Pebblebrook Hotel Trust (NYSE:PEB) Issues Earnings Results

Pebblebrook Hotel Trust (NYSE:PEB) released its quarterly earnings results on Wednesday. The real estate investment trust reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.08, Zacks reports. Pebblebrook Hotel Trust had a net margin of 0.25% and a return on equity of 0.13%.

Pebblebrook Hotel Trust Price Performance

Shares of Pebblebrook Hotel Trust stock traded up $0.24 on Wednesday, hitting $11.77. 3,269,867 shares of the company traded hands, compared to its average volume of 1,935,523. 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 business has a 50-day simple moving average of $13.14 and a 200 day simple moving average of $13.12. Pebblebrook Hotel Trust has a 52 week low of $11.47 and a 52 week high of $16.61. The stock has a market capitalization of $1.41 billion, a P/E ratio of -40.58, a price-to-earnings-growth ratio of 0.60 and a beta of 1.85.

Pebblebrook Hotel Trust Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PEB. Truist Financial decreased 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. StockNews.com raised Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Tuesday. Compass Point raised shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 target price for the company in a report on Thursday, November 21st. Robert W. Baird lowered their price target on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Finally, Wells Fargo & Company reduced their price objective on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Pebblebrook Hotel Trust presently has an average rating of “Hold” and an average 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.