Pebblebrook Hotel Trust (NYSE:PEB) Price Target Cut to $9.00 by Analysts at Truist Financial

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) had its price objective lowered by equities researchers at Truist Financial from $10.00 to $9.00 in a research report issued on Monday,Benzinga reports. The firm presently has a "hold" rating on the real estate investment trust's stock. Truist Financial's price objective points to a potential downside of 1.85% from the stock's previous close.

Several other research analysts have also issued reports on PEB. Stifel Nicolaus dropped their price target on shares of Pebblebrook Hotel Trust from $16.50 to $13.25 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Wall Street Zen lowered shares of Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research report on Wednesday, March 5th. Raymond James set a $14.00 price objective on shares of Pebblebrook Hotel Trust and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Evercore ISI decreased their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $11.00 and set an "in-line" rating on the stock in a research note on Monday, April 28th. Finally, Wells Fargo & Company decreased their price objective on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Pebblebrook Hotel Trust currently has a consensus rating of "Hold" and an average target price of $12.28.

Pebblebrook Hotel Trust Stock Performance

Pebblebrook Hotel Trust stock traded up $0.11 on Monday, reaching $9.17. 1,702,731 shares of the stock were exchanged, compared to its average volume of 1,963,151. The stock has a market cap of $1.09 billion, a PE ratio of -31.62, a PEG ratio of 0.60 and a beta of 1.80. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. Pebblebrook Hotel Trust has a twelve month low of $7.41 and a twelve month high of $15.12. The firm has a fifty day moving average price of $9.21 and a two-hundred day moving average price of $11.61.

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

Institutional Investors Weigh In On Pebblebrook Hotel Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. GF Fund Management CO. LTD. bought a new position in Pebblebrook Hotel Trust in the fourth quarter valued at $30,000. CWM LLC grew its position in Pebblebrook Hotel Trust by 324.2% in the first quarter. CWM LLC now owns 3,071 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 2,347 shares in the last quarter. Quadrant Capital Group LLC grew its position in Pebblebrook Hotel Trust by 100.2% in the fourth quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 1,323 shares in the last quarter. Sterling Capital Management LLC grew its position in Pebblebrook Hotel Trust by 815.6% in the fourth 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. Finally, AlphaQuest LLC grew its position in Pebblebrook Hotel Trust by 1,405.7% in the first quarter. AlphaQuest LLC now owns 8,251 shares of the real estate investment trust's stock valued at $84,000 after purchasing an additional 7,703 shares in the last quarter.

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.