Pebblebrook Hotel Trust (PEB) declares a dividend of $0.01

Pebblebrook Hotel Trust said on March 15, 2023 that its board declared a regular quarterly dividend of $0.01 per share ($0.04 annualized). Previously, the company paid $0.01 per share.

Shares must be purchased before the ex-div date of March 30, 2023 to be eligible for the dividend. Shareholders of record as of March 31, 2023 will receive payment on April 17, 2023.

At the current share price of $13.60/share, the dividend yield of the stock is 0.29%. Looking back five years and taking a sample each week, the average dividend yield was 2.17%, the low 0.16% and the high 10.05%. The standard deviation of returns is 2.42 (n=237).

The current dividend yield is 0.77 standard deviations below the historical average.

Additionally, the company’s dividend payout ratio is -0.06. The payout ratio tells us how much of a company’s income is paid out as dividends. A payout ratio of one (1.0) means that 100% of the company’s income is paid out as dividends. A payout ratio above one means the company is dipping into its savings to maintain its dividend, which is not a healthy situation. Companies with little growth prospects should pay most of their income in the form of dividends, which generally means a payout ratio between 0.5 and 1.0. Companies with good growth prospects should retain part of their profits in order to invest in these growth prospects, which translates into a payout ratio of zero to 0.5.

The company has not increased its dividend in the past three years.

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Analyst price forecast suggests 27.50% upside

As of March 17, 2023, the one-year average price target for Pebblebrook Hotel Trust was $17.34. The forecast ranges from a low of $12.12 to a high of $29.40. The average price target represents a 27.50% increase from its last reported closing price of $13.60.

Check out our ranking of the companies with the biggest upward price target.

Projected annual revenue for Pebblebrook Hotel Trust is $1,529 million, an increase of 9.85%. Projected annual non-GAAP EPS is $0.13.

What is fund sentiment?

There are 608 funds or institutions reporting positions in Pebblebrook Hotel Trust. This is a decrease of 21 owner(s) or 3.34% in the last quarter. Average portfolio weight of all funds dedicated to PEB is 0.14%, a decrease of 12.55%. The total number of shares held by institutions has increased over the past three months by 3.03% to 174,532,000 shares. PEB’s put/call ratio is 1.07, indicating a bearish outlook.

What do major shareholders do?

Wellington Management Group Llp holds 8,320,000 shares representing 6.60% ownership of the company. In its previous filing, the company stated that it holds 7,573,000 shares, representing
a raise
of 8.98%. The company

decreases

its portfolio allocation in PEB of 4.55% over the last quarter.

Earnest Partners holds 5,997,000 shares representing 4.76% ownership of the company. In its previous filing, the company said it held 6,195,000 shares, representing
a decrease
of 3.29%. The company

decreases

its portfolio allocation in PEB of 18.48% over the last quarter.

VGSIX – Vanguard Real Estate Index Fund Investor Shares owns 5,959,000 shares representing 4.73% ownership of the company. In its previous filing, the company said it held 6,031,000 shares, representing
a decrease
1.22%. The company

decreases

its portfolio allocation in PEB of 2.44% over the last quarter.

Principal Financial Group holds 5,140,000 shares representing 4.08% ownership of the company. In its previous filing, the company said it held 5,324,000 shares, representing
a decrease
of 3.57%. The company

decreases

its portfolio allocation in PEB of 15.58% over the last quarter.

T. Rowe Price Investment Management owns 5,029,000 shares representing 3.99% ownership of the company. In its previous filing, the company stated that it holds 4,283,000 shares, representing
a raise
of 14.83%. The company

increase

its portfolio allocation in PEB of 4.06% over the last quarter.

General information about the Pebblebrook Hotel Trust
(This description is provided by the company.)

Pebblebrook Hotel Trust is a publicly traded real estate investment trust established in December 2009 to opportunistically acquire and invest in upscale, full-service hotels and resorts located in or near the urban markets of major hub cities. UNITED STATES.

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.