Pebblebrook Hotel Trust (NYSE:PEB) Given New $15.00 Price Target at Citigroup

Key Points

• Citigroup raised its price target on Pebblebrook Hotel Trust to $15.00 (from $13.00) while maintaining a "neutral" rating, implying about a 6.5% upside from the prior close.
• Pebblebrook beat Q1 estimates with EPS of ($0.26) vs. ($0.31) expected and revenue of $345.7M (vs. $331.2M), with revenue up 7.9% year-over-year and Q2 guidance of $0.580–$0.620 EPS.
• Analyst sentiment is mixed: MarketBeat shows a consensus "Hold" with an average price target of $12.90, and analyst ratings range from Strong Buy to Sell (2 Strong Buy, 1 Buy, 6 Hold, 5 Sell).

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) had its price objective upped by investment analysts at Citigroup from $13.00 to $15.00 in a report issued on Friday,Benzinga reports. The firm currently has a "neutral" rating on the real estate investment trust's stock. Citigroup's price objective suggests a potential upside of 6.53% from the stock's previous close.

Several other research analysts have also commented on PEB. Wall Street Zen raised Pebblebrook Hotel Trust from a "strong sell" rating to a "hold" rating in a report on Saturday, February 28th. Morgan Stanley upped their price objective on Pebblebrook Hotel Trust from $9.00 to $10.00 and gave the stock an "underweight" rating in a report on Friday, April 10th. Barclays reduced their price objective on Pebblebrook Hotel Trust from $10.00 to $9.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 7th. Truist Financial boosted their target price on Pebblebrook Hotel Trust from $12.00 to $14.00 and gave the stock a "hold" rating in a research report on Tuesday, March 31st. Finally, Stifel Nicolaus boosted their target price on Pebblebrook Hotel Trust from $14.50 to $16.25 and gave the stock a "buy" rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat, Pebblebrook Hotel Trust has a consensus rating of "Hold" and an average price target of $12.90.

Pebblebrook Hotel Trust Price Performance

Shares of NYSE PEB traded up $0.03 during midday trading on Friday, hitting $14.08. 1,817,418 shares of the company's stock were exchanged, compared to its average volume of 2,438,183. Pebblebrook Hotel Trust has a 12-month low of $8.69 and a 12-month high of $14.72. The company has a current ratio of 1.04, a quick ratio of 1.09 and a debt-to-equity ratio of 0.82. The company has a market cap of $1.60 billion, a price-to-earnings ratio of -17.60 and a beta of 1.43. The business's fifty day moving average price is $12.99 and its two-hundred day moving average price is $11.98.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.31) by $0.05. Pebblebrook Hotel Trust had a negative return on equity of 2.41% and a negative net margin of 4.18%.The company had revenue of $345.66 million during the quarter, compared to analyst estimates of $331.23 million. During the same quarter in the previous year, the firm earned $0.16 earnings per share. Pebblebrook Hotel Trust's revenue was up 7.9% on a year-over-year basis. Pebblebrook Hotel Trust has set its Q2 2026 guidance at 0.580-0.620 EPS. As a group, research analysts forecast that Pebblebrook Hotel Trust will post 1.49 EPS for the current fiscal year.

Institutional Trading of Pebblebrook Hotel Trust

A number of hedge funds have recently bought and sold shares of PEB. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Pebblebrook Hotel Trust in the 1st quarter valued at about $34,000. Quadrant Capital Group LLC lifted its stake in shares of Pebblebrook Hotel Trust by 32.8% in the 4th quarter. Quadrant Capital Group LLC now owns 3,220 shares of the real estate investment trust's stock valued at $36,000 after acquiring an additional 796 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of Pebblebrook Hotel Trust in the 4th quarter valued at about $38,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Pebblebrook Hotel Trust by 33.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,465 shares of the real estate investment trust's stock valued at $39,000 after acquiring an additional 865 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in shares of Pebblebrook Hotel Trust by 188.0% in the 4th quarter. Hantz Financial Services Inc. now owns 5,049 shares of the real estate investment trust's stock valued at $57,000 after acquiring an additional 3,296 shares during the last quarter.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust NYSE: PEB is a real estate investment trust specializing in premium, high-barrier-to-entry hotel properties in gateway markets across the United States. Established in 2009, PEB focuses on lifestyle-oriented lodging assets that cater to business and leisure travelers seeking elevated experiences. The company's investment strategy emphasizes select-service and full-service hotels with established brands and prime urban or resort locations.

PEB's portfolio comprises more than 30 properties in major metropolitan areas including New York City, Los Angeles, Chicago, Miami and San Francisco.

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.