Pebblebrook Hotel Trust (NYSE:PEB) Price Target Raised to $13.00

Key Points

• Pebblebrook Hotel Trust (NYSE: PEB) has seen its target price raised by Robert W. Baird from $12.00 to $13.00, indicating a potential upside of 10.17% from its current price.
• Analysts are mixed on the stock, with one Buy rating, five Hold ratings, and two Sell ratings, reflecting an average rating of "Reduce" and an average price target of $12.00.
• The company reported earnings of $0.65 per share in its last quarter, outperforming expectations and marking a 2.6% year-over-year revenue increase.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) had its target price hoisted by research analysts at Robert W. Baird from $12.00 to $13.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the real estate investment trust's stock. Robert W. Baird's price target would indicate a potential upside of 10.17% from the company's current price.

Several other analysts have also recently issued reports on PEB. Truist Financial upped their price objective on Pebblebrook Hotel Trust from $9.00 to $11.00 and gave the company a "hold" rating in a research note on Thursday, September 11th. Morgan Stanley restated an "underweight" rating and issued a $10.00 target price on shares of Pebblebrook Hotel Trust in a report on Tuesday, July 15th. Stifel Nicolaus set a $13.00 price target on Pebblebrook Hotel Trust and gave the company a "buy" rating in a research report on Wednesday, July 30th. Wells Fargo & Company lifted their target price on Pebblebrook Hotel Trust from $10.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 27th. Finally, Evercore ISI boosted their target price on Pebblebrook Hotel Trust from $11.00 to $12.00 and gave the stock an "in-line" rating in a report on Monday, July 28th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Pebblebrook Hotel Trust currently has an average rating of "Reduce" and an average price target of $12.00.

Pebblebrook Hotel Trust Trading Up 2.1%

Shares of PEB stock opened at $11.80 on Thursday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.82. The business's 50 day moving average is $10.66 and its two-hundred day moving average is $10.05. The company has a market capitalization of $1.40 billion, a P/E ratio of -20.34 and a beta of 1.82. Pebblebrook Hotel Trust has a twelve month low of $7.41 and a twelve month high of $15.12.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $0.06. The company had revenue of $407.54 million during the quarter, compared to analysts' expectations of $398.77 million. Pebblebrook Hotel Trust had a negative return on equity of 1.17% and a negative net margin of 2.20%.The business's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.69 earnings per share. Pebblebrook Hotel Trust has set its Q3 2025 guidance at 0.450-0.510 EPS. FY 2025 guidance at 1.470-1.590 EPS. Equities analysts forecast that Pebblebrook Hotel Trust will post 1.5 EPS for the current year.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

A number of institutional investors and hedge funds have recently made changes to their positions in PEB. GF Fund Management CO. LTD. purchased a new stake in Pebblebrook Hotel Trust in the 4th quarter valued at about $30,000. Harbor Capital Advisors Inc. boosted its position in Pebblebrook Hotel Trust by 122.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 2,514 shares of the real estate investment trust's stock valued at $25,000 after buying an additional 1,382 shares during the period. CWM LLC boosted its position in Pebblebrook Hotel Trust by 324.2% in the 1st quarter. CWM LLC now owns 3,071 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 2,347 shares during the period. Hilltop National Bank purchased a new stake in Pebblebrook Hotel Trust in the 2nd quarter valued at about $44,000. Finally, PNC Financial Services Group Inc. boosted its position in Pebblebrook Hotel Trust by 115.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,683 shares of the real estate investment trust's stock valued at $47,000 after buying an additional 2,507 shares during the period.

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.

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