Pebblebrook Hotel Trust (PEB) Receives Daily Coverage Optimism Rating of 0.14
News headlines about Pebblebrook Hotel Trust (NYSE:PEB) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pebblebrook Hotel Trust earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.1243874614427 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern’s analysis:
- A Peek Inside Of My Durable Income Portfolio (seekingalpha.com)
- Pebblebrook Hotel Trust (PEB) Raised to “Buy” at BTIG Research (americanbankingnews.com)
- Contrasting Pebblebrook Hotel Trust (PEB) & Its Rivals (americanbankingnews.com)
- Lifestyle brands step in to fill the Kimpton void in Bay Area (travelweekly.com)
- Pebblebrook Hotel Trust : Declares Dividends for the Third Quarter 2017 (4-traders.com)
Shares of Pebblebrook Hotel Trust (PEB) opened at 34.73 on Friday. The firm’s 50-day moving average is $33.00 and its 200-day moving average is $31.42. Pebblebrook Hotel Trust has a 12-month low of $23.56 and a 12-month high of $35.11. The firm has a market cap of $2.39 billion, a PE ratio of 126.29 and a beta of 1.24.
Pebblebrook Hotel Trust (NYSE:PEB) last released its earnings results on Thursday, July 27th. The real estate investment trust reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.08. The company had revenue of $205.72 million during the quarter, compared to analysts’ expectations of $199.30 million. Pebblebrook Hotel Trust had a return on equity of 2.59% and a net margin of 5.09%. The business’s revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.81 EPS. Equities analysts expect that Pebblebrook Hotel Trust will post $1.07 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 4.38%. The ex-dividend date is Thursday, September 28th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is currently 506.68%.
Pebblebrook Hotel Trust announced that its board has initiated a stock buyback plan on Thursday, July 27th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to purchase up to 4.4% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.
PEB has been the topic of several analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $33.00 target price on shares of Pebblebrook Hotel Trust in a report on Friday, June 23rd. TheStreet raised shares of Pebblebrook Hotel Trust from a “c+” rating to a “b-” rating in a report on Thursday, June 22nd. Raymond James Financial, Inc. reaffirmed an “outperform” rating and issued a $35.00 target price (up previously from $32.00) on shares of Pebblebrook Hotel Trust in a report on Wednesday, June 28th. BidaskClub raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Finally, Barclays PLC reaffirmed a “buy” rating and issued a $35.00 target price on shares of Pebblebrook Hotel Trust in a report on Wednesday, June 28th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Pebblebrook Hotel Trust presently has a consensus rating of “Hold” and a consensus target price of $31.92.
About Pebblebrook Hotel Trust
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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