Pebblebrook Hotel Trust (NYSE:PEB) Issues Q2 2024 Earnings Guidance

Pebblebrook Hotel Trust (NYSE:PEB) updated its second quarter 2024 earnings guidance on Tuesday. The company provided EPS guidance of 0.590-0.630 for the period, compared to the consensus EPS estimate of 0.560. The company issued revenue guidance of -. Pebblebrook Hotel Trust also updated its FY 2024 guidance to 1.490-1.610 EPS.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. StockNews.com raised shares of Pebblebrook Hotel Trust from a sell rating to a hold rating in a research note on Wednesday. Truist Financial increased their price target on shares of Pebblebrook Hotel Trust from $15.00 to $16.00 and gave the stock a hold rating in a research note on Thursday, January 18th. Bank of America downgraded shares of Pebblebrook Hotel Trust from a neutral rating to an underperform rating and set a $13.50 price target for the company. in a research note on Monday, January 8th. Finally, Compass Point restated a neutral rating and issued a $17.00 price objective on shares of Pebblebrook Hotel Trust in a report on Thursday, March 28th. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of $14.78.

Pebblebrook Hotel Trust Stock Down 3.8 %

Shares of NYSE:PEB traded down $0.60 during trading on Thursday, reaching $15.00. 3,488,428 shares of the stock traded hands, compared to its average volume of 1,583,958. The stock has a 50-day moving average of $15.63 and a two-hundred day moving average of $14.67. Pebblebrook Hotel Trust has a 52-week low of $11.39 and a 52-week high of $16.65. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market cap of $1.80 billion, a P/E ratio of -14.71, a price-to-earnings-growth ratio of 0.70 and a beta of 1.86.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.48). Pebblebrook Hotel Trust had a negative net margin of 5.84% and a negative return on equity of 2.85%. The firm had revenue of $314.10 million for the quarter, compared to analysts’ expectations of $304.34 million. During the same quarter in the previous year, the company earned $0.18 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, sell-side analysts expect that Pebblebrook Hotel Trust will post 1.57 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.04 dividend on an annualized basis and a yield of 0.27%. Pebblebrook Hotel Trust’s payout ratio is -3.92%.

Insider Buying and Selling at Pebblebrook Hotel Trust

In other news, insider Thomas Charles Fisher sold 11,441 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $15.62, for a total value of $178,708.42. Following the sale, the insider now owns 254,449 shares in the company, valued at $3,974,493.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.40% of the stock is currently owned by company insiders.

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.