Somewhat Positive News Coverage Somewhat Unlikely to Impact Pebblebrook Hotel Trust (PEB) Stock Price
News stories about Pebblebrook Hotel Trust (NYSE:PEB) have been trending somewhat positive on Tuesday, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Pebblebrook Hotel Trust earned a news impact score of 0.15 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 45.3310101127196 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Pebblebrook Hotel Trust Refinances Its Credit Facility and Term Loans (finance.yahoo.com)
- Pebblebrook Hotel Trust : PEB-US: Dividend Analysis : September 29th, 2017 (record date) : By the numbers : October 16, 2017 (finance.yahoo.com)
- Pebblebrook Hotel Trust (PEB) Scheduled to Post Earnings on Monday (americanbankingnews.com)
- Pebblebrook Hotel Trust’s (PEB) Hold Rating Reiterated at Stifel Nicolaus (americanbankingnews.com)
- Comparing Pebblebrook Hotel Trust (PEB) & Sunstone Hotel Investors (SHO) (americanbankingnews.com)
Shares of Pebblebrook Hotel Trust (PEB) opened at 37.21 on Tuesday. The firm has a market cap of $2.57 billion, a P/E ratio of 135.31 and a beta of 1.26. The stock’s 50 day moving average is $34.82 and its 200-day moving average is $32.44. Pebblebrook Hotel Trust has a 52-week low of $23.56 and a 52-week high of $37.63.
Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.08. Pebblebrook Hotel Trust had a return on equity of 2.59% and a net margin of 5.09%. The company had revenue of $205.72 million during the quarter, compared to analyst estimates of $199.30 million. During the same period in the previous year, the company earned $0.81 earnings per share. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. Equities analysts anticipate that Pebblebrook Hotel Trust will post $1.07 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date was Thursday, September 28th. Pebblebrook Hotel Trust’s dividend payout ratio is presently 506.68%.
Pebblebrook Hotel Trust announced that its board has initiated a share repurchase plan on Thursday, July 27th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to purchase up to 4.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.
Several analysts have issued reports on the stock. Robert W. Baird downgraded shares of Pebblebrook Hotel Trust from an “outperform” rating to a “neutral” rating and set a $34.00 price objective for the company. in a research report on Monday, October 2nd. Stifel Nicolaus reissued a “hold” rating and set a $31.50 price target on shares of Pebblebrook Hotel Trust in a research report on Thursday, October 12th. Zacks Investment Research raised shares of Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Janney Montgomery Scott raised shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and raised their price target for the stock from $31.00 to $40.00 in a research report on Wednesday, September 27th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $27.00 to $26.00 in a research report on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $35.06.
About Pebblebrook Hotel Trust
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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