Pebblebrook Hotel Trust (NYSE:PEB) to Issue $0.01 Quarterly Dividend

Pebblebrook Hotel Trust (NYSE:PEB) declared a quarterly dividend on Friday, March 14th, NASDAQ Dividends reports. Stockholders of record on Monday, March 31st will be given a dividend of 0.01 per share by the real estate investment trust on Tuesday, April 15th. This represents a $0.04 annualized dividend and a dividend yield of 0.37%. The ex-dividend date is Monday, March 31st.

Pebblebrook Hotel Trust has raised its dividend payment by an average of 10.1% annually over the last three years. Pebblebrook Hotel Trust has a payout ratio of -10.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Pebblebrook Hotel Trust to earn $1.47 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 2.7%.

Pebblebrook Hotel Trust Stock Up 2.4 %

PEB opened at $10.72 on Friday. The stock has a market cap of $1.28 billion, a PE ratio of -36.97, a P/E/G ratio of 0.60 and a beta of 1.87. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78. Pebblebrook Hotel Trust has a 52 week low of $10.31 and a 52 week high of $16.19. The business’s fifty day simple moving average is $12.63 and its 200 day simple moving average is $13.02.

Analyst Upgrades and Downgrades

PEB has been the topic of a number of research analyst reports. Wedbush cut Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.00 target price on the stock. in a research note on Thursday, January 2nd. Raymond James set a $14.00 target price on Pebblebrook Hotel Trust and gave the company an “outperform” rating in a research note on Thursday, February 27th. StockNews.com cut Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, March 5th. Compass Point lowered shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and cut their price target for the company from $17.00 to $15.00 in a research report on Monday, March 10th. Finally, Stifel Nicolaus upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating and upped their price target for the company from $14.75 to $15.00 in a research report on Friday, November 22nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Pebblebrook Hotel Trust currently has a consensus rating of “Hold” and a consensus target price of $13.86.

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.