Robert W. Baird Issues Positive Forecast for Pebblebrook Hotel Trust (NYSE:PEB) Stock Price

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 - Free Report) had its price target lifted by Robert W. Baird from $12.00 to $13.00 in a research note issued to investors on Thursday, MarketBeat Ratings reports. They currently have a neutral rating on the real estate investment trust's stock.

Several other research analysts have also issued reports on PEB. Morgan Stanley reiterated an "underweight" rating and issued a $10.00 target price on shares of Pebblebrook Hotel Trust in a research report on Tuesday, July 15th. Wells Fargo & Company boosted their price target on shares of Pebblebrook Hotel Trust from $10.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 27th. Stifel Nicolaus set a $13.00 price target on shares of Pebblebrook Hotel Trust and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Evercore ISI boosted their price target on shares of Pebblebrook Hotel Trust from $11.00 to $12.00 and gave the stock an "in-line" rating in a research note on Monday, July 28th. Finally, Truist Financial boosted their price target on shares of Pebblebrook Hotel Trust from $9.00 to $11.00 and gave the stock a "hold" rating in a research note on Thursday, September 11th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Pebblebrook Hotel Trust presently has an average rating of "Reduce" and an average price target of $12.22.

Pebblebrook Hotel Trust Price Performance

NYSE:PEB traded down $0.25 during midday trading on Thursday, hitting $11.96. The company had a trading volume of 4,331,668 shares, compared to its average volume of 3,272,139. Pebblebrook Hotel Trust has a 52-week low of $7.41 and a 52-week high of $15.12. The stock's fifty day moving average price is $10.71 and its 200-day moving average price is $10.05. The company has a market capitalization of $1.42 billion, a PE ratio of -20.62 and a beta of 1.82. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.82.

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

Pebblebrook Hotel Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, September 30th. Pebblebrook Hotel Trust's dividend payout ratio is -6.90%.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Several hedge funds and other institutional investors have recently modified their holdings of PEB. Harbor Capital Advisors Inc. raised its stake in shares of Pebblebrook Hotel Trust by 122.1% during the second quarter. Harbor Capital Advisors Inc. now owns 2,514 shares of the real estate investment trust's stock valued at $25,000 after acquiring an additional 1,382 shares during the last quarter. GF Fund Management CO. LTD. bought a new position in shares of Pebblebrook Hotel Trust during the fourth quarter valued at about $30,000. CWM LLC raised its stake in shares of Pebblebrook Hotel Trust by 324.2% during the first quarter. CWM LLC now owns 3,071 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 2,347 shares during the last quarter. Hilltop National Bank bought a new position in shares of Pebblebrook Hotel Trust during the second quarter valued at about $44,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of Pebblebrook Hotel Trust by 115.2% during the second quarter. PNC Financial Services Group Inc. now owns 4,683 shares of the real estate investment trust's stock valued at $47,000 after acquiring an additional 2,507 shares during the last quarter.

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.