Pebblebrook Hotel Trust (PEB) Scheduled to Post Earnings on Thursday
Pebblebrook Hotel Trust (NYSE:PEB) will be issuing its quarterly earnings data after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $0.78 per share for the quarter. Pebblebrook Hotel Trust has set its Q3 2019 guidance at $0.76-0.78 EPS and its FY 2019 guidance at $2.62-2.67 EPS.Parties that wish to register for the company’s conference call can do so using this link.
Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.02. Pebblebrook Hotel Trust had a negative net margin of 0.25% and a negative return on equity of 0.10%. The firm had revenue of $442.08 million during the quarter, compared to analysts’ expectations of $435.37 million. During the same period last year, the business earned $0.81 earnings per share. Pebblebrook Hotel Trust’s revenue was up 114.1% compared to the same quarter last year. On average, analysts expect Pebblebrook Hotel Trust to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of PEB opened at $26.59 on Tuesday. Pebblebrook Hotel Trust has a 1-year low of $25.64 and a 1-year high of $37.09. The stock has a market cap of $3.42 billion, a PE ratio of 10.85, a P/E/G ratio of 1.98 and a beta of 1.34. The firm has a 50-day simple moving average of $27.39 and a two-hundred day simple moving average of $28.56. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.28 and a quick ratio of 0.28.
A number of equities research analysts have weighed in on PEB shares. BTIG Research cut shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating in a research report on Thursday, August 15th. Raymond James dropped their price target on shares of Pebblebrook Hotel Trust from $33.00 to $31.00 and set an “outperform” rating for the company in a research report on Monday. Bank of America cut shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and dropped their price target for the company from $33.00 to $29.00 in a research report on Wednesday, July 17th. Capital One Financial started coverage on shares of Pebblebrook Hotel Trust in a research report on Tuesday, June 25th. They set an “overweight” rating and a $35.00 price target for the company. Finally, BMO Capital Markets started coverage on shares of Pebblebrook Hotel Trust in a research report on Wednesday, October 16th. They set a “market perform” rating and a $28.00 price target for the company. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. Pebblebrook Hotel Trust currently has an average rating of “Hold” and an average price target of $32.83.
Pebblebrook Hotel Trust Company Profile
Pebblebrook Hotel Trust is a publicly traded real estate investment trust (REIT) organized to opportunistically acquire and invest primarily in upper upscale, full-service hotels located in urban markets in major gateway cities. The Company owns 61 hotels, totaling approximately 14,600 guest rooms, located in 10 states and the District of Columbia, including: Del Mar, California; Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Santa Cruz, California; Washington, DC; Coral Gables, Florida; Key West, Florida; Naples, Florida; Buckhead, Georgia; Chicago, Illinois; Boston, Massachusetts; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.
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