Zacks: Analysts Anticipate Pebblebrook Hotel Trust (PEB) Will Announce Earnings of $0.43 Per Share

Wall Street analysts predict that Pebblebrook Hotel Trust (NYSE:PEB) will announce earnings per share (EPS) of $0.43 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Pebblebrook Hotel Trust’s earnings, with the lowest EPS estimate coming in at $0.41 and the highest estimate coming in at $0.47. Pebblebrook Hotel Trust reported earnings of $0.20 per share during the same quarter last year, which suggests a positive year over year growth rate of 115%. The business is scheduled to announce its next quarterly earnings report on Thursday, February 22nd.

On average, analysts expect that Pebblebrook Hotel Trust will report full year earnings of $2.51 per share for the current year, with EPS estimates ranging from $2.49 to $2.56. For the next financial year, analysts expect that the firm will post earnings of $2.62 per share, with EPS estimates ranging from $2.57 to $2.71. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Pebblebrook Hotel Trust.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings data on Monday, October 23rd. The real estate investment trust reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.49. Pebblebrook Hotel Trust had a return on equity of 6.63% and a net margin of 12.98%. The firm had revenue of $201.80 million during the quarter, compared to the consensus estimate of $198.11 million. During the same period last year, the business posted ($0.61) EPS. Pebblebrook Hotel Trust’s quarterly revenue was down 3.4% on a year-over-year basis.

PEB has been the topic of a number of analyst reports. Zacks Investment Research cut Pebblebrook Hotel Trust from a “buy” rating to a “hold” rating in a report on Friday, October 27th. ValuEngine upgraded Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Stifel Nicolaus reiterated a “hold” rating and set a $31.50 target price on shares of Pebblebrook Hotel Trust in a report on Thursday, October 12th. Barclays increased their target price on Pebblebrook Hotel Trust from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Wednesday, October 25th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $35.00 target price on shares of Pebblebrook Hotel Trust in a report on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $36.39.

Shares of Pebblebrook Hotel Trust (PEB) opened at $38.06 on Wednesday. The company has a market capitalization of $2,602.16, a price-to-earnings ratio of 14.19, a price-to-earnings-growth ratio of 1.58 and a beta of 1.22. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.56. Pebblebrook Hotel Trust has a fifty-two week low of $26.21 and a fifty-two week high of $38.96.

Hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in shares of Pebblebrook Hotel Trust by 156.1% during the second quarter. Principal Financial Group Inc. now owns 2,516,668 shares of the real estate investment trust’s stock worth $81,137,000 after purchasing an additional 1,533,874 shares during the last quarter. Susquehanna International Group LLP raised its position in shares of Pebblebrook Hotel Trust by 138.6% in the 2nd quarter. Susquehanna International Group LLP now owns 215,464 shares of the real estate investment trust’s stock worth $6,946,000 after buying an additional 125,153 shares during the period. Aperio Group LLC raised its position in shares of Pebblebrook Hotel Trust by 12.7% in the 2nd quarter. Aperio Group LLC now owns 11,406 shares of the real estate investment trust’s stock worth $368,000 after buying an additional 1,283 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Pebblebrook Hotel Trust by 8.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 6,410 shares of the real estate investment trust’s stock worth $200,000 after buying an additional 510 shares during the period. Finally, Northern Trust Corp raised its position in shares of Pebblebrook Hotel Trust by 1.1% in the 2nd quarter. Northern Trust Corp now owns 1,576,019 shares of the real estate investment trust’s stock worth $50,811,000 after buying an additional 17,759 shares during the period.

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

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