Pebblebrook Hotel Trust (NYSE:PEB) Share Price Crosses Above 200 Day Moving Average - What's Next?

Key Points

• Pebblebrook Hotel Trust's share price recently surpassed its 200-day moving average, trading at $11.22 after reaching a high of $11.42.
• Research analysts have set various new price targets for the stock, with Truist Financial and Wells Fargo targeting $11.00, while Stifel Nicolaus set a target of $14.00.
• The company recently declared a quarterly dividend of $0.01 per share, with a yield of 0.4%, set to be paid on October 15th.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.06 and traded as high as $11.42. Pebblebrook Hotel Trust shares last traded at $11.22, with a volume of 1,875,969 shares trading hands.

Analysts Set New Price Targets

A number of research analysts recently weighed in on PEB shares. Truist Financial raised their target price on shares of Pebblebrook Hotel Trust from $9.00 to $11.00 and gave the company a "hold" rating in a research report on Thursday, September 11th. Wells Fargo & Company lifted their price objective on shares of Pebblebrook Hotel Trust from $10.00 to $11.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 27th. Robert W. Baird lifted their price objective on shares of Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the company a "neutral" rating in a research report on Thursday, September 18th. Morgan Stanley reissued an "underweight" rating and issued a $10.00 price objective on shares of Pebblebrook Hotel Trust in a research report on Tuesday, July 15th. Finally, Stifel Nicolaus set a $14.00 price objective on shares of Pebblebrook Hotel Trust in a research report on Wednesday, September 17th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and an average price target of $12.20.

Pebblebrook Hotel Trust Stock Down 0.0%

The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.82. The firm's 50 day simple moving average is $10.86 and its two-hundred day simple moving average is $10.06. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of -19.34 and a beta of 1.85.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.06. Pebblebrook Hotel Trust had a negative net margin of 2.20% and a negative return on equity of 1.17%. The business had revenue of $407.54 million during the quarter, compared to analysts' expectations of $398.77 million. During the same quarter in the previous year, the company earned $0.69 EPS. The business's revenue was up 2.6% on a year-over-year basis. Pebblebrook Hotel Trust has set its Q3 2025 guidance at 0.450-0.510 EPS. FY 2025 guidance at 1.470-1.590 EPS. On average, equities analysts forecast that Pebblebrook Hotel Trust will post 1.5 EPS for the current year.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $0.01 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.04 annualized dividend and a yield of 0.4%. Pebblebrook Hotel Trust's payout ratio is -6.90%.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Hedge funds have recently bought and sold shares of the company. Harbor Capital Advisors Inc. increased its holdings in Pebblebrook Hotel Trust by 122.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 2,514 shares of the real estate investment trust's stock valued at $25,000 after buying an additional 1,382 shares during the period. CWM LLC increased its holdings 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 buying an additional 2,347 shares during the period. Hilltop National Bank bought a new position in Pebblebrook Hotel Trust in the 2nd quarter valued at about $44,000. PNC Financial Services Group Inc. increased its holdings in Pebblebrook Hotel Trust by 115.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,683 shares of the real estate investment trust's stock valued at $47,000 after buying an additional 2,507 shares during the period. Finally, AdvisorShares Investments LLC increased its holdings in Pebblebrook Hotel Trust by 52.4% in the 2nd quarter. AdvisorShares Investments LLC now owns 7,621 shares of the real estate investment trust's stock valued at $76,000 after buying an additional 2,621 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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