Wall Street analysts expect Pebblebrook Hotel Trust (NYSE:PEB) to post $214.94 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Pebblebrook Hotel Trust’s earnings, with the lowest sales estimate coming in at $192.76 million and the highest estimate coming in at $236.73 million. Pebblebrook Hotel Trust reported sales of $179.63 million in the same quarter last year, which would indicate a positive year over year growth rate of 19.7%. The firm is expected to report its next earnings results on Monday, February 25th.
According to Zacks, analysts expect that Pebblebrook Hotel Trust will report full year sales of $807.98 million for the current year, with estimates ranging from $785.79 million to $829.77 million. For the next fiscal year, analysts forecast that the firm will post sales of $1.63 billion, with estimates ranging from $1.57 billion to $1.69 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Pebblebrook Hotel Trust.
Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings data on Monday, February 25th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.23. The company had revenue of $235.64 million for the quarter, compared to analyst estimates of $207.53 million. Pebblebrook Hotel Trust had a net margin of 16.08% and a return on equity of 8.18%. Pebblebrook Hotel Trust’s revenue was up 31.2% compared to the same quarter last year. During the same period last year, the company posted $0.11 earnings per share.
Several brokerages recently issued reports on PEB. Zacks Investment Research raised shares of Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a report on Wednesday, November 28th. Stifel Nicolaus raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a report on Monday, November 12th. Barclays reissued a “buy” rating and set a $38.00 price objective on shares of Pebblebrook Hotel Trust in a report on Tuesday, February 19th. Finally, ValuEngine raised shares of Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a report on Monday, February 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $36.88.
Shares of PEB stock opened at $32.01 on Friday. The company has a market cap of $2.35 billion, a P/E ratio of 12.46, a price-to-earnings-growth ratio of 2.58 and a beta of 1.39. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.80 and a current ratio of 0.80. Pebblebrook Hotel Trust has a 52-week low of $26.59 and a 52-week high of $41.65.
In other news, Director Cydney Donnell purchased 1,400 shares of the business’s stock in a transaction on Friday, December 7th. The shares were acquired at an average cost of $35.58 per share, with a total value of $49,812.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.20% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PEB. Rehmann Capital Advisory Group purchased a new position in Pebblebrook Hotel Trust in the fourth quarter worth $25,000. San Francisco Sentry Investment Group CA purchased a new position in Pebblebrook Hotel Trust in the fourth quarter worth $36,000. Oregon Public Employees Retirement Fund purchased a new stake in shares of Pebblebrook Hotel Trust during the fourth quarter valued at $53,000. LSV Asset Management purchased a new stake in shares of Pebblebrook Hotel Trust during the fourth quarter valued at $57,000. Finally, Enlightenment Research LLC purchased a new stake in shares of Pebblebrook Hotel Trust during the fourth quarter valued at $59,000.
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 64 hotels, totaling approximately 15,400 guest rooms, located in 11 states and the District of Columbia, in the following markets: 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; Minneapolis, Minnesota; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.
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