Pebblebrook Hotel Trust (NYSE:PEB) Announces $0.01 Quarterly Dividend

Pebblebrook Hotel Trust (NYSE:PEB) declared a quarterly dividend on Monday, December 15th. Stockholders of record on Wednesday, December 31st will be paid a dividend of 0.01 per share by the real estate investment trust on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Wednesday, December 31st.

Pebblebrook Hotel Trust has decreased its dividend by an average of 0.5%per year over the last three years. Pebblebrook Hotel Trust has a dividend payout ratio of -9.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Pebblebrook Hotel Trust to earn $1.47 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 2.7%.

Pebblebrook Hotel Trust Stock Up 2.9%

Shares of PEB traded up $0.33 during trading hours on Monday, hitting $11.61. The company had a trading volume of 1,862,783 shares, compared to its average volume of 2,277,003. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $1.32 billion, a PE ratio of -9.75 and a beta of 1.53. Pebblebrook Hotel Trust has a one year low of $7.41 and a one year high of $14.73. The company’s fifty day moving average price is $10.90 and its two-hundred day moving average price is $10.62.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its earnings results on Wednesday, November 5th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.01. The company had revenue of $398.72 million for the quarter, compared to analyst estimates of $396.80 million. Pebblebrook Hotel Trust had a negative return on equity of 4.02% and a negative net margin of 7.45%.The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 earnings per share. Pebblebrook Hotel Trust has set its FY 2025 guidance at 1.500-1.570 EPS and its Q4 2025 guidance at 0.180-0.260 EPS. As a group, equities analysts forecast that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on PEB. Cantor Fitzgerald initiated coverage on shares of Pebblebrook Hotel Trust in a research report on Wednesday, October 1st. They set a “neutral” rating and a $12.00 target price for the company. Stifel Nicolaus set a $13.50 price target on Pebblebrook Hotel Trust in a research report on Thursday, November 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Pebblebrook Hotel Trust in a research report on Monday, December 8th. Morgan Stanley set a $9.00 target price on Pebblebrook Hotel Trust in a research note on Wednesday, October 22nd. Finally, Truist Financial increased their price target on Pebblebrook Hotel Trust from $9.00 to $11.00 and gave the company a “hold” rating in a research note on Thursday, September 11th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $11.90.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels and resorts in the United States. The Company owns 47 hotels and resorts, totaling approximately 12,200 guest rooms across 13 urban and resort markets.