Pebblebrook Hotel Trust (NYSE:PEB) Receives Consensus Recommendation of "Hold" from Analysts

Shares of Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) have been assigned a consensus recommendation of "Hold" from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $12.78.

A number of equities research analysts recently issued reports on PEB shares. Wells Fargo & Company decreased their price target on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 18th. Wedbush set a $9.00 target price on Pebblebrook Hotel Trust and gave the stock an "underperform" rating in a research note on Tuesday, May 6th. Stifel Nicolaus lowered their target price on shares of Pebblebrook Hotel Trust from $16.50 to $13.25 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Raymond James set a $14.00 price target on shares of Pebblebrook Hotel Trust and gave the stock an "outperform" rating in a report on Thursday, February 27th. Finally, Truist Financial reduced their price target on shares of Pebblebrook Hotel Trust from $14.00 to $13.00 and set a "hold" rating on the stock in a research note on Tuesday, February 4th.

Pebblebrook Hotel Trust Trading Down 1.3%

Shares of PEB traded down $0.12 during midday trading on Friday, hitting $9.18. The stock had a trading volume of 2,392,858 shares, compared to its average volume of 1,963,763. The stock's 50 day moving average is $9.24 and its 200 day moving average is $11.64. The firm has a market cap of $1.09 billion, a PE ratio of -31.65, a price-to-earnings-growth ratio of 0.60 and a beta of 1.80. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81. Pebblebrook Hotel Trust has a 1 year low of $7.41 and a 1 year high of $15.12.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. The company had revenue of $320.27 million for the quarter, compared to analyst estimates of $311.74 million. Pebblebrook Hotel Trust had a net margin of 0.25% and a return on equity of 0.13%. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.21 EPS. As a group, 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. Stockholders of record on Monday, March 31st were paid a dividend of $0.01 per share. The ex-dividend date was Monday, March 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.44%. Pebblebrook Hotel Trust's dividend payout ratio is currently -8.33%.

Institutional Trading of Pebblebrook Hotel Trust

Hedge funds have recently added to or reduced their stakes in the business. GF Fund Management CO. LTD. purchased a new position in Pebblebrook Hotel Trust during the 4th quarter valued at about $30,000. CWM LLC boosted its stake in shares of Pebblebrook Hotel Trust by 324.2% during the first quarter. CWM LLC now owns 3,071 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 2,347 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Pebblebrook Hotel Trust by 100.2% during the fourth quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 1,323 shares during the period. Sterling Capital Management LLC raised its stake in Pebblebrook Hotel Trust by 815.6% in the fourth quarter. Sterling Capital Management LLC now owns 3,763 shares of the real estate investment trust's stock worth $51,000 after buying an additional 3,352 shares in the last quarter. Finally, AlphaQuest LLC lifted its holdings in Pebblebrook Hotel Trust by 1,405.7% during the first quarter. AlphaQuest LLC now owns 8,251 shares of the real estate investment trust's stock worth $84,000 after buying an additional 7,703 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.