Wells Fargo & Company Forecasts Strong Price Appreciation for Pebblebrook Hotel Trust (NYSE:PEB) Stock

Key Points

• Wells Fargo & Company raised its target price for Pebblebrook Hotel Trust (NYSE:PEB) from $10.00 to $11.00, suggesting a potential upside of 0.90% from the stock's previous close.
• Pebblebrook Hotel Trust reported $0.65 earnings per share for its latest quarter, exceeding analysts' expectations of $0.59, with revenues of $407.54 million.
• Analyst ratings for Pebblebrook include one Buy, five Holds, and two Sells, with a consensus rating of "Reduce" and an average target price of $11.89.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) had its target price hoisted by Wells Fargo & Company from $10.00 to $11.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an "equal weight" rating on the real estate investment trust's stock. Wells Fargo & Company's target price suggests a potential upside of 0.90% from the stock's previous close.

A number of other analysts have also commented on PEB. Morgan Stanley reaffirmed an "underweight" rating and set a $10.00 target price on shares of Pebblebrook Hotel Trust in a report on Tuesday, July 15th. Stifel Nicolaus set a $13.00 price objective on Pebblebrook Hotel Trust and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Wedbush set a $9.00 price target on shares of Pebblebrook Hotel Trust and gave the stock an "underperform" rating in a research report on Tuesday, May 6th. Truist Financial set a $9.00 target price on Pebblebrook Hotel Trust and gave the company a "hold" rating in a research report on Monday, June 2nd. Finally, Evercore ISI upped their target price on shares of Pebblebrook Hotel Trust from $11.00 to $12.00 and gave the company an "in-line" rating in a report on Monday, July 28th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Pebblebrook Hotel Trust presently has a consensus rating of "Reduce" and an average target price of $11.89.

Pebblebrook Hotel Trust Stock Performance

NYSE PEB opened at $10.90 on Wednesday. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of -18.80 and a beta of 1.85. The company has a 50 day moving average of $10.21 and a 200-day moving average of $10.11. 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 1-year low of $7.41 and a 1-year high of $15.12.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last issued 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. The business had revenue of $407.54 million during the quarter, compared to analyst estimates of $398.77 million. Pebblebrook Hotel Trust had a negative net margin of 2.20% and a negative return on equity of 1.17%. Pebblebrook Hotel Trust's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 earnings per share. 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, equities analysts forecast that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current fiscal year.

Institutional Trading of Pebblebrook Hotel Trust

Several large investors have recently made changes to their positions in PEB. Woodline Partners LP acquired a new stake in shares of Pebblebrook Hotel Trust during the 1st quarter worth approximately $30,155,000. Alyeska Investment Group L.P. boosted its position in shares of Pebblebrook Hotel Trust by 43.3% during the 4th quarter. Alyeska Investment Group L.P. now owns 4,167,770 shares of the real estate investment trust's stock worth $56,473,000 after acquiring an additional 1,260,077 shares in the last quarter. Nuveen Asset Management LLC boosted its position in shares of Pebblebrook Hotel Trust by 82.3% during the 4th quarter. Nuveen Asset Management LLC now owns 2,345,333 shares of the real estate investment trust's stock worth $31,779,000 after acquiring an additional 1,058,664 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in shares of Pebblebrook Hotel Trust during the 4th quarter worth approximately $8,993,000. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Pebblebrook Hotel Trust by 19.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,956,436 shares of the real estate investment trust's stock worth $40,061,000 after acquiring an additional 481,076 shares in 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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