Pebblebrook Hotel Trust (PEB) Scheduled to Post Quarterly Earnings on Thursday

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) 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 Price Performance

Shares of Pebblebrook Hotel Trust stock traded down $0.67 during trading on Thursday, reaching $11.98. 1,587,757 shares of the stock traded hands, compared to its average volume of 1,677,528. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of -10.89, a P/E/G ratio of 0.58 and a beta of 1.84. The business has a fifty day simple moving average of $12.94 and a two-hundred day simple moving average of $13.53. 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 52-week low of $11.39 and a 52-week high of $16.65.

Pebblebrook Hotel Trust Announces Dividend

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 $0.01 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.04 annualized dividend and a yield of 0.33%. Pebblebrook Hotel Trust's dividend payout ratio is currently -3.64%.

Insiders Place Their Bets

In other news, CEO Jon E. Bortz acquired 22,000 shares of the firm's stock in a transaction on Tuesday, August 13th. The stock was acquired at an average price of $12.21 per share, with a total value of $268,620.00. Following the completion of the purchase, the chief executive officer now directly owns 1,341,284 shares in the company, valued at approximately $16,377,077.64. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Jon E. Bortz acquired 22,000 shares of the firm's stock in a transaction on Tuesday, August 13th. The stock was acquired at an average price of $12.21 per share, with a total value of $268,620.00. Following the completion of the purchase, the chief executive officer now directly owns 1,341,284 shares in the company, valued at approximately $16,377,077.64. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jon E. Bortz acquired 66,000 shares of the firm's stock in a transaction on Monday, August 5th. The stock was purchased at an average cost of $11.98 per share, with a total value of $790,680.00. Following the purchase, the chief executive officer now owns 1,319,284 shares of the company's stock, valued at $15,805,022.32. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.40% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on PEB. Robert W. Baird dropped their price target on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday. Wells Fargo & Company dropped their price target on Pebblebrook Hotel Trust from $15.00 to $13.00 and set an "equal weight" rating for the company in a research report on Friday, September 13th. Truist Financial dropped their price target on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a "hold" rating for the company in a research report on Monday. Finally, StockNews.com lowered Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research report on Tuesday, October 22nd. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat, Pebblebrook Hotel Trust presently has an average rating of "Hold" and an average target price of $13.75.

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.