Pebblebrook Hotel Trust (NYSE:PEB) Given New $10.00 Price Target at Wells Fargo & Company

Pebblebrook Hotel Trust (NYSE:PEB - Free Report) had its price target boosted by Wells Fargo & Company from $9.00 to $10.00 in a research report report published on Tuesday,Benzinga reports. They currently have an equal weight rating on the real estate investment trust's stock.

PEB has been the subject of several other research reports. Wall Street Zen downgraded shares of Pebblebrook Hotel Trust from a "hold" rating to a "sell" rating in a research report on Wednesday, March 5th. Evercore ISI cut their target price on shares of Pebblebrook Hotel Trust from $15.00 to $11.00 and set an "in-line" rating on the stock in a report on Monday, April 28th. Compass Point cut shares of Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $17.00 to $15.00 in a research note on Monday, March 10th. Wedbush set a $9.00 price objective on shares of Pebblebrook Hotel Trust and gave the stock an "underperform" rating in a research report on Tuesday, May 6th. Finally, Stifel Nicolaus lowered their price target on Pebblebrook Hotel Trust from $16.50 to $13.25 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Three equities research 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. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $11.91.

Pebblebrook Hotel Trust Stock Up 1.2%

PEB stock traded up $0.13 during midday trading on Tuesday, hitting $10.66. The company's stock had a trading volume of 1,176,295 shares, compared to its average volume of 2,071,290. The firm has a 50-day simple moving average of $9.55 and a 200-day simple moving average of $10.94. The firm has a market capitalization of $1.27 billion, a P/E ratio of -22.21 and a beta of 1.75. The company has a quick ratio of 1.09, a current ratio of 1.09 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.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. The firm had revenue of $320.27 million for the quarter, compared to analysts' expectations of $311.74 million. Pebblebrook Hotel Trust had a negative net margin of 0.61% and a negative return on equity of 0.32%. The firm's revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 earnings per share. As a group, equities analysts forecast that Pebblebrook Hotel Trust will post 1.5 EPS for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.01 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.38%. Pebblebrook Hotel Trust's payout ratio is -8.33%.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sei Investments Co. increased its position in Pebblebrook Hotel Trust by 0.3% during the fourth quarter. Sei Investments Co. now owns 397,337 shares of the real estate investment trust's stock worth $5,384,000 after buying an additional 1,098 shares in the last quarter. Quadrant Capital Group LLC raised its stake in Pebblebrook Hotel Trust by 100.2% in the 4th quarter. Quadrant Capital Group LLC now owns 2,644 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 1,323 shares during the last quarter. Metis Global Partners LLC lifted its holdings in Pebblebrook Hotel Trust by 11.4% in the 4th quarter. Metis Global Partners LLC now owns 13,823 shares of the real estate investment trust's stock valued at $187,000 after purchasing an additional 1,412 shares in the last quarter. Aberdeen Group plc boosted its stake in shares of Pebblebrook Hotel Trust by 4.3% during the 1st quarter. Aberdeen Group plc now owns 37,230 shares of the real estate investment trust's stock worth $377,000 after purchasing an additional 1,534 shares during the last quarter. Finally, Swiss National Bank lifted its stake in shares of Pebblebrook Hotel Trust by 0.7% during the fourth quarter. Swiss National Bank now owns 237,012 shares of the real estate investment trust's stock valued at $3,212,000 after buying an additional 1,700 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.