Pebblebrook Hotel Trust (NYSE:PEB) Given Average Rating of "Hold" by Brokerages

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) has received an average rating of "Hold" from the seven research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $12.28.

A number of equities analysts have issued reports on the stock. Evercore ISI reduced their price target on shares of 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. Stifel Nicolaus reduced their price target on shares of 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. Compass Point cut shares of Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $17.00 to $15.00 in a research note on Monday, March 10th. Wedbush set a $9.00 price objective on shares of Pebblebrook Hotel Trust and gave the stock an "underperform" rating in a research note on Tuesday, May 6th. Finally, Truist Financial set a $9.00 price objective on shares of Pebblebrook Hotel Trust and gave the stock a "hold" rating in a research note on Monday, June 2nd.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Institutional investors have recently added to or reduced their stakes in the stock. GF Fund Management CO. LTD. acquired a new stake in Pebblebrook Hotel Trust in the 4th quarter valued at $30,000. CWM LLC grew its stake 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 acquiring an additional 2,347 shares during the period. Quadrant Capital Group LLC grew its stake in 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 during the period. Sterling Capital Management LLC grew its stake in 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 during the period. Finally, AlphaQuest LLC grew its stake in Pebblebrook Hotel Trust by 1,405.7% in the 1st quarter. AlphaQuest LLC now owns 8,251 shares of the real estate investment trust's stock valued at $84,000 after acquiring an additional 7,703 shares during the period.

Pebblebrook Hotel Trust Stock Performance

Shares of Pebblebrook Hotel Trust stock traded up $0.20 during midday trading on Thursday, hitting $10.05. The company had a trading volume of 3,668,479 shares, compared to its average volume of 2,056,116. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of -20.93 and a beta of 1.74. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.82. The company has a fifty day simple moving average of $9.40 and a 200 day simple moving average of $11.05. Pebblebrook Hotel Trust has a 12-month low of $7.41 and a 12-month high of $15.12.

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

Pebblebrook Hotel Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.01 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.40%. Pebblebrook Hotel Trust's dividend payout ratio is currently -8.33%.

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.