Pebblebrook Hotel Trust (PEB) to Issue Quarterly Dividend of $0.01 on April 15th

Pebblebrook Hotel Trust (NYSE:PEB) declared a quarterly dividend on Friday, March 14th, NASDAQ Dividends reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.01 per share by the real estate investment trust on Tuesday, April 15th. This represents a $0.04 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend is Monday, March 31st.

Pebblebrook Hotel Trust has increased its dividend by an average of 10.1% per year over the last three years. Pebblebrook Hotel Trust has a payout ratio of -10.3% indicating that 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 Trading Up 2.4 %

NYSE:PEB opened at $10.72 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $1.28 billion, a PE ratio of -36.97, a price-to-earnings-growth ratio of 0.60 and a beta of 1.87. The firm’s 50 day moving average is $12.63 and its 200 day moving average is $13.02. Pebblebrook Hotel Trust has a 12 month low of $10.31 and a 12 month high of $16.19.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Truist Financial lowered their price target on shares of Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. Compass Point cut shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $17.00 to $15.00 in a report on Monday, March 10th. Wells Fargo & Company lowered their price target on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. Raymond James set a $14.00 price objective on shares of Pebblebrook Hotel Trust and gave the company an “outperform” rating in a research note on Thursday, February 27th. Finally, StockNews.com cut shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $13.86.

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.