Pebblebrook Hotel Trust (NYSE:PEB) Releases Quarterly Earnings Results, Misses Expectations By $0.48 EPS

Pebblebrook Hotel Trust (NYSE:PEB) issued its quarterly earnings results on Tuesday. The real estate investment trust reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.48), RTT News reports. Pebblebrook Hotel Trust had a negative return on equity of 2.88% and a negative net margin of 5.84%. The company had revenue of $314.10 million for the quarter, compared to analyst estimates of $304.34 million. During the same period in the prior year, the business earned $0.18 earnings per share. Pebblebrook Hotel Trust’s revenue for the quarter was up 2.7% compared to the same quarter last year.

Pebblebrook Hotel Trust Stock Down 3.8 %

PEB opened at $15.00 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.46 and a quick ratio of 0.97. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of -14.71, a price-to-earnings-growth ratio of 0.71 and a beta of 1.86. The business has a 50-day moving average of $15.63 and a two-hundred day moving average of $14.67. Pebblebrook Hotel Trust has a 12 month low of $11.39 and a 12 month high of $16.65.

Pebblebrook Hotel Trust Dividend Announcement

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

Insider Buying and Selling at Pebblebrook Hotel Trust

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on PEB shares. Truist Financial lifted their price target on 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 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. Compass Point reaffirmed a “neutral” rating and set a $17.00 price target on shares of Pebblebrook Hotel Trust in a research note on Thursday, March 28th. Finally, StockNews.com raised Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $14.78.

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.