Fri Sep 20 13:17:12 UTC 2024: ## Pebblebrook Hotel Trust (PEB) Offers Lower-Than-Expected Q3 Earnings Guidance

**New York, NY (MarketBeat News) -** Pebblebrook Hotel Trust (NYSE: PEB) announced revised earnings guidance for the third quarter of 2024, signaling a potentially weaker-than-expected performance. The company predicts earnings per share (EPS) to be between $0.49 and $0.53, falling short of the consensus estimate of $0.52.

Despite this lowered guidance, the company’s revenue outlook remains unconfirmed. However, analysts are expecting a robust performance, with projected revenue of $396.29 million.

Shares of PEB opened at $14.11 on Friday. The company’s current ratio, quick ratio, and debt-to-equity ratio are 0.71, 0.71, and 0.78 respectively.

Pebblebrook Hotel Trust’s previous earnings report, released on July 24th, revealed a missed EPS estimate of $0.16, falling short of the projected $0.58. While the company reported $397.11 million in revenue, exceeding expectations by a slight margin, it also showcased a negative net margin of 6.75% and a negative return on equity of 3.40%.

Recent analyst reports have expressed mixed sentiment regarding Pebblebrook Hotel Trust. Truist Financial lowered their price target from $16.00 to $15.00, maintaining a hold rating, while Wells Fargo & Company decreased their target price from $15.00 to $13.00 with an equal weight rating. Additionally, StockNews.com downgraded the stock from hold to sell.

Overall, the consensus rating for Pebblebrook Hotel Trust currently stands at Hold, with a consensus price target of $13.92.

In a notable development, CEO Jon E. Bortz acquired 22,000 shares of the company’s stock on August 13th, reflecting confidence in the company’s future.

Pebblebrook Hotel Trust is a publicly traded REIT specializing in owning and operating urban and resort lifestyle hotels and resorts throughout the United States. The company owns 47 properties, comprising approximately 12,200 guest rooms across 13 key markets.

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