Shares of Pebblebrook Hotel Trust (NYSE:PEB – Get Rating) have been given an average rating of “Hold” by the nine research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $26.00.
Several equities analysts have issued reports on the stock. Bank of America downgraded shares of Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $26.00 to $24.00 in a report on Monday, January 10th. UBS Group cut Pebblebrook Hotel Trust to a “neutral” rating in a report on Monday, January 10th. StockNews.com started coverage on Pebblebrook Hotel Trust in a report on Thursday, March 31st. They issued a “sell” rating for the company. BMO Capital Markets upgraded Pebblebrook Hotel Trust from a “market perform” rating to an “outperform” rating and upped their target price for the company from $25.00 to $26.00 in a report on Friday, January 7th. Finally, Sumitomo Mitsui Financial Group assumed coverage on shares of Pebblebrook Hotel Trust in a report on Wednesday, March 23rd. They issued an “outperform” rating and a $27.00 target price on the stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Pebblebrook Hotel Trust in the fourth quarter valued at $29,928,000. Walleye Capital LLC boosted its holdings in Pebblebrook Hotel Trust by 23.0% during the 4th quarter. Walleye Capital LLC now owns 33,011 shares of the real estate investment trust’s stock valued at $738,000 after acquiring an additional 6,179 shares during the period. Vident Investment Advisory LLC purchased a new position in Pebblebrook Hotel Trust during the 4th quarter valued at about $209,000. William Blair Investment Management LLC boosted its holdings in Pebblebrook Hotel Trust by 87.8% during the 4th quarter. William Blair Investment Management LLC now owns 1,964,370 shares of the real estate investment trust’s stock valued at $43,943,000 after acquiring an additional 918,466 shares during the period. Finally, Walleye Trading LLC boosted its holdings in Pebblebrook Hotel Trust by 57.8% during the 4th quarter. Walleye Trading LLC now owns 29,257 shares of the real estate investment trust’s stock valued at $654,000 after acquiring an additional 10,715 shares during the period.
Pebblebrook Hotel Trust (NYSE:PEB – Get Rating) last posted its quarterly earnings data on Tuesday, February 22nd. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.37) by $0.43. The business had revenue of $247.28 million for the quarter, compared to the consensus estimate of $241.86 million. Pebblebrook Hotel Trust had a negative net margin of 25.22% and a negative return on equity of 5.86%. The company’s revenue was up 233.2% compared to the same quarter last year. During the same period last year, the firm posted ($0.50) earnings per share. Equities research analysts forecast that Pebblebrook Hotel Trust will post 1.17 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 15th. Stockholders of record on Thursday, March 31st will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date of this dividend is Wednesday, March 30th. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is -2.22%.
About Pebblebrook Hotel Trust (Get Rating)
Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels in the United States. The Company owns 53 hotels, totaling approximately 13,200 guestrooms across 14 urban and resort markets, with a focus on the west coast gateway cities.
- Get a free copy of the StockNews.com research report on Pebblebrook Hotel Trust (PEB)
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