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

Pebblebrook Hotel Trust (NYSE:PEB) posted 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. The company had revenue of $314.10 million during the quarter, compared to analysts’ expectations of $304.34 million. Pebblebrook Hotel Trust had a negative return on equity of 2.65% and a negative net margin of 5.49%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.18 EPS.

Pebblebrook Hotel Trust Stock Performance

PEB stock opened at $15.45 on Wednesday. The company has a market cap of $1.86 billion, a P/E ratio of -15.93, a price-to-earnings-growth ratio of 0.69 and a beta of 1.86. Pebblebrook Hotel Trust has a 1 year low of $11.39 and a 1 year high of $16.65. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.97 and a quick ratio of 0.97. The stock’s fifty day moving average price is $15.65 and its 200-day moving average price is $14.66.

Pebblebrook Hotel Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.26%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is currently -4.12%.

Analyst Upgrades and Downgrades

Several analysts have commented on PEB shares. Compass Point reiterated a “neutral” rating and set a $17.00 target price on shares of Pebblebrook Hotel Trust in a research note on Thursday, March 28th. Truist Financial increased their target price on Pebblebrook Hotel Trust from $15.00 to $16.00 and gave the company a “hold” rating in a research note on Thursday, January 18th. Finally, Bank of America downgraded Pebblebrook Hotel Trust from a “neutral” rating to an “underperform” rating and set a $13.50 target price on the stock. in a research note on Monday, January 8th. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $14.78.

Insider Transactions at Pebblebrook Hotel Trust

In related news, insider Thomas Charles Fisher sold 11,441 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $15.62, for a total value of $178,708.42. Following the transaction, the insider now directly owns 254,449 shares of the company’s stock, valued at approximately $3,974,493.38. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 2.40% of the company’s stock.

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.