Pebblebrook Hotel Trust (NYSE:PEB) Receives Consensus Rating of "Reduce" from Analysts

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) has earned an average recommendation of "Reduce" from the eight ratings firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $11.69.

A number of analysts have recently weighed in on the stock. Morgan Stanley restated an "underweight" rating and issued a $10.00 price objective on shares of Pebblebrook Hotel Trust in a research note on Tuesday, July 15th. Wells Fargo & Company restated a "negative" rating on shares of Pebblebrook Hotel Trust in a research note on Tuesday, July 1st. Evercore ISI cut their target price 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 set a $9.00 price objective on shares of Pebblebrook Hotel Trust and gave the stock a "hold" rating in a report on Monday, June 2nd. Finally, Wedbush set a $9.00 target price on Pebblebrook Hotel Trust and gave the stock an "underperform" rating in a research report on Tuesday, May 6th.

Pebblebrook Hotel Trust Stock Performance

Shares of PEB opened at $10.36 on Monday. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of -21.58 and a beta of 1.75. The company's fifty day moving average is $9.85 and its 200-day moving average is $10.70. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.82. 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 earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $320.27 million for the quarter, compared to the consensus estimate of $311.74 million. During the same period in the prior year, the business posted $0.21 earnings per share. The business's quarterly revenue was up 2.0% on a year-over-year basis. Equities 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 was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.39%. Pebblebrook Hotel Trust's payout ratio is presently -8.33%.

Institutional Trading of Pebblebrook Hotel Trust

Hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue raised its holdings in shares of Pebblebrook Hotel Trust by 3.4% in the second quarter. State of Alaska Department of Revenue now owns 127,754 shares of the real estate investment trust's stock valued at $1,275,000 after buying an additional 4,145 shares during the last quarter. Seven Post Investment Office LP bought a new position in Pebblebrook Hotel Trust in the 2nd quarter worth approximately $120,000. GAMMA Investing LLC lifted its holdings in Pebblebrook Hotel Trust by 438.2% during the 2nd quarter. GAMMA Investing LLC now owns 9,252 shares of the real estate investment trust's stock worth $92,000 after buying an additional 7,533 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in shares of Pebblebrook Hotel Trust in the 2nd quarter valued at $102,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Pebblebrook Hotel Trust by 53.0% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 31,098 shares of the real estate investment trust's stock valued at $311,000 after acquiring an additional 10,769 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.

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