Pebblebrook Hotel Trust (NYSE:PEB) Reaches New 12-Month High - Here's What Happened

Key Points

• Pebblebrook Hotel Trust shares reached a new 52-week high of $19.96, up from a previous close of $19.36, with the stock last trading near $19.66.
• Analyst sentiment remains mixed: the stock carries an average “Hold” rating and a consensus price target of $17.60, below its current trading level.
• The REIT reported quarterly EPS of $0.68, substantially exceeding the $0.12 consensus estimate, and paid a $0.01 quarterly dividend, equivalent to a 0.2% annualized yield.

Shares of Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) reached a new 52-week high on Friday. The stock traded as high as $19.96 and last traded at $19.6550, with a volume of 733,153 shares. The stock had previously closed at $19.36.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Barclays decreased their price objective on Pebblebrook Hotel Trust from $15.00 to $14.00 and set an "underweight" rating for the company in a report on Thursday, August 27th. Wells Fargo & Company upped their price objective on shares of Pebblebrook Hotel Trust from $16.00 to $19.00 and gave the company an "equal weight" rating in a report on Thursday, July 23rd. Cantor Fitzgerald raised their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $19.00 and gave the stock a "neutral" rating in a report on Tuesday, August 11th. Citigroup boosted their price objective on Pebblebrook Hotel Trust from $15.00 to $20.00 and gave the company a "neutral" rating in a research note on Wednesday, July 22nd. Finally, Morgan Stanley increased their price objective on Pebblebrook Hotel Trust from $13.00 to $14.00 and gave the stock an "underweight" rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $17.60.

Pebblebrook Hotel Trust Stock Performance

The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market cap of $2.20 billion, a P/E ratio of -28.22, a price-to-earnings-growth ratio of 1.30 and a beta of 1.43. The business has a 50 day moving average price of $18.38 and a two-hundred day moving average price of $17.10.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last announced its earnings results on Wednesday, July 29th. The real estate investment trust reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.56. Pebblebrook Hotel Trust had a negative return on equity of 1.83% and a negative net margin of 3.11%. The company had revenue of $407.14 million during the quarter, compared to the consensus estimate of $400.05 million. During the same quarter in the prior year, the company earned $0.65 earnings per share. The firm's revenue for the quarter was down .1% on a year-over-year basis. Pebblebrook Hotel Trust has set its Q3 2026 guidance at 0.480-0.520 EPS and its FY 2026 guidance at 1.690-1.760 EPS. On average, sell-side analysts anticipate that Pebblebrook Hotel Trust will post 1.71 earnings per share for the current year.

Pebblebrook Hotel Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.04 annualized dividend and a yield of 0.2%. Pebblebrook Hotel Trust's dividend payout ratio is currently -5.80%.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Several institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its position in Pebblebrook Hotel Trust by 25.2% in the 3rd quarter. GAMMA Investing LLC now owns 14,874 shares of the real estate investment trust's stock worth $279,000 after purchasing an additional 2,998 shares during the period. Cim Investment Management Inc. raised its holdings in shares of Pebblebrook Hotel Trust by 7.3% in the 2nd quarter. Cim Investment Management Inc. now owns 13,180 shares of the real estate investment trust's stock valued at $256,000 after purchasing an additional 893 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in Pebblebrook Hotel Trust by 9.0% in the second quarter. Sequoia Financial Advisors LLC now owns 11,001 shares of the real estate investment trust's stock worth $214,000 after buying an additional 910 shares in the last quarter. Tidal Investments LLC bought a new position in shares of Pebblebrook Hotel Trust in the 2nd quarter worth $502,000. Finally, WINTON GROUP Ltd purchased a new stake in shares of Pebblebrook Hotel Trust during the second quarter valued at about $2,869,000.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust NYSE: PEB is a real estate investment trust that owns and invests in upper-upscale, full-service hotels, primarily in major urban and resort destinations across the United States. The company focuses on lifestyle-oriented properties, including independent hotels and hotels affiliated with nationally recognized brands.

Its properties provide lodging, dining, meeting, event, and other hospitality services. Pebblebrook seeks to create value through strategic acquisitions, renovations, repositioning, and active asset management, while working with hotel management companies to operate its properties.

Founded in 2009 and headquartered in Bethesda, Maryland, Pebblebrook has built a portfolio concentrated in markets such as coastal gateway cities and select resort destinations.

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