Pebblebrook Hotel Trust Declares Quarterly Dividend of $0.01 (NYSE:PEB)

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) declared a quarterly dividend on Friday, March 14th, NASDAQ Dividends reports. Stockholders of record on Monday, March 31st will be paid a dividend of 0.01 per share by the real estate investment trust on Tuesday, April 15th. This represents a $0.04 annualized dividend and a dividend yield of 0.37%. The ex-dividend date is Monday, March 31st.

Pebblebrook Hotel Trust has raised its dividend by an average of 10.1% annually over the last three years. Pebblebrook Hotel Trust has a payout ratio of -10.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Pebblebrook Hotel Trust to earn $1.47 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 2.7%.

Pebblebrook Hotel Trust Price Performance

Pebblebrook Hotel Trust stock traded up $0.18 during trading hours on Wednesday, hitting $10.72. 1,080,770 shares of the company traded hands, compared to its average volume of 2,144,937. The firm's 50-day simple moving average is $12.53 and its two-hundred day simple moving average is $12.98. Pebblebrook Hotel Trust has a 1-year low of $10.31 and a 1-year high of $16.19. The firm has a market cap of $1.28 billion, a P/E ratio of -36.98, a P/E/G ratio of 0.60 and a beta of 1.87. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78.

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Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Compass Point downgraded shares of Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $17.00 to $15.00 in a research note on Monday, March 10th. Wells Fargo & Company reduced their price objective on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 18th. Raymond James set a $14.00 target price on Pebblebrook Hotel Trust and gave the company an "outperform" rating in a research note on Thursday, February 27th. Wedbush lowered Pebblebrook Hotel Trust from a "neutral" rating to an "underperform" rating and set a $13.00 price objective for the company. in a research report on Thursday, January 2nd. Finally, Stifel Nicolaus upgraded shares of Pebblebrook Hotel Trust from a "hold" rating to a "buy" rating and upped their target price for the company from $14.75 to $15.00 in a research report on Friday, November 22nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $13.86.

Pebblebrook Hotel Trust Company Profile

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.