Pebblebrook Hotel Trust to Issue Quarterly Dividend of $0.01 (NYSE:PEB)

Pebblebrook Hotel Trust (NYSE:PEB) announced a quarterly dividend on Monday, June 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.01 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 0.2%. The ex-dividend date is Tuesday, June 30th.

Pebblebrook Hotel Trust has a 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. Research analysts expect Pebblebrook Hotel Trust to earn $1.59 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 2.5%.

Pebblebrook Hotel Trust Price Performance

Pebblebrook Hotel Trust stock opened at $18.48 on Tuesday. The company has a fifty day simple moving average of $14.81 and a 200-day simple moving average of $12.99. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of -23.09, a PEG ratio of 1.58 and a beta of 1.45. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.82. Pebblebrook Hotel Trust has a 52-week low of $9.02 and a 52-week high of $18.51.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported ($0.26) earnings per share for the quarter, topping the consensus estimate of ($0.31) by $0.05. Pebblebrook Hotel Trust had a negative net margin of 4.18% and a negative return on equity of 2.41%. The firm had revenue of $345.66 million for the quarter, compared to the consensus estimate of $331.23 million. During the same period last year, the firm posted $0.16 earnings per share. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. Pebblebrook Hotel Trust has set its Q2 2026 guidance at 0.580-0.620 EPS. On average, equities analysts anticipate that Pebblebrook Hotel Trust will post 1.59 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on PEB shares. Truist Financial raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and raised their target price for the stock from $14.00 to $17.00 in a research note on Wednesday, May 27th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $17.00 price target on shares of Pebblebrook Hotel Trust in a report on Friday. Barclays lifted their price objective on Pebblebrook Hotel Trust from $9.00 to $13.00 and gave the stock an “underweight” rating in a research report on Monday, June 1st. Cantor Fitzgerald boosted their price objective on Pebblebrook Hotel Trust from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Finally, Citigroup upped their target price on Pebblebrook Hotel Trust from $13.00 to $15.00 and gave the company a “neutral” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Pebblebrook Hotel Trust currently has a consensus rating of “Hold” and an average price target of $14.98.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust (NYSE:PEB) is a real estate investment trust specializing in premium, high-barrier-to-entry hotel properties in gateway markets across the United States. Established in 2009, PEB focuses on lifestyle-oriented lodging assets that cater to business and leisure travelers seeking elevated experiences. The company’s investment strategy emphasizes select-service and full-service hotels with established brands and prime urban or resort locations.

PEB’s portfolio comprises more than 30 properties in major metropolitan areas including New York City, Los Angeles, Chicago, Miami and San Francisco.