Shares of Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) have been assigned an average recommendation of "Reduce" from the eight research firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $11.69.
Several research analysts have weighed in on PEB shares. Wedbush set a $9.00 price target on Pebblebrook Hotel Trust and gave the stock an "underperform" rating in a research note on Tuesday, May 6th. Evercore ISI dropped their price target on 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 target on Pebblebrook Hotel Trust and gave the stock a "hold" rating in a research note on Monday, June 2nd. Wells Fargo & Company restated a "negative" rating on shares of Pebblebrook Hotel Trust in a research note on Tuesday, July 1st. Finally, Morgan Stanley restated an "underweight" rating and issued a $10.00 price target on shares of Pebblebrook Hotel Trust in a research note on Tuesday, July 15th.
Get Our Latest Research Report on PEB
Pebblebrook Hotel Trust Stock Performance
Pebblebrook Hotel Trust stock traded down $0.26 during midday trading on Monday, hitting $10.52. The stock had a trading volume of 1,550,621 shares, compared to its average volume of 2,143,301. The firm's fifty day moving average is $9.87 and its two-hundred day moving average is $10.65. The company has a market capitalization of $1.25 billion, a PE ratio of -21.91 and a beta of 1.75. Pebblebrook Hotel Trust has a 52-week low of $7.41 and a 52-week high of $15.12. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.82.
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 for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $311.74 million. During the same period in the prior year, the company posted $0.21 EPS. The firm's revenue for the quarter 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 year.
Pebblebrook Hotel Trust Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a dividend of $0.01 per share. The ex-dividend date was Monday, June 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.38%. Pebblebrook Hotel Trust's dividend payout ratio is currently -8.33%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Woodline Partners LP bought a new stake in Pebblebrook Hotel Trust in the first quarter worth $30,155,000. Centersquare Investment Management LLC lifted its position in Pebblebrook Hotel Trust by 2,448.9% in the fourth quarter. Centersquare Investment Management LLC now owns 1,879,327 shares of the real estate investment trust's stock worth $25,465,000 after buying an additional 1,805,597 shares during the last quarter. Alyeska Investment Group L.P. lifted its position in Pebblebrook Hotel Trust by 43.3% in the fourth quarter. Alyeska Investment Group L.P. now owns 4,167,770 shares of the real estate investment trust's stock worth $56,473,000 after buying an additional 1,260,077 shares during the last quarter. Nuveen Asset Management LLC lifted its position in Pebblebrook Hotel Trust by 82.3% in the fourth quarter. Nuveen Asset Management LLC now owns 2,345,333 shares of the real estate investment trust's stock worth $31,779,000 after buying an additional 1,058,664 shares during the last quarter. Finally, Landmark Investment Partners L.P. bought a new stake in Pebblebrook Hotel Trust in the fourth quarter worth $13,075,000.
About Pebblebrook Hotel Trust
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Get Free ReportPebblebrook 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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