Truist Financial Boosts Pebblebrook Hotel Trust (NYSE:PEB) Price Target to $11.00

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 raised by equities research analysts at Truist Financial from $9.00 to $11.00 in a report issued on Thursday,Benzinga reports. The firm currently has a "hold" rating on the real estate investment trust's stock. Truist Financial's price objective indicates a potential downside of 3.30% from the stock's current price.

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

Pebblebrook Hotel Trust Trading Down 1.9%

Shares of Pebblebrook Hotel Trust stock traded down $0.22 on Thursday, hitting $11.38. 676,473 shares of the company traded hands, compared to its average volume of 2,228,183. The stock's 50 day moving average price is $10.62 and its 200-day moving average price is $10.03. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.82. Pebblebrook Hotel Trust has a 52 week low of $7.41 and a 52 week high of $15.12. The company has a market cap of $1.35 billion, a PE ratio of -19.63 and a beta of 1.82.

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 earnings per share 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 firm had revenue of $407.54 million during the quarter, compared to the consensus estimate of $398.77 million. During the same quarter in the previous year, the firm posted $0.69 earnings per share. The company'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. Equities research analysts predict that Pebblebrook Hotel Trust will post 1.5 EPS for the current year.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Several hedge funds have recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. boosted its holdings in Pebblebrook Hotel Trust by 1.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 6,807,602 shares of the real estate investment trust's stock valued at $68,962,000 after purchasing an additional 94,446 shares during the last quarter. Earnest Partners LLC boosted its holdings in Pebblebrook Hotel Trust by 2.4% in the first quarter. Earnest Partners LLC now owns 5,056,675 shares of the real estate investment trust's stock valued at $51,224,000 after purchasing an additional 120,369 shares during the last quarter. Woodline Partners LP purchased a new stake in Pebblebrook Hotel Trust in the first quarter valued at $30,155,000. Charles Schwab Investment Management Inc. boosted its holdings in Pebblebrook Hotel Trust by 2.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,556,288 shares of the real estate investment trust's stock valued at $25,895,000 after purchasing an additional 51,537 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its holdings in Pebblebrook Hotel Trust by 82.3% in 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 purchasing an additional 1,058,664 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.