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

Pebblebrook Hotel Trust (NYSE:PEB) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.08 to $0.11 for the period, compared to the consensus estimate of $0.19.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. StockNews.com lowered shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Truist Financial decreased their target price on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating for the company in a research note on Monday, October 28th. Wells Fargo & Company dropped their price target on Pebblebrook Hotel Trust from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Friday, September 13th. Finally, Robert W. Baird reduced their price objective on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $13.75.

Pebblebrook Hotel Trust Stock Performance

PEB stock traded up $0.12 during midday trading on Thursday, hitting $13.26. The stock had a trading volume of 2,001,143 shares, compared to its average volume of 1,672,962. Pebblebrook Hotel Trust has a 52 week low of $11.39 and a 52 week high of $16.65. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.78. The stock has a 50-day simple moving average of $12.88 and a 200 day simple moving average of $13.46. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of -11.95, a P/E/G ratio of 0.57 and a beta of 1.85.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.01 per share. The ex-dividend date was Monday, September 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.30%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is currently -3.64%.

Insider Buying and Selling

In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz purchased 22,000 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was purchased at an average price of $12.21 per share, for a total transaction of $268,620.00. Following the completion of the purchase, the chief executive officer now directly owns 1,341,284 shares in the company, valued at approximately $16,377,077.64. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.60% 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.