Pebblebrook Hotel Trust (NYSE:PEB) Cut to Hold at Zacks Research

Key Points

• Zacks Research downgraded Pebblebrook Hotel Trust from “strong buy” to “hold.” MarketBeat data shows an overall “hold” consensus, with an average price target of $17.44.
• PEB shares opened at $18.38, up 0.2%, with a 52-week range of $9.99 to $19.93 and a market capitalization of approximately $2.07 billion.
• The REIT reported quarterly EPS of $0.68, beating the $0.12 analyst consensus, while revenue of $407.14 million slightly exceeded estimates; institutional investors including Amundi and California State Teachers Retirement System significantly increased their holdings.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) was downgraded by equities research analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. Truist Financial lifted their price objective on Pebblebrook Hotel Trust from $17.00 to $22.00 and gave the stock a "buy" rating in a research note on Monday, June 29th. Wells Fargo & Company increased their target price on Pebblebrook Hotel Trust from $16.00 to $19.00 and gave the company an "equal weight" rating in a research note on Thursday, July 23rd. Stifel Nicolaus raised their target price on Pebblebrook Hotel Trust from $20.25 to $21.25 and gave the stock a "buy" rating in a report on Thursday, July 30th. Barclays boosted their target price on Pebblebrook Hotel Trust from $13.00 to $15.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 21st. Finally, LADENBURG THALM/SH SH upped their price target on Pebblebrook Hotel Trust from $19.00 to $21.00 and gave the company a "neutral" rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Pebblebrook Hotel Trust has an average rating of "Hold" and an average target price of $17.44.

Pebblebrook Hotel Trust Trading Up 0.2%

Shares of NYSE PEB opened at $18.38 on Tuesday. Pebblebrook Hotel Trust has a fifty-two week low of $9.99 and a fifty-two week high of $19.93. The firm has a market capitalization of $2.07 billion, a P/E ratio of -26.64, a P/E/G ratio of 1.26 and a beta of 1.40. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.34 and a quick ratio of 1.34. The company's 50 day simple moving average is $18.70 and its 200 day simple moving average is $15.59.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last released its earnings results on Wednesday, July 29th. The real estate investment trust reported $0.68 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.56. The firm had revenue of $407.14 million during the quarter, compared to analyst estimates of $400.05 million. Pebblebrook Hotel Trust had a negative net margin of 3.11% and a negative return on equity of 1.83%. The business's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.65 EPS. Pebblebrook Hotel Trust has set its Q3 2026 guidance at 0.480-0.520 EPS and its FY 2026 guidance at 1.690-1.760 EPS. On average, analysts predict that Pebblebrook Hotel Trust will post 1.7 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Amundi increased its holdings in shares of Pebblebrook Hotel Trust by 484.2% in the second quarter. Amundi now owns 495,647 shares of the real estate investment trust's stock worth $9,621,000 after acquiring an additional 410,804 shares in the last quarter. California State Teachers Retirement System lifted its holdings in shares of Pebblebrook Hotel Trust by 1,555.8% during the 2nd quarter. California State Teachers Retirement System now owns 2,471,572 shares of the real estate investment trust's stock valued at $47,973,000 after purchasing an additional 2,322,306 shares in the last quarter. Nykredit A S bought a new position in shares of Pebblebrook Hotel Trust during the 2nd quarter valued at about $51,000. Penn Capital Management Company LLC bought a new position in shares of Pebblebrook Hotel Trust during the 2nd quarter valued at about $1,182,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Pebblebrook Hotel Trust by 5.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 788,621 shares of the real estate investment trust's stock valued at $15,307,000 after purchasing an additional 41,249 shares during the period.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust NYSE: PEB is a real estate investment trust specializing in premium, high-barrier-to-entry hotel properties in gateway markets across the United States. Established in 2009, PEB focuses on lifestyle-oriented lodging assets that cater to business and leisure travelers seeking elevated experiences. The company's investment strategy emphasizes select-service and full-service hotels with established brands and prime urban or resort locations.

PEB's portfolio comprises more than 30 properties in major metropolitan areas including New York City, Los Angeles, Chicago, Miami and San Francisco.

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