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

Pebblebrook Hotel Trust (NYSE:PEB) is projected to post its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect Pebblebrook Hotel Trust to post earnings of $0.12 per share and revenue of $331.90 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Pebblebrook Hotel Trust Price Performance

Pebblebrook Hotel Trust stock opened at $11.78 on Tuesday. 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 company has a market capitalization of $1.41 billion, a PE ratio of -40.60, a P/E/G ratio of 0.60 and a beta of 1.85. Pebblebrook Hotel Trust has a 12 month low of $11.65 and a 12 month high of $16.61. The stock has a 50-day moving average price of $13.26 and a two-hundred day moving average price of $13.13.

Pebblebrook Hotel Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.04 annualized dividend and a yield of 0.34%. Pebblebrook Hotel Trust’s dividend payout ratio is presently -13.79%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Robert W. Baird dropped their target price on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Truist Financial dropped their target price on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating for the company in a research report on Tuesday, February 4th. Compass Point upgraded Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Thursday, November 21st. Stifel Nicolaus upgraded Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and raised their price objective for the stock from $14.75 to $15.00 in a research report on Friday, November 22nd. Finally, Wells Fargo & Company lowered their price objective on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $14.17.

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.