Brokerages Anticipate Pebblebrook Hotel Trust (NYSE:PEB) Will Post Earnings of $0.50 Per Share

Wall Street brokerages forecast that Pebblebrook Hotel Trust (NYSE:PEB) will post earnings per share (EPS) of $0.50 for the current quarter, Zacks reports. Five analysts have provided estimates for Pebblebrook Hotel Trust’s earnings, with estimates ranging from $0.47 to $0.52. Pebblebrook Hotel Trust reported earnings per share of $0.33 during the same quarter last year, which would indicate a positive year over year growth rate of 51.5%. The firm is scheduled to report its next quarterly earnings results on Monday, February 24th.

According to Zacks, analysts expect that Pebblebrook Hotel Trust will report full year earnings of $2.59 per share for the current financial year, with EPS estimates ranging from $2.55 to $2.60. For the next financial year, analysts forecast that the company will report earnings of $2.52 per share, with EPS estimates ranging from $2.41 to $2.64. Zacks’ EPS averages are an average based on a survey of research analysts that cover Pebblebrook Hotel Trust.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.24). The company had revenue of $423.55 million for the quarter, compared to analysts’ expectations of $422.61 million. Pebblebrook Hotel Trust had a positive return on equity of 0.16% and a negative net margin of 0.21%. The company’s revenue for the quarter was up 106.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 EPS.

Several brokerages have issued reports on PEB. Zacks Investment Research lowered Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. BMO Capital Markets reiterated a “hold” rating and set a $28.00 price target on shares of Pebblebrook Hotel Trust in a research note on Monday, October 28th. BTIG Research lowered shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating in a research report on Thursday, August 15th. Stifel Nicolaus set a $31.00 target price on shares of Pebblebrook Hotel Trust and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Co lowered their price target on shares of Pebblebrook Hotel Trust from $28.00 to $27.00 and set a “market perform” rating on the stock in a research report on Friday, October 18th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. Pebblebrook Hotel Trust has an average rating of “Hold” and an average target price of $31.25.

A number of institutional investors and hedge funds have recently modified their holdings of PEB. Bartlett & Co. LLC bought a new position in Pebblebrook Hotel Trust in the 3rd quarter valued at $26,000. Harvest Fund Management Co. Ltd grew its position in shares of Pebblebrook Hotel Trust by 266.7% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 1,100 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 800 shares in the last quarter. Dupont Capital Management Corp purchased a new position in shares of Pebblebrook Hotel Trust during the 2nd quarter valued at $37,000. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Pebblebrook Hotel Trust by 35.5% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,220 shares of the real estate investment trust’s stock worth $91,000 after purchasing an additional 844 shares during the period. Finally, Arden Trust Co bought a new position in shares of Pebblebrook Hotel Trust in the second quarter worth $210,000.

NYSE PEB traded down $0.16 on Thursday, hitting $25.82. 19,476 shares of the stock traded hands, compared to its average volume of 1,108,627. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.24 and a current ratio of 0.24. The business’s fifty day moving average is $26.11 and its two-hundred day moving average is $27.38. Pebblebrook Hotel Trust has a 12 month low of $24.51 and a 12 month high of $35.93. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 2.03 and a beta of 1.29.

Pebblebrook Hotel Trust Company Profile

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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Earnings History and Estimates for Pebblebrook Hotel Trust (NYSE:PEB)

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