Pebblebrook Hotel Trust (NYSE:PEB) Stock Price Target Raised at Wells Fargo & Company

Key Points

• Wells Fargo raised Pebblebrook Hotel Trust’s price target from $19 to $20 while maintaining an “equal weight” rating, implying 4.61% downside from the prior close.
• Analyst sentiment remains mixed: the stock has an average “Hold” rating and an average price target of $18.27, despite upgrades from Truist, Zacks Research, and Raymond James.
• PEB shares rose $0.58 to $20.97, near their 12-month high of $21.26. The company recently exceeded quarterly EPS expectations, reporting $0.68 versus the $0.12 consensus estimate.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) had its price target raised by research analysts at Wells Fargo & Company from $19.00 to $20.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has an "equal weight" rating on the real estate investment trust's stock. Wells Fargo & Company's target price would indicate a potential downside of 4.61% from the company's previous close.

A number of other equities research analysts also recently issued reports on PEB. Truist Financial boosted their price target on shares of Pebblebrook Hotel Trust from $17.00 to $22.00 and gave the company a "buy" rating in a research note on Monday, June 29th. Zacks Research raised shares of Pebblebrook Hotel Trust from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 20th. Raymond James Financial lifted their target price on shares of Pebblebrook Hotel Trust from $18.00 to $20.00 and gave the company an "outperform" rating in a report on Monday, September 28th. Barclays cut their target price on Pebblebrook Hotel Trust from $15.00 to $14.00 and set an "underweight" rating on the stock in a research report on Thursday, August 27th. Finally, Evercore set a $21.00 price target on Pebblebrook Hotel Trust in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $18.27.

Pebblebrook Hotel Trust Price Performance

PEB stock traded up $0.58 during trading on Monday, hitting $20.97. The stock had a trading volume of 136,705 shares, compared to its average volume of 2,381,960. Pebblebrook Hotel Trust has a twelve month low of $9.99 and a twelve month high of $21.26. The company's 50-day moving average price is $18.67 and its two-hundred day moving average price is $17.42. 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 stock has a market capitalization of $2.37 billion, a P/E ratio of -30.42, a PEG ratio of 1.38 and a beta of 1.43.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last announced its earnings results on Wednesday, July 29th. The real estate investment trust reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.56. The business had revenue of $407.14 million during the quarter, compared to analysts' expectations of $400.05 million. Pebblebrook Hotel Trust had a negative return on equity of 1.83% and a negative net margin of 3.11%. The business's revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.65 earnings per share. 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. As a group, research analysts predict that Pebblebrook Hotel Trust will post 1.72 EPS for the current fiscal year.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Institutional investors and hedge funds have recently modified their holdings of the company. Cim Investment Management Inc. increased its position in Pebblebrook Hotel Trust by 7.3% in the 2nd quarter. Cim Investment Management Inc. now owns 13,180 shares of the real estate investment trust's stock valued at $256,000 after acquiring an additional 893 shares during the period. Sequoia Financial Advisors LLC raised its stake in Pebblebrook Hotel Trust by 9.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 11,001 shares of the real estate investment trust's stock valued at $214,000 after acquiring an additional 910 shares in the last quarter. Corient Private Wealth LP boosted its position in Pebblebrook Hotel Trust by 1.3% during the 2nd quarter. Corient Private Wealth LP now owns 77,931 shares of the real estate investment trust's stock worth $1,513,000 after acquiring an additional 1,024 shares during the period. GAMMA Investing LLC boosted its position in Pebblebrook Hotel Trust by 10.5% during the 2nd quarter. GAMMA Investing LLC now owns 11,876 shares of the real estate investment trust's stock worth $231,000 after acquiring an additional 1,130 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in Pebblebrook Hotel Trust by 23.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,282 shares of the real estate investment trust's stock worth $118,000 after acquiring an additional 1,185 shares during the period.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust NYSE: PEB is a publicly traded real estate investment trust that owns and invests in upscale, full-service hotels and resorts in the United States. The company focuses on acquiring, developing, and repositioning lodging properties in major urban and resort destinations.

Its portfolio includes hotels operating under a variety of national, regional, and independent brands. Pebblebrook generally owns the underlying real estate while hotels are operated through management agreements, providing lodging accommodations, food and beverage services, meeting and event facilities, and other guest amenities.

Founded in 2009, Pebblebrook Hotel Trust has emphasized properties in markets with strong tourism, business travel, and cultural or recreational appeal.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.