Pebblebrook Hotel Trust (NYSE:PEB) Stock Price Expected to Rise, Evercore ISI Analyst Says

Key Points

• Evercore ISI has increased Pebblebrook Hotel Trust's price target from $11.00 to $12.00, indicating a potential upside of 13.48% from the previous close.
• Currently, four analysts rate Pebblebrook's stock as a sell, while one has given it a buy rating, resulting in an average rating of "Hold".
• Pebblebrook's recent earnings report showed a 2.0% increase in revenue year-over-year, with an EPS of $0.16, exceeding analysts' expectations.

Pebblebrook Hotel Trust (NYSE:PEB - Free Report) had its price target boosted by Evercore ISI from $11.00 to $12.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an in-line rating on the real estate investment trust's stock.

A number of other research analysts have also issued reports on PEB. Wells Fargo & Company restated a "negative" rating on shares of Pebblebrook Hotel Trust in a research note on Tuesday, July 1st. Stifel Nicolaus reduced their price objective on Pebblebrook Hotel Trust from $16.50 to $13.25 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Truist Financial set a $9.00 price objective on Pebblebrook Hotel Trust and gave the stock a "hold" rating in a research note on Monday, June 2nd. Morgan Stanley restated an "underweight" rating and issued a $10.00 price objective on shares of Pebblebrook Hotel Trust in a research note on Tuesday, July 15th. Finally, Wedbush set a $9.00 price objective on Pebblebrook Hotel Trust and gave the stock an "underperform" rating in a research note on Tuesday, May 6th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Pebblebrook Hotel Trust currently has a consensus rating of "Hold" and an average target price of $11.78.

Pebblebrook Hotel Trust Stock Down 0.5%

NYSE:PEB traded down $0.05 during midday trading on Monday, reaching $9.98. 2,671,074 shares of the stock traded hands, compared to its average volume of 2,298,257. Pebblebrook Hotel Trust has a 12-month low of $7.41 and a 12-month high of $15.12. The business has a 50-day moving average of $9.93 and a two-hundred day moving average of $10.58. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $1.18 billion, a PE ratio of -17.22 and a beta of 1.75.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.59 by $0.06. Pebblebrook Hotel Trust had a negative net margin of 2.20% and a negative return on equity of 1.16%. The business had revenue of $407.54 million for the quarter, compared to analyst estimates of $398.77 million. During the same quarter in the prior year, the business posted $0.69 EPS. Pebblebrook Hotel Trust's revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities analysts forecast that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid 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 is presently -8.33%.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Several large investors have recently added to or reduced their stakes in the business. Nordea Investment Management AB increased its position in shares of Pebblebrook Hotel Trust by 7.6% in the 2nd quarter. Nordea Investment Management AB now owns 802,145 shares of the real estate investment trust's stock valued at $8,025,000 after purchasing an additional 56,815 shares during the last quarter. Allianz Asset Management GmbH increased its position in shares of Pebblebrook Hotel Trust by 378.0% in the 2nd quarter. Allianz Asset Management GmbH now owns 339,232 shares of the real estate investment trust's stock valued at $3,389,000 after purchasing an additional 268,261 shares during the last quarter. Bayforest Capital Ltd grew its position in shares of Pebblebrook Hotel Trust by 36.0% in the 2nd quarter. Bayforest Capital Ltd now owns 52,852 shares of the real estate investment trust's stock valued at $528,000 after buying an additional 13,981 shares during the last quarter. CWM LLC grew its position in shares of Pebblebrook Hotel Trust by 1,024.6% in the 2nd quarter. CWM LLC now owns 34,535 shares of the real estate investment trust's stock valued at $345,000 after buying an additional 31,464 shares during the last quarter. Finally, Hilltop National Bank purchased a new position in shares of Pebblebrook Hotel Trust in the 2nd quarter valued at $44,000.

Pebblebrook Hotel Trust Company Profile

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.