Pebblebrook Hotel Trust (NYSE:PEB) Reaches New 52-Week High - Here's Why

Key Points

• Pebblebrook Hotel Trust shares reached a new 52-week high of $21.26 and last traded at $21.14, up from the prior close of $20.71.
• Analyst views remain mixed: the consensus rating is “Hold”, with an average price target of $17.65, despite some analysts raising their targets and maintaining buy or outperform ratings.
• The company exceeded quarterly expectations, reporting $0.68 in EPS versus the $0.12 consensus estimate and revenue of $407.14 million, while paying a $0.01 quarterly dividend.

Shares of Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) reached a new 52-week high during trading on Thursday. The company traded as high as $21.26 and last traded at $21.14, with a volume of 3,809,216 shares. The stock had previously closed at $20.71.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on PEB shares. Zacks Research downgraded shares of Pebblebrook Hotel Trust from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 25th. Stifel Nicolaus set a $22.00 price objective on shares of Pebblebrook Hotel Trust in a research note on Monday. Raymond James Financial raised their price objective on shares of Pebblebrook Hotel Trust from $18.00 to $20.00 and gave the stock an "outperform" rating in a research note on Monday, September 28th. Barclays dropped their target price on Pebblebrook Hotel Trust from $15.00 to $14.00 and set an "underweight" rating for the company in a research report on Thursday, August 27th. Finally, Morgan Stanley upped their target price on Pebblebrook Hotel Trust from $13.00 to $14.00 and gave the company an "underweight" rating in a research note on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Pebblebrook Hotel Trust has a consensus rating of "Hold" and an average price target of $17.65.

Pebblebrook Hotel Trust Stock Performance

The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.83. The business has a 50 day simple moving average of $18.58 and a two-hundred day simple moving average of $17.32. The firm has a market cap of $2.39 billion, a PE ratio of -30.64, a price-to-earnings-growth ratio of 1.40 and a beta of 1.43.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last issued its earnings results on Wednesday, July 29th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.56. The firm had revenue of $407.14 million during the quarter, compared to analyst estimates of $400.05 million. Pebblebrook Hotel Trust had a negative net margin of 3.11% and a negative return on equity of 1.83%. The business's revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 earnings per share. 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. As a group, equities research analysts forecast that Pebblebrook Hotel Trust will post 1.72 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a dividend of $0.01 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.2%. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is presently -5.80%.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Several large investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc bought a new position in Pebblebrook Hotel Trust in the 2nd quarter worth about $36,905,000. Bank of New York Mellon Corp bought a new stake in shares of Pebblebrook Hotel Trust during the second quarter valued at approximately $18,729,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Pebblebrook Hotel Trust by 51.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,154,627 shares of the real estate investment trust's stock valued at $27,213,000 after acquiring an additional 736,078 shares in the last quarter. Bamco Inc. NY purchased a new stake in shares of Pebblebrook Hotel Trust in the second quarter valued at approximately $12,115,000. Finally, Donald Smith & CO. Inc. purchased a new stake in shares of Pebblebrook Hotel Trust in the second quarter valued at approximately $9,242,000.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust NYSE: PEB is a publicly traded real estate investment trust that owns and invests in upscale, full-service hotels and resorts in the United States. The company focuses on acquiring, developing, and repositioning lodging properties in major urban and resort destinations.

Its portfolio includes hotels operating under a variety of national, regional, and independent brands. Pebblebrook generally owns the underlying real estate while hotels are operated through management agreements, providing lodging accommodations, food and beverage services, meeting and event facilities, and other guest amenities.

Founded in 2009, Pebblebrook Hotel Trust has emphasized properties in markets with strong tourism, business travel, and cultural or recreational appeal.

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