Pebblebrook Hotel Trust (NYSE:PEB) Releases FY 2024 Earnings Guidance

Pebblebrook Hotel Trust (NYSE:PEB) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 1.490-1.610 for the period, compared to the consensus estimate of 1.590. The company issued revenue guidance of -. Pebblebrook Hotel Trust also updated its FY24 guidance to $1.49-1.61 EPS.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Compass Point reissued a neutral rating and set a $17.00 price objective on shares of Pebblebrook Hotel Trust in a report on Thursday, March 28th. Truist Financial raised their price objective on Pebblebrook Hotel Trust from $15.00 to $16.00 and gave the company a hold rating in a report on Thursday, January 18th. Finally, Bank of America cut Pebblebrook Hotel Trust from a neutral rating to an underperform rating and set a $13.50 price objective on the stock. in a report on Monday, January 8th. Three equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $14.78.

Pebblebrook Hotel Trust Trading Up 1.2 %

Shares of PEB stock traded up $0.18 during trading hours on Wednesday, reaching $15.63. The company’s stock had a trading volume of 2,291,775 shares, compared to its average volume of 1,548,388. The stock has a market capitalization of $1.88 billion, a P/E ratio of -16.03, a P/E/G ratio of 0.69 and a beta of 1.86. Pebblebrook Hotel Trust has a one year low of $11.39 and a one year high of $16.65. The firm’s fifty day simple moving average is $15.65 and its 200 day simple moving average is $14.66. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.81.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.48). The business had revenue of $314.10 million during the quarter, compared to the consensus estimate of $304.34 million. Pebblebrook Hotel Trust had a negative return on equity of 2.65% and a negative net margin of 5.49%. Pebblebrook Hotel Trust’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.18 earnings per share. Equities research analysts expect that Pebblebrook Hotel Trust will post 1.57 EPS for the current year.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given 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 is currently -4.12%.

Insider Transactions at Pebblebrook Hotel Trust

In related news, insider Thomas Charles Fisher sold 11,441 shares of Pebblebrook Hotel Trust stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $15.62, for a total transaction of $178,708.42. Following the sale, the insider now directly owns 254,449 shares in the company, valued at $3,974,493.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.40% of the company’s stock.

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.