Pebblebrook Hotel Trust (NYSE:PEB) Receives Average Recommendation of "Hold" from Analysts

Shares of Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) have received a consensus recommendation of "Hold" from the seven analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $12.78.

Several equities research analysts have issued reports on the company. Evercore ISI lowered their price target on Pebblebrook Hotel Trust from $15.00 to $11.00 and set an "in-line" rating for the company in a report on Monday, April 28th. Raymond James set a $14.00 price target on Pebblebrook Hotel Trust and gave the stock an "outperform" rating in a report on Thursday, February 27th. Wedbush set a $9.00 price target on Pebblebrook Hotel Trust and gave the stock an "underperform" rating in a report on Tuesday, May 6th. Wells Fargo & Company reduced their price objective on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 18th. Finally, Truist Financial reduced their price objective on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a "hold" rating for the company in a research report on Tuesday, February 4th.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of PEB. Sei Investments Co. grew its position in shares of Pebblebrook Hotel Trust by 0.3% in the 4th quarter. Sei Investments Co. now owns 397,337 shares of the real estate investment trust's stock valued at $5,384,000 after buying an additional 1,098 shares during the last quarter. Quadrant Capital Group LLC raised its stake in Pebblebrook Hotel Trust by 100.2% during the 4th quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust's stock worth $36,000 after buying an additional 1,323 shares during the period. Metis Global Partners LLC raised its stake in Pebblebrook Hotel Trust by 11.4% during the 4th quarter. Metis Global Partners LLC now owns 13,823 shares of the real estate investment trust's stock worth $187,000 after buying an additional 1,412 shares during the period. Swiss National Bank raised its stake in Pebblebrook Hotel Trust by 0.7% during the 4th quarter. Swiss National Bank now owns 237,012 shares of the real estate investment trust's stock worth $3,212,000 after buying an additional 1,700 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Pebblebrook Hotel Trust by 2.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 83,899 shares of the real estate investment trust's stock worth $1,137,000 after buying an additional 1,918 shares during the period.

Pebblebrook Hotel Trust Stock Performance

Shares of PEB traded up $0.77 on Wednesday, reaching $10.51. 322,898 shares of the stock traded hands, compared to its average volume of 1,934,565. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of -36.50, a P/E/G ratio of 0.60 and a beta of 1.80. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81. Pebblebrook Hotel Trust has a 12 month low of $7.41 and a 12 month high of $15.46. The stock's 50-day moving average price is $9.65 and its 200-day moving average price is $11.94.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. The business had revenue of $320.27 million for the quarter, compared to analyst estimates of $311.74 million. Pebblebrook Hotel Trust had a return on equity of 0.13% and a net margin of 0.25%. Pebblebrook Hotel Trust's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.21 EPS. Equities analysts forecast that Pebblebrook Hotel Trust will post 1.5 EPS for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.01 per share. The ex-dividend date was Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.38%. Pebblebrook Hotel Trust's dividend payout ratio is currently -8.33%.

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.