Pebblebrook Hotel Trust (NYSE:PEB) Stock Price Expected to Rise, Robert W. Baird Analyst Says

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 objective hoisted by Robert W. Baird from $12.00 to $13.00 in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. The brokerage currently has a neutral rating on the real estate investment trust's stock.

Several other analysts also recently issued reports on the company. Wells Fargo & Company upped their price target on 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 objective on Pebblebrook Hotel Trust and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Morgan Stanley reaffirmed an "underweight" rating and set a $10.00 target price on shares of Pebblebrook Hotel Trust in a report on Tuesday, July 15th. Evercore ISI boosted their price objective 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. Finally, Truist Financial lifted their price target on Pebblebrook Hotel Trust from $9.00 to $11.00 and gave the company a "hold" rating in a research report on Thursday, September 11th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average target price of $12.22.

Pebblebrook Hotel Trust Stock Down 2.8%

Shares of PEB traded down $0.33 during mid-day trading on Thursday, hitting $11.63. 603,996 shares of the company's stock were exchanged, compared to its average volume of 2,373,214. The company has a market cap of $1.38 billion, a price-to-earnings ratio of -20.01 and a beta of 1.82. Pebblebrook Hotel Trust has a fifty-two week low of $7.41 and a fifty-two week high of $15.12. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.31 and a current ratio of 1.31. The stock's 50-day moving average is $10.71 and its 200-day moving average is $10.03.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last released its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.59 by $0.06. Pebblebrook Hotel Trust had a negative return on equity of 1.17% and a negative net margin of 2.20%.The company had revenue of $407.54 million during the quarter, compared to the consensus estimate of $398.77 million. During the same quarter last year, the company earned $0.69 earnings per share. Pebblebrook Hotel Trust'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. On average, sell-side analysts anticipate that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

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

Institutional Trading of Pebblebrook Hotel Trust

Hedge funds have recently bought and sold shares of the company. GF Fund Management CO. LTD. bought a new stake in shares of Pebblebrook Hotel Trust in the fourth quarter valued at approximately $30,000. Harbor Capital Advisors Inc. increased its holdings in shares of Pebblebrook Hotel Trust by 122.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 2,514 shares of the real estate investment trust's stock worth $25,000 after acquiring an additional 1,382 shares during the last quarter. CWM LLC lifted its position in shares of Pebblebrook Hotel Trust by 324.2% during the 1st 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 period. Hilltop National Bank acquired a new stake in shares of Pebblebrook Hotel Trust in the second quarter valued at about $44,000. Finally, PNC Financial Services Group Inc. grew its stake in Pebblebrook Hotel Trust by 115.2% in 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 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.