Pebblebrook Hotel Trust (PEB) to Release Earnings on Wednesday

Pebblebrook Hotel Trust (NYSE:PEB) is anticipated to announce its earnings results after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.12 per share and revenue of $331.90 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Pebblebrook Hotel Trust Trading Up 4.0 %

Shares of NYSE PEB opened at $12.66 on Wednesday. The firm’s 50 day moving average price is $13.45 and its 200-day moving average price is $13.13. The company has a market cap of $1.51 billion, a PE ratio of -43.64, a P/E/G ratio of 0.62 and a beta of 1.85. Pebblebrook Hotel Trust has a 52-week low of $11.65 and a 52-week high of $16.65. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81.

Pebblebrook Hotel Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.32%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is -13.79%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Truist Financial lowered their price objective on shares of Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. Stifel Nicolaus upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and increased their price objective for the company from $14.75 to $15.00 in a research report on Friday, November 22nd. Wedbush downgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 price objective on the stock. in a research report on Thursday, January 2nd. Wells Fargo & Company lowered their price objective on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Finally, Compass Point upgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $14.17.

Insider Buying and Selling at Pebblebrook Hotel Trust

In other news, CEO Jon E. Bortz acquired 13,000 shares of Pebblebrook Hotel Trust stock in a transaction dated Thursday, November 21st. The stock was purchased at an average cost of $12.68 per share, with a total value of $164,840.00. Following the completion of the purchase, the chief executive officer now directly owns 1,395,284 shares in the company, valued at approximately $17,692,201.12. This trade represents a 0.94 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.40% of the stock is owned by corporate insiders.

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.