Pebblebrook Hotel Trust (NYSE:PEB) Given News Impact Rating of 0.14
Media stories about Pebblebrook Hotel Trust (NYSE:PEB) have been trending somewhat positive on Saturday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pebblebrook Hotel Trust earned a news impact score of 0.14 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 46.5408934888823 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
- IHS Markit Score Update: Rise in demand for ETFs holding Pebblebrook Hotel Trust is a positive for its shares (finance.yahoo.com)
- Pebblebrook Hotel Trust (NYSE:PEB) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Pebblebrook Hotel Trust breached its 50 day moving average in a Bearish Manner : PEB-US : August 10, 2017 (finance.yahoo.com)
- Should Value Investors Pick Pebblebrook Hotel (PEB) Stock? (finance.yahoo.com)
Pebblebrook Hotel Trust (NYSE PEB) remained flat at $31.96 during midday trading on Friday. 548,415 shares of the company traded hands. The company has a market cap of $2.20 billion, a P/E ratio of 116.22 and a beta of 1.24. Pebblebrook Hotel Trust has a 1-year low of $23.56 and a 1-year high of $34.38. The firm’s 50-day moving average price is $32.80 and its 200 day moving average price is $30.71.
Pebblebrook Hotel Trust (NYSE:PEB) last announced its earnings results on Thursday, July 27th. The real estate investment trust reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.08. Pebblebrook Hotel Trust had a net margin of 21.23% and a return on equity of 10.38%. The company had revenue of $205.72 million for the quarter, compared to analysts’ expectations of $199.30 million. During the same period last year, the firm earned $0.81 earnings per share. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. Equities research analysts forecast that Pebblebrook Hotel Trust will post $1.03 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were issued a dividend of $0.38 per share. The ex-dividend date was Wednesday, June 28th. This represents a $1.52 annualized dividend and a dividend yield of 4.76%. Pebblebrook Hotel Trust’s dividend payout ratio is presently 506.68%.
Pebblebrook Hotel Trust declared that its Board of Directors has approved a stock buyback program on Thursday, July 27th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to purchase up to 4.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.
PEB has been the topic of several analyst reports. Boenning Scattergood reiterated a “neutral” rating on shares of Pebblebrook Hotel Trust in a research note on Tuesday, April 18th. Zacks Investment Research upgraded Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research note on Saturday, April 29th. ValuEngine upgraded Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub upgraded Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Finally, Stifel Nicolaus upped their price objective on Pebblebrook Hotel Trust from $30.00 to $31.50 and gave the company a “hold” rating in a research note on Wednesday, June 21st. Three research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $31.92.
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Pebblebrook Hotel Trust Company Profile
Pebblebrook Hotel Trust is an internally managed hotel investment company. The Company is a real estate investment trust (REIT) that acquires and invests in hotel properties located primarily in cities of the United States. As of December 31, 2016, the Company owned 29 hotels with a total of 7,219 guest rooms.
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