Pebblebrook Hotel Trust (NYSE:PEB) to Post Q1 2021 Earnings of $0.07 Per Share, Capital One Financial Forecasts
Pebblebrook Hotel Trust (NYSE:PEB) – Stock analysts at Capital One Financial dropped their Q1 2021 earnings per share estimates for Pebblebrook Hotel Trust in a research report issued on Monday, June 29th. Capital One Financial analyst N. Malkin now anticipates that the real estate investment trust will post earnings per share of $0.07 for the quarter, down from their previous forecast of $0.14. Capital One Financial also issued estimates for Pebblebrook Hotel Trust’s Q3 2021 earnings at $0.46 EPS, Q1 2022 earnings at $0.30 EPS and FY2022 earnings at $1.98 EPS.
Pebblebrook Hotel Trust (NYSE:PEB) last released its earnings results on Thursday, May 7th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.15. The company had revenue of $269.11 million for the quarter, compared to analyst estimates of $258.72 million. Pebblebrook Hotel Trust had a net margin of 10.02% and a return on equity of 4.40%. The firm’s quarterly revenue was down 26.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.46 EPS.
Pebblebrook Hotel Trust stock opened at $13.66 on Tuesday. The firm has a market cap of $1.69 billion, a PE ratio of 15.01 and a beta of 1.69. Pebblebrook Hotel Trust has a 52-week low of $5.39 and a 52-week high of $29.57. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.75. The company’s 50 day moving average is $13.59 and its two-hundred day moving average is $17.64.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.01 dividend. The ex-dividend date is Monday, June 29th. This represents a $0.04 dividend on an annualized basis and a yield of 0.29%. Pebblebrook Hotel Trust’s payout ratio is 1.52%.
A number of institutional investors have recently added to or reduced their stakes in the stock. State Street Corp grew its holdings in Pebblebrook Hotel Trust by 5.4% in the first quarter. State Street Corp now owns 7,023,101 shares of the real estate investment trust’s stock valued at $76,548,000 after purchasing an additional 358,723 shares during the period. New Mexico Educational Retirement Board grew its stake in Pebblebrook Hotel Trust by 37.7% during the first quarter. New Mexico Educational Retirement Board now owns 31,067 shares of the real estate investment trust’s stock worth $338,000 after buying an additional 8,500 shares during the period. The Manufacturers Life Insurance Company grew its stake in Pebblebrook Hotel Trust by 3.5% during the first quarter. The Manufacturers Life Insurance Company now owns 266,602 shares of the real estate investment trust’s stock worth $2,903,000 after buying an additional 8,994 shares during the period. FDx Advisors Inc. purchased a new stake in Pebblebrook Hotel Trust during the first quarter worth approximately $325,000. Finally, Clearbridge Investments LLC grew its stake in Pebblebrook Hotel Trust by 26.9% during the first quarter. Clearbridge Investments LLC now owns 1,663,877 shares of the real estate investment trust’s stock worth $18,120,000 after buying an additional 352,421 shares during the period.
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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