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

Key Points

• Pebblebrook Hotel Trust declared a quarterly dividend of $0.01 per share, which will be paid on October 15th to investors of record as of September 30th.
• The company has a dividend payout ratio of -9.1%, indicating it relies on its balance sheet for covering dividends due to insufficient earnings.
• Pebblebrook's stock is currently trading at $11.58, with a market cap of $1.37 billion and a negative PE ratio of -19.97.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) announced a quarterly dividend on Monday, September 15th. Investors of record on Tuesday, September 30th will be given a dividend of 0.01 per share by the real estate investment trust on Wednesday, October 15th. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date is Tuesday, September 30th.

Pebblebrook Hotel Trust has a dividend payout ratio of -9.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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

NYSE PEB traded down $0.10 on Monday, reaching $11.58. The company's stock had a trading volume of 1,137,290 shares, compared to its average volume of 2,237,428. Pebblebrook Hotel Trust has a twelve month low of $7.41 and a twelve month high of $15.12. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a market cap of $1.37 billion, a PE ratio of -19.97 and a beta of 1.82. The firm's 50 day moving average is $10.60 and its two-hundred day moving average is $10.03.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last issued its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.59 by $0.06. The company had revenue of $407.54 million for the quarter, compared to the consensus estimate of $398.77 million. Pebblebrook Hotel Trust had a negative return on equity of 1.17% and a negative net margin of 2.20%.The firm's quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 EPS. Pebblebrook Hotel Trust has set its Q3 2025 guidance at 0.450-0.510 EPS. FY 2025 guidance at 1.470-1.590 EPS. As a group, sell-side analysts predict that Pebblebrook Hotel Trust will post 1.5 EPS for the current year.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of PEB. Envestnet Asset Management Inc. increased its position in shares of Pebblebrook Hotel Trust by 11.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 601,132 shares of the real estate investment trust's stock worth $6,089,000 after purchasing an additional 63,915 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Pebblebrook Hotel Trust during the 1st quarter worth approximately $510,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Pebblebrook Hotel Trust during the 4th quarter worth approximately $166,000. Nuveen Asset Management LLC boosted its stake in shares of Pebblebrook Hotel Trust by 82.3% during the 4th quarter. Nuveen Asset Management LLC now owns 2,345,333 shares of the real estate investment trust's stock worth $31,779,000 after acquiring an additional 1,058,664 shares during the period. Finally, Avantax Advisory Services Inc. boosted its stake in shares of Pebblebrook Hotel Trust by 81.4% during the 1st quarter. Avantax Advisory Services Inc. now owns 68,857 shares of the real estate investment trust's stock worth $698,000 after acquiring an additional 30,902 shares during the period.

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.

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