Pebblebrook Hotel Trust (NYSE:PEB) Receives $13.86 Consensus Price Target from Analysts

Shares of Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) have received a consensus rating of "Hold" from the six research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $13.61.

A number of brokerages recently issued reports on PEB. StockNews.com cut shares of Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research report on Wednesday, March 5th. Compass Point cut shares of Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $17.00 to $15.00 in a research note on Monday, March 10th. Raymond James set a $14.00 target price on shares of Pebblebrook Hotel Trust and gave the company an "outperform" rating in a research note on Thursday, February 27th. Stifel Nicolaus decreased their price target on Pebblebrook Hotel Trust from $16.50 to $13.25 and set a "buy" rating on the stock in a research report on Wednesday. Finally, Truist Financial cut their price objective on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a "hold" rating for the company in a research report on Tuesday, February 4th.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

A number of institutional investors and hedge funds have recently made changes to their positions in PEB. Nordea Investment Management AB increased its position in Pebblebrook Hotel Trust by 90.2% in the fourth quarter. Nordea Investment Management AB now owns 746,763 shares of the real estate investment trust's stock worth $10,193,000 after purchasing an additional 354,116 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Pebblebrook Hotel Trust by 5.9% in the 4th quarter. Fisher Asset Management LLC now owns 572,994 shares of the real estate investment trust's stock valued at $7,764,000 after purchasing an additional 31,677 shares during the last quarter. Entropy Technologies LP grew its position in shares of Pebblebrook Hotel Trust by 93.3% during the 4th quarter. Entropy Technologies LP now owns 54,880 shares of the real estate investment trust's stock worth $744,000 after buying an additional 26,487 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Pebblebrook Hotel Trust during the fourth quarter worth approximately $358,000. Finally, Cbre Investment Management Listed Real Assets LLC acquired a new position in Pebblebrook Hotel Trust in the fourth quarter valued at approximately $13,788,000.

Pebblebrook Hotel Trust Price Performance

NYSE:PEB traded up $0.02 during trading hours on Friday, reaching $8.52. The company had a trading volume of 178,175 shares, compared to its average volume of 1,904,674. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.78. The stock has a 50-day moving average of $10.71 and a two-hundred day moving average of $12.39. Pebblebrook Hotel Trust has a one year low of $7.41 and a one year high of $16.06. The firm has a market capitalization of $1.01 billion, a PE ratio of -29.38, a PEG ratio of 0.60 and a beta of 1.69.

Pebblebrook Hotel Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.01 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.47%. Pebblebrook Hotel Trust's payout ratio is -9.30%.

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.