of $25.64 and a 52-week high of $37.09. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.65. The company has a market cap of $3.44 billion, a PE ratio of 10.90, a PEG ratio of 1.99 and a beta of 1.34.
Several equities analysts have recently weighed in on PEB shares. Capital One Financial started coverage on shares of Pebblebrook Hotel Trust in a research note on Tuesday, June 25th. They issued an “overweight” rating and a $35.00 price objective on the stock. Bank of America cut shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $33.00 to $29.00 in a research note on Wednesday, July 17th. Wells Fargo & Co lowered their price objective on shares of Pebblebrook Hotel Trust from $28.00 to $27.00 and set a “market perform” rating on the stock in a research note on Friday, October 18th. BMO Capital Markets started coverage on shares of Pebblebrook Hotel Trust in a research note on Wednesday, October 16th. They issued a “market perform” rating and a $28.00 price objective on the stock. Finally, Zacks Investment Research cut shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. Pebblebrook Hotel Trust currently has an average rating of “Hold” and an average target price of $32.83.
About Pebblebrook Hotel Trust
Pebblebrook Hotel Trust is a publicly traded real estate investment trust (REIT) organized to opportunistically acquire and invest primarily in upper upscale, full-service hotels located in urban markets in major gateway cities. The Company owns 61 hotels, totaling approximately 14,600 guest rooms, located in 10 states and the District of Columbia, including: Del Mar, California; Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Santa Cruz, California; Washington, DC; Coral Gables, Florida; Key West, Florida; Naples, Florida; Buckhead, Georgia; Chicago, Illinois; Boston, Massachusetts; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.
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