Pebblebrook Hotel Trust (NYSE:PEB - Free Report) had its price objective raised by Wells Fargo & Company from $9.00 to $10.00 in a research note published on Tuesday morning,Benzinga reports. The firm currently has an equal weight rating on the real estate investment trust's stock.
PEB has been the subject of a number of other research reports. Stifel Nicolaus decreased their target price on shares of Pebblebrook Hotel Trust from $16.50 to $13.25 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Compass Point downgraded Pebblebrook Hotel Trust from a "buy" rating to a "neutral" rating and cut 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 Pebblebrook Hotel Trust and gave the company an "underperform" rating in a research report on Tuesday, May 6th. Truist Financial set a $9.00 price objective on Pebblebrook Hotel Trust and gave the company a "hold" rating in a research note on Monday, June 2nd. Finally, Evercore ISI cut their target price on Pebblebrook Hotel Trust from $15.00 to $11.00 and set an "in-line" rating on the stock in a research note on Monday, April 28th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $11.91.
Check Out Our Latest Stock Analysis on Pebblebrook Hotel Trust
Pebblebrook Hotel Trust Trading Up 1.9%
Shares of NYSE PEB traded up $0.20 during midday trading on Tuesday, hitting $10.53. 2,055,796 shares of the company traded hands, compared to its average volume of 2,069,966. Pebblebrook Hotel Trust has a 12-month low of $7.41 and a 12-month high of $15.12. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a 50-day moving average price of $9.45 and a 200 day moving average price of $10.99. The firm has a market cap of $1.25 billion, a P/E ratio of -21.94 and a beta of 1.75.
Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. Pebblebrook Hotel Trust had a negative return on equity of 0.32% and a negative net margin of 0.61%. The business had revenue of $320.27 million during the quarter, compared to analyst estimates of $311.74 million. During the same quarter last year, the firm posted $0.21 earnings per share. The company's revenue for the quarter was up 2.0% on a year-over-year basis. As a group, analysts expect that Pebblebrook Hotel Trust will post 1.5 earnings per share 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 given a $0.01 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.04 annualized dividend and a yield of 0.38%. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is presently -8.33%.
Institutional Trading of Pebblebrook Hotel Trust
A number of institutional investors and hedge funds have recently modified their holdings of PEB. GF Fund Management CO. LTD. bought a new position in shares of Pebblebrook Hotel Trust during the fourth quarter valued at $30,000. CWM LLC raised its position in Pebblebrook Hotel Trust by 324.2% in the 1st quarter. CWM LLC now owns 3,071 shares of the real estate investment trust's stock worth $31,000 after buying an additional 2,347 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in Pebblebrook Hotel Trust by 100.2% during 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 acquiring an additional 1,323 shares during the period. Sterling Capital Management LLC boosted its holdings in shares of Pebblebrook Hotel Trust by 815.6% during the 4th quarter. Sterling Capital Management LLC now owns 3,763 shares of the real estate investment trust's stock valued at $51,000 after acquiring an additional 3,352 shares during the last quarter. Finally, AlphaQuest LLC grew its stake in shares of Pebblebrook Hotel Trust by 1,405.7% in the first quarter. AlphaQuest LLC now owns 8,251 shares of the real estate investment trust's stock worth $84,000 after acquiring an additional 7,703 shares during the period.
About Pebblebrook Hotel Trust
(
Get Free Report)
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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