Pebblebrook Hotel Trust (NYSE:PEB) Share Price Breaks Above Two Hundred Day Moving Average - Here's Why

Key Points

• Pebblebrook Hotel Trust shares broke above their 200-day moving average, reaching $18.88 and recently trading near $18.73, with nearly 1.92 million shares changing hands.
• Analyst sentiment remains mixed: the consensus rating is “Hold” with an average price target of $17.52, although several firms recently raised their targets and Stifel and Truist maintained buy ratings.
• The company exceeded quarterly earnings expectations, reporting $0.68 EPS versus the $0.12 consensus and $407.14 million in revenue. Pebblebrook also announced a quarterly dividend of $0.01 per share, equal to a 0.2% annualized yield.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $16.48 and traded as high as $18.88. Pebblebrook Hotel Trust shares last traded at $18.7340, with a volume of 1,919,983 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts recently commented on PEB shares. Stifel Nicolaus boosted their price target on Pebblebrook Hotel Trust from $20.25 to $21.25 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Weiss Ratings upgraded Pebblebrook Hotel Trust from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, August 7th. LADENBURG THALM/SH SH lifted their target price on shares of Pebblebrook Hotel Trust from $19.00 to $21.00 and gave the stock a "neutral" rating in a research note on Friday, July 31st. Cantor Fitzgerald lifted their target price on shares of Pebblebrook Hotel Trust from $15.00 to $19.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 11th. Finally, Truist Financial upped their target price on shares of Pebblebrook Hotel Trust from $17.00 to $22.00 and gave the stock a "buy" rating in a report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $17.52.

Pebblebrook Hotel Trust Trading Up 1.7%

The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of -27.15, a PEG ratio of 1.26 and a beta of 1.40. The company has a fifty day moving average price of $18.42 and a two-hundred day moving average price of $16.48. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.83.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last posted its quarterly 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. Pebblebrook Hotel Trust had a negative return on equity of 1.83% and a negative net margin of 3.11%.The business had revenue of $407.14 million during the quarter, compared to analyst estimates of $400.05 million. During the same period in the prior year, the business earned $0.65 earnings per share. The business's revenue was down .1% compared to the same quarter last year. 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, research analysts forecast that Pebblebrook Hotel Trust will post 1.7 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PEB. Sequoia Financial Advisors LLC boosted its position in shares of Pebblebrook Hotel Trust by 9.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 11,001 shares of the real estate investment trust's stock valued at $214,000 after acquiring an additional 910 shares during the last quarter. Tidal Investments LLC acquired a new stake in Pebblebrook Hotel Trust during the second quarter worth about $502,000. WINTON GROUP Ltd acquired a new stake in Pebblebrook Hotel Trust during the second quarter worth about $2,869,000. Engineers Gate Manager LP purchased a new position in Pebblebrook Hotel Trust during the second quarter worth about $921,000. Finally, Nykredit A S purchased a new position in Pebblebrook Hotel Trust during the second quarter worth about $51,000.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust NYSE: PEB is a publicly traded real estate investment trust that owns and invests in upper-upscale and luxury hotels and resorts. The company's portfolio includes independent, boutique and branded properties serving business and leisure travelers.

Pebblebrook focuses primarily on hotels in major urban and resort destinations across the United States, including markets on the West Coast, in the Northeast, the Southeast and other metropolitan and resort regions.

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