Brokerages expect Pebblebrook Hotel Trust (NYSE:PEB) to post quarterly sales of $232.07 million

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Wall Street brokers expect Pebblebrook Hotel Trust (NYSE:PEB – Get a rating) will bring in $232.07 million in sales for the current fiscal quarter, according to Zacks. Four analysts have made earnings estimates for Pebblebrook Hotel Trust. The highest sales estimate is $239.49 million and the lowest is $223.48 million. Pebblebrook Hotel Trust recorded sales of $83.64 million in the same quarter last year, indicating a positive growth rate of 177.5% year over year. The company is expected to release its next quarterly earnings report after the market closes on Monday, January 1.

On average, analysts expect Pebblebrook Hotel Trust to record annual sales of $1.20 billion for the current year, with estimates ranging from $1.17 billion to $1.24 billion. For the next fiscal year, analysts expect the company to record sales of $1.44 billion, with estimates ranging from $1.42 billion to $1.46 billion. Zacks Investment Research sales calculations are an average average based on a survey of research analysts who cover Pebblebrook Hotel Trust.

Pebblebrook Hotel Trust (NYSE: PEB – Get a rating) last released its quarterly earnings data on Tuesday, February 22. The real estate investment trust reported earnings per share of $0.06 for the quarter, beating the Zacks consensus estimate of ($0.37) by $0.43. The company posted revenue of $247.28 million for the quarter, versus analyst estimates of $241.86 million. Pebblebrook Hotel Trust posted a negative return on equity of 5.86% and a negative net margin of 25.22%. The company’s revenue for the quarter increased by 233.2% compared to the same quarter last year. In the same quarter a year earlier, the company posted ($0.50) earnings per share.

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A number of equity research analysts have commented on the company. UBS Group downgraded Pebblebrook Hotel Trust to a “neutral” rating in a Monday, January 10 research report. Sumitomo Mitsui Financial Group launched coverage on Pebblebrook Hotel Trust in a Wednesday, March 23 report. They issued an “outperform” rating and a price target of $27.00 on the stock. Raymond James upgraded the Pebblebrook Hotel Trust from a “market performer” rating to an “outperformer” rating and set a price target of $27.00 on the stock in a Monday, January 10 report. Bank of America downgraded Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and lowered its price target for the business from $26.00 to $24.00 in a Monday, Jan. 10, report. Finally, BMO Capital Markets upgraded Pebblebrook Hotel Trust from a “market performance” rating to an “outperform” rating and raised its price target for the business from $25.00 to $26.00 in a report for Friday 7 January. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned the company’s stock a buy rating. According to data from MarketBeat, Pebblebrook Hotel Trust currently has an average rating of “Hold” and a consensus target price of $26.00.

Hedge funds have recently changed their holdings in the company. Whittier Trust Co. bought a new stock position in Pebblebrook Hotel Trust during Q3 for a value of approximately $25,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stock position in Pebblebrook Hotel Trust during Q4 for a value of approximately $27,000. Confluence Wealth Services Inc. bought a new stock position in Pebblebrook Hotel Trust during Q4 for a value of approximately $27,000. Rockefeller Capital Management LP increased its stake in shares of Pebblebrook Hotel Trust by 845.8% during the 4th quarter. Rockefeller Capital Management LP now owns 1,239 shares of the real estate investment trust worth $27,000 after buying 1,108 more shares last quarter. Finally, Neo Ivy Capital Management bought a new position in shares of Pebblebrook Hotel Trust during the 4th quarter at a value of approximately $48,000.

NYSE: PEB opened at $23.88 on Wednesday. Pebblebrook Hotel Trust has a 52 week minimum of $19.35 and a 52 week maximum of $26.45. The company has a debt ratio of 0.77, a current ratio of 0.51 and a quick ratio of 0.51. The stock has a market capitalization of $3.14 billion, a P/E ratio of -13.27, a P/E/G ratio of 1.51 and a beta of 1.82. The company has a fifty-day simple moving average of $23.13.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 15. Shareholders of record on Thursday, March 31 will receive a dividend of $0.01 per share. The ex-dividend date is Wednesday, March 30. This represents a dividend of $0.04 on an annualized basis and a yield of 0.17%. Pebblebrook Hotel Trust’s payout ratio is -2.22%.

Company Profile Pebblebrook Hotel Trust (Get a rating)

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust (“REIT”) and the largest owner of city and resort hotels in the United States. The company owns 53 hotels, totaling approximately 13,200 rooms in 14 city and resort markets, with an emphasis on West Coast gateway cities.

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Earnings history and estimates for Pebblebrook Hotel Trust (NYSE:PEB)

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