Analysts Set Pebblebrook Hotel Trust (NYSE:PEB) Price Target at $14.78

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) has received a consensus rating of "Reduce" from the eight ratings firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $14.78.

Several equities analysts recently weighed in on the company. Wells Fargo & Company raised their price objective on Pebblebrook Hotel Trust from $14.00 to $16.00 and gave the company an "equal weight" rating in a research note on Friday, December 22nd. Truist Financial lifted their price target on Pebblebrook Hotel Trust from $15.00 to $16.00 and gave the stock a "hold" rating in a research note on Thursday, January 18th. Bank of America downgraded shares of Pebblebrook Hotel Trust from a "neutral" rating to an "underperform" rating and set a $13.50 target price for the company. in a report on Monday, January 8th. Finally, Compass Point reaffirmed a "neutral" rating and issued a $17.00 price target on shares of Pebblebrook Hotel Trust in a report on Thursday, March 28th.

Insider Transactions at Pebblebrook Hotel Trust

In related news, insider Thomas Charles Fisher sold 11,441 shares of the firm's stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $15.62, for a total value of $178,708.42. Following the sale, the insider now directly owns 254,449 shares of the company's stock, valued at $3,974,493.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.40% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Principal Securities Inc. acquired a new stake in Pebblebrook Hotel Trust during the fourth quarter worth about $64,000. Allspring Global Investments Holdings LLC raised its holdings in Pebblebrook Hotel Trust by 13.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,687 shares of the real estate investment trust's stock valued at $104,000 after buying an additional 884 shares during the period. Tower Research Capital LLC TRC raised its holdings in Pebblebrook Hotel Trust by 76.3% in the second quarter. Tower Research Capital LLC TRC now owns 7,525 shares of the real estate investment trust's stock valued at $105,000 after buying an additional 3,256 shares during the period. XTX Topco Ltd acquired a new position in Pebblebrook Hotel Trust during the first quarter valued at approximately $142,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Pebblebrook Hotel Trust in the third quarter worth about $148,000.

Pebblebrook Hotel Trust Stock Performance

NYSE PEB traded down $0.22 during trading hours on Tuesday, hitting $15.16. 1,288,648 shares of the stock were exchanged, compared to its average volume of 1,573,558. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.81. The company has a market cap of $1.82 billion, a price-to-earnings ratio of -15.63, a price-to-earnings-growth ratio of 0.70 and a beta of 1.86. Pebblebrook Hotel Trust has a 12-month low of $11.39 and a 12-month high of $16.65. The stock has a 50-day moving average of $15.75 and a 200 day moving average of $14.49.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last released its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.06. The company had revenue of $334.10 million for the quarter, compared to analysts' expectations of $325.42 million. Pebblebrook Hotel Trust had a negative return on equity of 2.65% and a negative net margin of 5.49%. The firm's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.20 EPS. As a group, equities research analysts forecast that Pebblebrook Hotel Trust will post 1.57 earnings per share for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.26%. The ex-dividend date is Wednesday, March 27th. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is -4.12%.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust NYSE: PEB is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels and resorts in the United States. The Company owns 47 hotels and resorts, totaling approximately 12,200 guest rooms across 13 urban and resort markets.