Pebblebrook Hotel Trust (PEB) Expected to Announce Quarterly Earnings on Wednesday

Pebblebrook Hotel Trust (NYSE:PEB) is expected 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 registering for the company’s conference call can do so using this link.

Pebblebrook Hotel Trust Stock Performance

NYSE:PEB opened at $11.78 on Tuesday. The company has a market cap of $1.41 billion, a price-to-earnings ratio of -40.60, a PEG ratio of 0.60 and a beta of 1.85. Pebblebrook Hotel Trust has a fifty-two week low of $11.65 and a fifty-two week high of $16.61. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a fifty day moving average price of $13.26 and a 200-day moving average price of $13.13.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.34%. The ex-dividend date was Tuesday, December 31st. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is currently -13.79%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on PEB shares. Truist Financial reduced their target price on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. Robert W. Baird reduced their target price on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Stifel Nicolaus raised Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and increased their target price for the stock from $14.75 to $15.00 in a report on Friday, November 22nd. Compass Point raised Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Thursday, November 21st. Finally, Wells Fargo & Company reduced their target price on 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. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $14.17.

Pebblebrook Hotel Trust Company Profile

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.