Pebblebrook Hotel Trust (NYSE:PEB) Stock Now Rated "Hold" by Sell-Side Analysts

Key Points

• Analysts have a consensus “Hold” rating on Pebblebrook Hotel Trust: among 14 firms, six rate it Hold, five Buy or Strong Buy, and three Sell. The average 12-month price target is $18.27, below the shares’ reported $21.13 opening price.
• Pebblebrook reported a quarterly loss of $0.56 per share, missing the $0.03-per-share consensus, while revenue of $402.75 million beat estimates and rose 1% year over year.
• The company paid a quarterly dividend of $0.01 per share, equivalent to $0.04 annually and a reported yield of 0.2%.

Shares of Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) have received an average recommendation of "Hold" from the fourteen research firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation, three have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $18.27.

PEB has been the topic of several research reports. Cantor Fitzgerald raised their price target on shares of Pebblebrook Hotel Trust from $15.00 to $19.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 11th. Stifel Nicolaus set a $22.00 price objective on shares of Pebblebrook Hotel Trust in a research note on Monday, October 19th. LADENBURG THALM/SH SH increased their price objective on shares of Pebblebrook Hotel Trust from $19.00 to $21.00 and gave the company a "neutral" rating in a report on Friday, July 31st. Weiss Ratings raised shares of Pebblebrook Hotel Trust from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, October 8th. Finally, Wells Fargo & Company boosted their target price on Pebblebrook Hotel Trust from $19.00 to $20.00 and gave the stock an "equal weight" rating in a report on Monday, October 26th.

Pebblebrook Hotel Trust Stock Performance

Shares of NYSE:PEB opened at $21.13 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.38 and a quick ratio of 1.38. Pebblebrook Hotel Trust has a 1 year low of $10.44 and a 1 year high of $22.40. The firm has a market capitalization of $2.36 billion, a PE ratio of -24.01, a P/E/G ratio of 0.99 and a beta of 1.45. The business's 50 day moving average price is $19.30 and its 200-day moving average price is $16.30.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The real estate investment trust reported ($0.56) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.59). Pebblebrook Hotel Trust had a negative net margin of 4.55% and a negative return on equity of 2.73%. The firm had revenue of $402.75 million during the quarter, compared to analysts' expectations of $393.55 million. During the same quarter in the previous year, the business posted $0.51 EPS. The company's revenue for the quarter was up 1.0% on a year-over-year basis. As a group, equities research analysts expect that Pebblebrook Hotel Trust will post 1.76 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, September 30th. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is currently -4.55%.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Institutional investors have recently added to or reduced their stakes in the stock. Aberdeen Group plc increased its stake in shares of Pebblebrook Hotel Trust by 1,719.6% in the 3rd quarter. Aberdeen Group plc now owns 885,875 shares of the real estate investment trust's stock worth $16,619,000 after acquiring an additional 837,189 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Pebblebrook Hotel Trust by 85.2% during the 3rd quarter. Allworth Financial LP now owns 1,850 shares of the real estate investment trust's stock worth $36,000 after acquiring an additional 851 shares during the period. Fisher Asset Management LLC raised its holdings in shares of Pebblebrook Hotel Trust by 236.7% during the 3rd quarter. Fisher Asset Management LLC now owns 1,783,865 shares of the real estate investment trust's stock worth $33,465,000 after acquiring an additional 1,254,004 shares during the period. Maryland State Retirement & Pension System raised its holdings in shares of Pebblebrook Hotel Trust by 52.4% during the 3rd quarter. Maryland State Retirement & Pension System now owns 25,388 shares of the real estate investment trust's stock worth $476,000 after acquiring an additional 8,733 shares during the period. Finally, Illinois Municipal Retirement Fund boosted its position in shares of Pebblebrook Hotel Trust by 11.1% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 59,104 shares of the real estate investment trust's stock valued at $1,109,000 after acquiring an additional 5,923 shares during the last quarter.

Pebblebrook Hotel Trust Company Profile

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.