Pebblebrook Hotel Trust (NYSE:PEB) Issues Q4 2024 Earnings Guidance

Pebblebrook Hotel Trust (NYSE:PEB) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.080-0.110 for the period, compared to the consensus estimate of 0.190. The company issued revenue guidance of -. Pebblebrook Hotel Trust also updated its FY 2024 guidance to 1.570-1.600 EPS.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Wells Fargo & Company cut their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Friday, September 13th. Truist Financial decreased their price target on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating on the stock in a report on Monday, October 28th. Robert W. Baird dropped their price objective on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Finally, StockNews.com lowered Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat, Pebblebrook Hotel Trust has an average rating of “Hold” and an average target price of $14.30.

Pebblebrook Hotel Trust Trading Down 2.3 %

Shares of PEB stock traded down $0.31 during mid-day trading on Friday, reaching $12.95. The company’s stock had a trading volume of 2,351,895 shares, compared to its average volume of 1,676,093. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $1.56 billion, a PE ratio of -44.66, a price-to-earnings-growth ratio of 0.62 and a beta of 1.85. The company’s 50 day simple moving average is $12.88 and its 200-day simple moving average is $13.43. 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend was Monday, September 30th. Pebblebrook Hotel Trust’s dividend payout ratio is presently -13.79%.

Insider Activity at Pebblebrook Hotel Trust

In other news, CEO Jon E. Bortz acquired 22,000 shares of the stock in a transaction on Tuesday, August 13th. The stock was bought at an average price of $12.21 per share, with a total value of $268,620.00. Following the completion of the transaction, the chief executive officer now directly owns 1,341,284 shares of the company’s stock, valued at $16,377,077.64. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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.