Pebblebrook Hotel Trust (NYSE:PEB) Given a $13.00 Price Target by Stifel Nicolaus Analysts

Key Points

• Stifel Nicolaus has raised its price target for Pebblebrook Hotel Trust (NYSE: PEB) from $11.75 to $13.00, indicating a potential upside of 22.38% from the current stock price.
• The company recently reported earnings of $0.65 per share for the latest quarter, beating analysts' expectations, with revenue of $407.54 million, a year-over-year increase of 2.6%.
• Overall, Pebblebrook Hotel Trust has mixed ratings from analysts with four sell ratings, four hold ratings, and one buy rating, resulting in a consensus price target of $11.78.

Stifel Nicolaus set a $13.00 price objective on Pebblebrook Hotel Trust (NYSE:PEB - Free Report) in a research report released on Wednesday, Marketbeat.com reports. The firm currently has a buy rating on the real estate investment trust's stock.

Several other research analysts have also commented on PEB. Evercore ISI boosted their price objective on Pebblebrook Hotel Trust from $11.00 to $12.00 and gave the stock an "in-line" rating in a report on Monday, July 28th. Wells Fargo & Company reaffirmed a "negative" rating on shares of Pebblebrook Hotel Trust in a research note on Tuesday, July 1st. Truist Financial set a $9.00 target price on Pebblebrook Hotel Trust and gave the stock a "hold" rating in a research note on Monday, June 2nd. Wedbush set a $9.00 target price on Pebblebrook Hotel Trust and gave the stock an "underperform" rating in a research note on Tuesday, May 6th. Finally, Morgan Stanley restated an "underweight" rating and set a $10.00 target price on shares of Pebblebrook Hotel Trust in a report on Tuesday, July 15th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $11.78.

Pebblebrook Hotel Trust Price Performance

PEB stock traded down $0.30 during mid-day trading on Wednesday, reaching $9.73. 2,849,124 shares of the company traded hands, compared to its average volume of 2,383,086. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.31 and a quick ratio of 1.31. The company has a market capitalization of $1.15 billion, a P/E ratio of -16.78 and a beta of 1.85. Pebblebrook Hotel Trust has a 52-week low of $7.41 and a 52-week high of $15.12. The company has a fifty day moving average price of $9.97 and a 200-day moving average price of $10.49.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last posted its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.59 by $0.06. Pebblebrook Hotel Trust had a negative return on equity of 1.17% and a negative net margin of 2.20%. The business had revenue of $407.54 million during the quarter, compared to analyst estimates of $398.77 million. During the same quarter in the previous year, the firm earned $0.69 EPS. The company's quarterly revenue was up 2.6% compared to the same quarter last year. As a group, analysts anticipate that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, June 30th. Pebblebrook Hotel Trust's dividend payout ratio is currently -6.90%.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

A number of institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its position in shares of Pebblebrook Hotel Trust by 11.9% during the first quarter. Envestnet Asset Management Inc. now owns 601,132 shares of the real estate investment trust's stock valued at $6,089,000 after buying an additional 63,915 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Pebblebrook Hotel Trust during the first quarter valued at $510,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Pebblebrook Hotel Trust during the fourth quarter valued at $166,000. Nuveen Asset Management LLC boosted its position in shares of Pebblebrook Hotel Trust by 82.3% during the fourth quarter. Nuveen Asset Management LLC now owns 2,345,333 shares of the real estate investment trust's stock valued at $31,779,000 after buying an additional 1,058,664 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its position in shares of Pebblebrook Hotel Trust by 8.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,713,156 shares of the real estate investment trust's stock valued at $90,964,000 after buying an additional 525,991 shares during the last quarter.

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.