Pebblebrook Hotel Trust (PEB) Set to Announce Quarterly Earnings on Thursday

Pebblebrook Hotel Trust (NYSE:PEB) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.52 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Pebblebrook Hotel Trust Stock Up 0.8 %

Shares of PEB stock opened at $12.20 on Wednesday. The stock has a 50 day moving average of $12.88 and a 200 day moving average of $13.46. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.78. The stock has a market cap of $1.47 billion, a P/E ratio of -11.09, a P/E/G ratio of 0.56 and a beta of 1.85. Pebblebrook Hotel Trust has a twelve month low of $11.39 and a twelve month high of $16.65.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.33%. The ex-dividend date was Monday, September 30th. Pebblebrook Hotel Trust’s dividend payout ratio is currently -3.64%.

Analyst Upgrades and Downgrades

PEB has been the subject of a number of recent analyst reports. StockNews.com cut Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company lowered their price objective on Pebblebrook Hotel Trust from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Friday, September 13th. Robert W. Baird decreased their price target on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Finally, Truist Financial cut their price objective on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating on the stock in a report on Monday, October 28th. Three investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat, Pebblebrook Hotel Trust presently has an average rating of “Hold” and a consensus price target of $13.75.

Insider Activity at Pebblebrook Hotel Trust

In related news, CEO Jon E. Bortz acquired 22,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was bought at an average cost of $12.21 per share, with a total value of $268,620.00. Following the transaction, the chief executive officer now owns 1,341,284 shares of the company’s stock, valued at $16,377,077.64. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.60% of the company’s stock.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels and resorts in the United States. The Company owns 47 hotels and resorts, totaling approximately 12,200 guest rooms across 13 urban and resort markets.