Stifel Nicolaus Reiterates $13.00 Price Target for Pebblebrook Hotel Trust (NYSE:PEB)

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 note released on Wednesday morning, Marketbeat reports. The brokerage currently has a buy rating on the real estate investment trust's stock.

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

Pebblebrook Hotel Trust Stock Down 3.0%

NYSE:PEB traded down $0.30 during mid-day trading on Wednesday, reaching $9.73. The company's stock had a trading volume of 2,849,124 shares, compared to its average volume of 2,240,630. The company has a quick ratio of 1.09, a current ratio of 1.31 and a debt-to-equity ratio of 0.82. Pebblebrook Hotel Trust has a 1 year low of $7.41 and a 1 year high of $15.12. The stock has a fifty day moving average of $9.97 and a 200-day moving average of $10.54. The firm has a market capitalization of $1.15 billion, a PE ratio of -16.78 and a beta of 1.85.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.65 EPS for the quarter, beating 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 analyst estimates of $398.77 million. During the same quarter in the previous year, the business posted $0.69 EPS. The company's quarterly revenue was up 2.6% compared to the same quarter last year. Equities research analysts forecast that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, June 30th. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is currently -6.90%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of PEB. Sei Investments Co. increased its holdings in shares of Pebblebrook Hotel Trust by 0.3% during the 4th quarter. Sei Investments Co. now owns 397,337 shares of the real estate investment trust's stock valued at $5,384,000 after purchasing an additional 1,098 shares in the last quarter. Quadrant Capital Group LLC grew its position in Pebblebrook Hotel Trust by 100.2% during the fourth quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 1,323 shares during the period. Harbor Capital Advisors Inc. increased its holdings in Pebblebrook Hotel Trust by 122.1% in the second 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 in the last quarter. Aberdeen Group plc increased its holdings in Pebblebrook Hotel Trust by 4.3% in the first quarter. Aberdeen Group plc now owns 37,230 shares of the real estate investment trust's stock valued at $377,000 after buying an additional 1,534 shares in the last quarter. Finally, Journey Strategic Wealth LLC raised its position in shares of Pebblebrook Hotel Trust by 18.4% in the first quarter. Journey Strategic Wealth LLC now owns 13,949 shares of the real estate investment trust's stock worth $141,000 after acquiring an additional 2,172 shares during the period.

Pebblebrook Hotel Trust Company Profile

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.