Evercore ISI Issues Pessimistic Forecast for Pebblebrook Hotel Trust (NYSE:PEB) Stock Price

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) had its price objective lowered by research analysts at Evercore ISI from $15.00 to $11.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an "in-line" rating on the real estate investment trust's stock. Evercore ISI's price target indicates a potential upside of 20.35% from the stock's previous close.

A number of other brokerages also recently issued reports on PEB. Raymond James set a $14.00 target price on Pebblebrook Hotel Trust and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Wedbush downgraded shares of Pebblebrook Hotel Trust from a "neutral" rating to an "underperform" rating and set a $13.00 target price on the stock. in a research note on Thursday, January 2nd. Compass Point cut shares of Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and dropped their price target for the company from $17.00 to $15.00 in a research note on Monday, March 10th. Wells Fargo & Company reduced their price target on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 18th. Finally, StockNews.com lowered Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $13.28.

Pebblebrook Hotel Trust Price Performance

Pebblebrook Hotel Trust stock remained flat at $9.14 during midday trading on Monday. 2,588,010 shares of the company were exchanged, compared to its average volume of 1,923,880. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78. Pebblebrook Hotel Trust has a 1 year low of $7.41 and a 1 year high of $15.46. The company has a market capitalization of $1.08 billion, a P/E ratio of -31.52, a P/E/G ratio of 0.60 and a beta of 1.69. The business has a 50-day moving average of $9.93 and a two-hundred day moving average of $12.06.

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 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.03. Pebblebrook Hotel Trust had a return on equity of 0.13% and a net margin of 0.25%. The company had revenue of $320.27 million for the quarter, compared to analyst estimates of $311.74 million. During the same quarter last year, the firm posted $0.21 EPS. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. On average, analysts expect that Pebblebrook Hotel Trust will post 1.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Sei Investments Co. grew its position in shares of Pebblebrook Hotel Trust by 0.3% during the fourth quarter. Sei Investments Co. now owns 397,337 shares of the real estate investment trust's stock worth $5,384,000 after buying an additional 1,098 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of 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 acquiring an additional 1,323 shares during the period. Metis Global Partners LLC grew its position 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 purchasing an additional 1,412 shares during the last quarter. Swiss National Bank increased its position in Pebblebrook Hotel Trust by 0.7% in the 4th quarter. Swiss National Bank now owns 237,012 shares of the real estate investment trust's stock valued at $3,212,000 after acquiring an additional 1,700 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Pebblebrook Hotel Trust by 2.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 83,899 shares of the real estate investment trust's stock valued at $1,137,000 after purchasing an additional 1,918 shares during the period.

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.