Equities analysts expect Pebblebrook Hotel Trust (NYSE:PEB) to report earnings of $0.43 per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Pebblebrook Hotel Trust’s earnings, with the highest EPS estimate coming in at $0.47 and the lowest estimate coming in at $0.41. Pebblebrook Hotel Trust reported earnings of $0.20 per share during the same quarter last year, which would indicate a positive year over year growth rate of 115%. The business is scheduled to issue its next quarterly earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Pebblebrook Hotel Trust will report full-year earnings of $2.51 per share for the current financial year, with EPS estimates ranging from $2.49 to $2.56. For the next year, analysts anticipate that the company will report earnings of $2.60 per share, with EPS estimates ranging from $2.50 to $2.71. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that follow Pebblebrook Hotel Trust.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings data on Monday, October 23rd. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.49. The business had revenue of $201.80 million during the quarter, compared to analysts’ expectations of $198.11 million. Pebblebrook Hotel Trust had a net margin of 12.98% and a return on equity of 6.63%. The business’s revenue was down 3.4% on a year-over-year basis. During the same period last year, the firm posted ($0.61) earnings per share.

PEB has been the subject of a number of research analyst reports. Boenning Scattergood reiterated a “hold” rating on shares of Pebblebrook Hotel Trust in a research report on Wednesday, October 25th. BidaskClub downgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Robert W. Baird set a $35.00 price target on shares of Pebblebrook Hotel Trust and gave the company a “hold” rating in a report on Wednesday, October 25th. Goldman Sachs Group, Inc. (The) downgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to a “sell” rating and cut their price target for the company from $27.00 to $26.00 in a report on Wednesday, August 2nd. Finally, BTIG Research upgraded shares of Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Friday, September 22nd. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. Pebblebrook Hotel Trust has an average rating of “Hold” and a consensus target price of $35.94.

A number of hedge funds and other institutional investors have recently modified their holdings of PEB. Vanguard Group Inc. lifted its position in shares of Pebblebrook Hotel Trust by 0.3% in the second quarter. Vanguard Group Inc. now owns 11,287,224 shares of the real estate investment trust’s stock worth $363,900,000 after purchasing an additional 38,873 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Pebblebrook Hotel Trust by 156.1% in the second quarter. Principal Financial Group Inc. now owns 2,516,668 shares of the real estate investment trust’s stock worth $81,137,000 after purchasing an additional 1,533,874 shares in the last quarter. State Street Corp lifted its position in shares of Pebblebrook Hotel Trust by 0.8% in the second quarter. State Street Corp now owns 2,386,186 shares of the real estate investment trust’s stock worth $76,928,000 after purchasing an additional 19,242 shares in the last quarter. Northern Trust Corp lifted its position in shares of Pebblebrook Hotel Trust by 1.1% in the second quarter. Northern Trust Corp now owns 1,576,019 shares of the real estate investment trust’s stock worth $50,811,000 after purchasing an additional 17,759 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its position in shares of Pebblebrook Hotel Trust by 6.8% in the third quarter. Macquarie Group Ltd. now owns 1,173,896 shares of the real estate investment trust’s stock worth $42,424,000 after purchasing an additional 74,849 shares in the last quarter.

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Shares of Pebblebrook Hotel Trust (PEB) traded down $0.01 during trading hours on Friday, reaching $36.95. 690,300 shares of the company were exchanged, compared to its average volume of 784,272. The company has a market capitalization of $2,550.00, a PE ratio of 13.90, a price-to-earnings-growth ratio of 1.55 and a beta of 1.21. Pebblebrook Hotel Trust has a 1 year low of $26.21 and a 1 year high of $37.63. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.56.

Pebblebrook Hotel Trust declared that its Board of Directors has initiated a share buyback plan on Thursday, July 27th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the real estate investment trust to reacquire up to 4.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

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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Earnings History and Estimates for Pebblebrook Hotel Trust (NYSE:PEB)

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