Pebblebrook Hotel Trust (NYSE:PEB) announced a quarterly dividend on Friday, December 15th, RTT News reports. Shareholders of record on Friday, December 29th will be paid a dividend of 0.38 per share by the real estate investment trust on Friday, January 12th. This represents a $1.52 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date is Thursday, December 28th.
Pebblebrook Hotel Trust has increased its dividend payment by an average of 34.2% annually over the last three years and has raised its dividend every year for the last 4 years. Pebblebrook Hotel Trust has a dividend payout ratio of 60.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Pebblebrook Hotel Trust to earn $2.62 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 58.0%.
Pebblebrook Hotel Trust (NYSE:PEB) traded down $0.39 during midday trading on Friday, hitting $37.60. The stock had a trading volume of 433,959 shares, compared to its average volume of 584,228. The company has a market capitalization of $2,619.39, a P/E ratio of 29.15, a price-to-earnings-growth ratio of 1.59 and a beta of 1.22. 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.
Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings data on Monday, October 23rd. The real estate investment trust reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.49. The firm had revenue of $201.80 million during the quarter, compared to the consensus estimate of $198.11 million. Pebblebrook Hotel Trust had a return on equity of 6.63% and a net margin of 12.98%. The company’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.61) earnings per share. equities analysts expect that Pebblebrook Hotel Trust will post 2.51 EPS for the current year.
PEB has been the subject of several recent research reports. Stifel Nicolaus restated a “hold” rating and set a $34.50 price objective (up previously from $31.50) on shares of Pebblebrook Hotel Trust in a report on Tuesday, October 24th. ValuEngine upgraded Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research upgraded Pebblebrook Hotel Trust from a “hold” rating to a “strong-buy” rating and set a $41.00 price target for the company in a report on Wednesday, September 27th. Barclays upped their price target on Pebblebrook Hotel Trust from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Wednesday, October 25th. Finally, Robert W. Baird set a $37.00 price target on Pebblebrook Hotel Trust and gave the stock a “hold” rating in a report on Friday, December 1st. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. Pebblebrook Hotel Trust currently has a consensus 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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