Truist Financial Issues Positive Forecast for Pebblebrook Hotel Trust (NYSE:PEB) Stock Price

Key Points

• Truist Financial has increased its price target for Pebblebrook Hotel Trust (NYSE:PEB) from $9.00 to $11.00, though this still suggests a potential downside of 6.43% from the previous close.
• Multiple analysts have mixed ratings on Pebblebrook, with an average target price of $12.11 and a consensus rating of "Reduce."
• Pebblebrook Hotel Trust reported a quarterly earnings per share of $0.65, surpassing expectations of $0.59, while the company's revenue rose by 2.6% year-over-year.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) had its price objective increased by stock analysts at Truist Financial from $9.00 to $11.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a "hold" rating on the real estate investment trust's stock. Truist Financial's price objective would suggest a potential downside of 6.43% from the company's previous close.

A number of other equities research analysts have also recently weighed in on PEB. Morgan Stanley reaffirmed an "underweight" rating and set a $10.00 price target on shares of Pebblebrook Hotel Trust in a report on Tuesday, July 15th. Evercore ISI raised their price target on Pebblebrook Hotel Trust from $11.00 to $12.00 and gave the company an "in-line" rating in a report on Monday, July 28th. Stifel Nicolaus set a $13.00 target price on Pebblebrook Hotel Trust and gave the company a "buy" rating in a research note on Wednesday, July 30th. Finally, Wells Fargo & Company lifted their target price on Pebblebrook Hotel Trust from $10.00 to $11.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 27th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and an average target price of $12.11.

Pebblebrook Hotel Trust Price Performance

PEB stock traded up $0.30 during midday trading on Thursday, reaching $11.76. 272,787 shares of the company's stock traded hands, compared to its average volume of 2,239,296. The company has a 50-day simple moving average of $10.55 and a two-hundred day simple moving average of $10.06. Pebblebrook Hotel Trust has a 1-year low of $7.41 and a 1-year high of $15.12. The company has a market cap of $1.39 billion, a price-to-earnings ratio of -20.27 and a beta of 1.82. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.82.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last released its quarterly 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 firm had revenue of $407.54 million during the quarter, compared to analysts' expectations of $398.77 million. During the same period last year, the firm posted $0.69 EPS. The business's revenue was up 2.6% on a year-over-year basis. Pebblebrook Hotel Trust has set its Q3 2025 guidance at 0.450-0.510 EPS. FY 2025 guidance at 1.470-1.590 EPS. On average, analysts anticipate that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Squarepoint Ops LLC bought a new position in shares of Pebblebrook Hotel Trust in the 2nd quarter worth $1,116,000. Cim Investment Management Inc. boosted its position in shares of Pebblebrook Hotel Trust by 100.7% in the 2nd quarter. Cim Investment Management Inc. now owns 25,522 shares of the real estate investment trust's stock worth $255,000 after purchasing an additional 12,808 shares during the last quarter. Public Sector Pension Investment Board boosted its position in shares of Pebblebrook Hotel Trust by 6.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 404,647 shares of the real estate investment trust's stock worth $4,042,000 after purchasing an additional 25,116 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of Pebblebrook Hotel Trust by 14.2% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 296,022 shares of the real estate investment trust's stock worth $2,959,000 after purchasing an additional 36,836 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its position in shares of Pebblebrook Hotel Trust by 63.5% in the 2nd quarter. Corient Private Wealth LLC now owns 70,796 shares of the real estate investment trust's stock worth $707,000 after purchasing an additional 27,500 shares during the last quarter.

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.

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