Pebblebrook Hotel Trust (NYSE:PEB) Releases Quarterly Earnings Results, Misses Expectations By $0.48 EPS

Pebblebrook Hotel Trust (NYSE:PEB) announced its earnings results on Tuesday. The real estate investment trust reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.48), RTT News reports. The business had revenue of $314.10 million for the quarter, compared to analysts’ expectations of $304.34 million. Pebblebrook Hotel Trust had a negative return on equity of 2.85% and a negative net margin of 5.84%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business posted $0.18 earnings per share.

Pebblebrook Hotel Trust Price Performance

Shares of PEB opened at $15.59 on Thursday. The firm’s 50-day moving average is $15.65 and its two-hundred day moving average is $14.67. Pebblebrook Hotel Trust has a twelve month low of $11.39 and a twelve month high of $16.65. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 0.97.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date was Wednesday, March 27th. Pebblebrook Hotel Trust’s dividend payout ratio is currently -3.92%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. StockNews.com upgraded Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Wednesday. Truist Financial boosted their target price on Pebblebrook Hotel Trust from $15.00 to $16.00 and gave the company a “hold” rating in a report on Thursday, January 18th. Compass Point reaffirmed a “neutral” rating and set a $17.00 price target on shares of Pebblebrook Hotel Trust in a report on Thursday, March 28th. Finally, Bank of America cut shares of Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.50 price objective on the stock. in a research note on Monday, January 8th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $14.78.

Insider Transactions at Pebblebrook Hotel Trust

In other Pebblebrook Hotel Trust news, insider Thomas Charles Fisher sold 11,441 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $15.62, for a total transaction of $178,708.42. Following the sale, the insider now directly owns 254,449 shares in the company, valued at $3,974,493.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.40% of the company’s stock.

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.