Pebblebrook Hotel Trust (NYSE:PEB) Issues Q4 2024 Earnings Guidance

Pebblebrook Hotel Trust (NYSE:PEB) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.080-0.110 for the period, compared to the consensus estimate of 0.190. The company issued revenue guidance of -. Pebblebrook Hotel Trust also updated its FY 2024 guidance to 1.570-1.600 EPS.

Pebblebrook Hotel Trust Stock Performance

PEB traded down $0.31 during trading hours on Friday, hitting $12.95. 2,351,895 shares of the stock were exchanged, compared to its average volume of 1,676,093. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.71 and a quick ratio of 0.71. Pebblebrook Hotel Trust has a 12 month low of $11.39 and a 12 month high of $16.65. The stock has a 50-day simple moving average of $12.88 and a 200-day simple moving average of $13.43. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of -44.66, a price-to-earnings-growth ratio of 0.62 and a beta of 1.85.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend was Monday, September 30th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -13.79%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on PEB shares. Robert W. Baird cut their target price on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Truist Financial reduced their price objective on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Monday, October 28th. Wells Fargo & Company dropped their target price on Pebblebrook Hotel Trust from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Friday, September 13th. Finally, StockNews.com lowered shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, Pebblebrook Hotel Trust presently has a consensus rating of “Hold” and a consensus target price of $14.30.

Insider Buying and Selling at Pebblebrook Hotel Trust

In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz purchased 22,000 shares of the stock in a transaction dated Tuesday, August 13th. The shares were bought at an average cost of $12.21 per share, with a total value of $268,620.00. Following the completion of the acquisition, the chief executive officer now owns 1,341,284 shares of the company’s stock, valued at approximately $16,377,077.64. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.40% of the stock is owned by company insiders.

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.