Pebblebrook Hotel Trust (NYSE:PEB) Receives $12.28 Consensus Price Target from Brokerages

Shares of Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) have been assigned an average recommendation of "Hold" from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $12.28.

PEB has been the topic of a number of research reports. Compass Point lowered Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $17.00 to $15.00 in a report on Monday, March 10th. Truist Financial set a $9.00 price target on shares of Pebblebrook Hotel Trust and gave the company a "hold" rating in a research report on Monday, June 2nd. Wedbush set a $9.00 price target on shares of Pebblebrook Hotel Trust and gave the company an "underperform" rating in a research report on Tuesday, May 6th. Evercore ISI cut their price objective on Pebblebrook Hotel Trust from $15.00 to $11.00 and set an "in-line" rating for the company in a research report on Monday, April 28th. Finally, Stifel Nicolaus cut their price objective on Pebblebrook Hotel Trust from $16.50 to $13.25 and set a "buy" rating for the company in a research report on Wednesday, April 16th.

Pebblebrook Hotel Trust Stock Performance

Shares of PEB traded up $0.20 during midday trading on Thursday, reaching $10.05. 3,668,479 shares of the stock were exchanged, compared to its average volume of 2,056,116. The business's 50-day moving average price is $9.40 and its 200 day moving average price is $11.03. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.09 and a quick ratio of 1.09. Pebblebrook Hotel Trust has a twelve month low of $7.41 and a twelve month high of $15.12. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of -20.93 and a beta of 1.75.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. Pebblebrook Hotel Trust had a negative return on equity of 0.32% and a negative net margin of 0.61%. The business had revenue of $320.27 million for the quarter, compared to analysts' expectations of $311.74 million. During the same quarter in the previous year, the firm earned $0.21 earnings per share. The business's revenue was up 2.0% compared to the same quarter last year. On average, sell-side analysts expect that Pebblebrook Hotel Trust will post 1.5 EPS for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.40%. The ex-dividend date is Monday, June 30th. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is presently -8.33%.

Institutional Trading of Pebblebrook Hotel Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. GF Fund Management CO. LTD. purchased a new stake in shares of Pebblebrook Hotel Trust in the 4th quarter valued at approximately $30,000. Quadrant Capital Group LLC lifted its position in shares of Pebblebrook Hotel Trust by 100.2% in the 4th 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 in the last quarter. CWM LLC lifted its position in shares of 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 acquiring an additional 2,347 shares in the last quarter. Sterling Capital Management LLC lifted its position in shares of Pebblebrook Hotel Trust by 815.6% in the 4th quarter. Sterling Capital Management LLC now owns 3,763 shares of the real estate investment trust's stock valued at $51,000 after acquiring an additional 3,352 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Pebblebrook Hotel Trust in the 4th quarter valued at approximately $99,000.

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.