Somewhat Positive News Coverage Extremely Likely to Impact Pebblebrook Hotel Trust (PEB) Share Price
Media headlines about Pebblebrook Hotel Trust (NYSE:PEB) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pebblebrook Hotel Trust earned a media sentiment score of 0.25 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 93 out of 100, indicating that recent press coverage is extremely likely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern’s analysis:
- Goldman Sachs Cuts Rating On Pebblebrook Hotel Trust of Ben (PEB) To “Sell” (highlightpress.com)
- Equities Analysts Set Expectations for Pebblebrook Hotel Trust’s FY2017 Earnings (PEB) (americanbankingnews.com)
- Moscone Center project, renos test Pebblebrook in Q2 (hotelnewsnow.com)
- Pebblebrook Hotel Trust to Post Q3 2017 Earnings of $0.71 Per Share, Boenning Scattergood Forecasts (NYSE:PEB) (americanbankingnews.com)
- Pebblebrook Hotel Trust breached its 50 day moving average in a Bullish Manner : PEB-US : July 31, 2017 (finance.yahoo.com)
PEB has been the topic of a number of analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $33.00 target price on shares of Pebblebrook Hotel Trust in a research note on Friday, June 23rd. TheStreet raised shares of Pebblebrook Hotel Trust from a “c+” rating to a “b-” rating in a research note on Thursday, June 22nd. Boenning Scattergood reissued a “neutral” rating on shares of Pebblebrook Hotel Trust in a research note on Tuesday, April 18th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Pebblebrook Hotel Trust in a research note on Monday, April 10th. They set a “neutral” rating and a $27.00 price objective on the stock. Finally, BidaskClub raised shares of Pebblebrook Hotel Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $31.92.
Shares of Pebblebrook Hotel Trust (PEB) traded down 0.67% during mid-day trading on Thursday, reaching $32.72. 357,005 shares of the company traded hands. The firm has a 50-day moving average price of $32.94 and a 200 day moving average price of $30.56. Pebblebrook Hotel Trust has a 52 week low of $23.56 and a 52 week high of $34.38. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 112.83 and a beta of 1.24.
Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.08. The firm had revenue of $205.72 million for the quarter, compared to analyst estimates of $199.30 million. Pebblebrook Hotel Trust had a return on equity of 2.59% and a net margin of 5.09%. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period last year, the company earned $0.81 EPS. On average, analysts anticipate that Pebblebrook Hotel Trust will post $0.94 earnings per share for the current year.
Pebblebrook Hotel Trust announced that its board has initiated a stock repurchase program on Thursday, July 27th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to repurchase up to 4.4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.
The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.52 annualized dividend and a dividend yield of 4.65%. Pebblebrook Hotel Trust’s payout ratio is currently 506.68%.
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Pebblebrook Hotel Trust Company Profile
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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