Pebblebrook Hotel Trust (NYSE:PEB) Receives $11.78 Consensus PT from Analysts

Key Points

• Pebblebrook Hotel Trust (NYSE: PEB) has received a consensus rating of "Reduce" from analysts, with three sell ratings, four hold ratings, and one buy rating.
• The company's shares are currently down 2.1%, trading at $9.93, and have a market capitalization of $1.18 billion.
• Pebblebrook Hotel Trust recently reported quarterly earnings of $0.65 per share, surpassing estimates, and generating revenue of $407.54 million, up 2.6% year-over-year.

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 stock, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $11.7778.

A number of equities analysts have recently commented on the stock. Stifel Nicolaus set a $13.00 price target on shares of Pebblebrook Hotel Trust and gave the stock a "buy" rating in a report on Wednesday, July 30th. Wells Fargo & Company reaffirmed a "negative" rating on shares of Pebblebrook Hotel Trust in a research note on Tuesday, July 1st. Evercore ISI increased their price objective on Pebblebrook Hotel Trust from $11.00 to $12.00 and gave the company an "in-line" rating in a research report on Monday, July 28th. Wedbush set a $9.00 target price on Pebblebrook Hotel Trust and gave the stock an "underperform" rating in a research note on Tuesday, May 6th. Finally, Truist Financial set a $9.00 price target on shares of Pebblebrook Hotel Trust and gave the stock a "hold" rating in a research note on Monday, June 2nd.

Institutional Trading of Pebblebrook Hotel Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in PEB. Alliancebernstein L.P. increased its position in shares of Pebblebrook Hotel Trust by 3.4% during the fourth quarter. Alliancebernstein L.P. now owns 161,726 shares of the real estate investment trust's stock worth $2,191,000 after acquiring an additional 5,246 shares during the period. Sterling Capital Management LLC raised its position in Pebblebrook Hotel Trust by 815.6% in the 4th quarter. Sterling Capital Management LLC now owns 3,763 shares of the real estate investment trust's stock valued at $51,000 after purchasing an additional 3,352 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Pebblebrook Hotel Trust in the 4th quarter valued at about $195,000. Marshall Wace LLP acquired a new position in shares of Pebblebrook Hotel Trust during the fourth quarter worth about $6,161,000. Finally, Farringdon Capital Ltd. purchased a new stake in shares of Pebblebrook Hotel Trust during the fourth quarter worth approximately $331,000.

Pebblebrook Hotel Trust Stock Up 1.1%

Shares of NYSE:PEB traded up $0.11 during midday trading on Friday, hitting $10.07. 162,078 shares of the company's stock were exchanged, compared to its average volume of 2,251,640. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.31 and a quick ratio of 1.31. Pebblebrook Hotel Trust has a 12 month low of $7.41 and a 12 month high of $15.12. The company has a market cap of $1.19 billion, a PE ratio of -17.35 and a beta of 1.85. The stock has a 50 day moving average price of $10.10 and a 200-day moving average price of $10.19.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last announced its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.06. The firm had revenue of $407.54 million during the quarter, compared to analyst estimates of $398.77 million. Pebblebrook Hotel Trust had a negative return on equity of 1.17% and a negative net margin of 2.20%. The business's revenue was up 2.6% compared to the same quarter last year. During the same period last year, the firm posted $0.69 EPS. On average, sell-side analysts anticipate that Pebblebrook Hotel Trust will post 1.5 EPS for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 30th. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is presently -6.90%.

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.