Analysts Set Pebblebrook Hotel Trust (NYSE:PEB) PT at $12.78

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

A number of research firms have recently commented on PEB. Wall Street Zen lowered shares of Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research report on Wednesday, March 5th. Evercore ISI reduced their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $11.00 and set an "in-line" rating for the company in a research note on Monday, April 28th. Truist Financial reduced their price objective on shares of Pebblebrook Hotel Trust from $10.00 to $9.00 and set a "hold" rating for the company in a research note on Monday. Compass Point downgraded Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $17.00 to $15.00 in a research report on Monday, March 10th. Finally, Wells Fargo & Company lowered their price objective on shares of Pebblebrook Hotel Trust from $16.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 18th.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Several institutional investors and hedge funds have recently modified their holdings of PEB. abrdn plc lifted its position in shares of Pebblebrook Hotel Trust by 45.2% in the 4th quarter. abrdn plc now owns 35,696 shares of the real estate investment trust's stock worth $481,000 after purchasing an additional 11,117 shares during the period. Entropy Technologies LP lifted its position in 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 valued at $744,000 after acquiring an additional 26,487 shares during the period. Van ECK Associates Corp lifted its position in Pebblebrook Hotel Trust by 10.2% during the 4th quarter. Van ECK Associates Corp now owns 22,619 shares of the real estate investment trust's stock valued at $306,000 after acquiring an additional 2,096 shares during the period. Asset Management One Co. Ltd. lifted its position in Pebblebrook Hotel Trust by 1.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 177,178 shares of the real estate investment trust's stock valued at $2,406,000 after acquiring an additional 2,337 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its position in Pebblebrook Hotel Trust by 6.2% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 317,254 shares of the real estate investment trust's stock valued at $4,299,000 after acquiring an additional 18,467 shares during the period.

Pebblebrook Hotel Trust Stock Performance

Shares of NYSE PEB traded down $0.13 during midday trading on Friday, hitting $9.03. The company's stock had a trading volume of 1,857,476 shares, compared to its average volume of 1,966,101. The stock has a fifty day moving average price of $9.19 and a 200 day moving average price of $11.60. Pebblebrook Hotel Trust has a one year low of $7.41 and a one year high of $15.12. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of -31.14, a P/E/G ratio of 0.60 and a beta of 1.80.

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, beating the consensus estimate of $0.13 by $0.03. Pebblebrook Hotel Trust had a net margin of 0.25% and a return on equity of 0.13%. The company had revenue of $320.27 million for the quarter, compared to analyst estimates of $311.74 million. During the same quarter in the previous year, the firm posted $0.21 earnings per share. The company's quarterly revenue was up 2.0% compared to the same quarter last year. On average, research analysts forecast that Pebblebrook Hotel Trust will post 1.5 EPS for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.01 per share. The ex-dividend date was Monday, March 31st. This represents a $0.04 annualized dividend and a yield of 0.44%. Pebblebrook Hotel Trust's payout ratio is currently -8.33%.

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.