Pebblebrook Hotel Trust (NYSE:PEB) Given Consensus Recommendation of “Hold” by Analysts

Shares of Pebblebrook Hotel Trust (NYSE:PEB) have been given a consensus rating of “Hold” by the seven analysts that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $13.28.

PEB has been the topic of several research reports. Raymond James set a $14.00 price objective on shares of Pebblebrook Hotel Trust and gave the company an “outperform” rating in a research note on Thursday, February 27th. Stifel Nicolaus dropped their price target on shares of Pebblebrook Hotel Trust from $16.50 to $13.25 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Evercore ISI cut their price objective on Pebblebrook Hotel Trust from $15.00 to $11.00 and set an “in-line” rating for the company in a report on Monday, April 28th. Truist Financial lowered their target price on Pebblebrook Hotel Trust from $14.00 to $13.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company cut their price target on Pebblebrook Hotel Trust from $16.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 18th.

Pebblebrook Hotel Trust Stock Down 2.0 %

PEB stock opened at $8.90 on Wednesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $1.06 billion, a P/E ratio of -30.69, a P/E/G ratio of 0.60 and a beta of 1.80. Pebblebrook Hotel Trust has a 52-week low of $7.41 and a 52-week high of $15.46. The company’s 50 day simple moving average is $9.81 and its 200-day simple moving average is $12.01.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. Pebblebrook Hotel Trust had a net margin of 0.25% and a return on equity of 0.13%. The company had revenue of $320.27 million for the quarter, compared to the consensus estimate of $311.74 million. During the same period in the previous year, the business earned $0.21 EPS. The company’s revenue was up 2.0% on a year-over-year basis. As a group, equities research analysts anticipate that Pebblebrook Hotel Trust will post 1.5 EPS for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Monday, March 31st. Pebblebrook Hotel Trust’s dividend payout ratio is currently -8.33%.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

A number of hedge funds have recently bought and sold shares of PEB. T. Rowe Price Investment Management Inc. lifted its position in shares of Pebblebrook Hotel Trust by 8.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,713,156 shares of the real estate investment trust’s stock worth $90,964,000 after purchasing an additional 525,991 shares during the last quarter. Earnest Partners LLC grew its holdings in shares of Pebblebrook Hotel Trust by 0.3% during the 4th quarter. Earnest Partners LLC now owns 4,936,306 shares of the real estate investment trust’s stock worth $66,887,000 after purchasing an additional 13,479 shares in the last quarter. Alyeska Investment Group L.P. increased its position in shares of Pebblebrook Hotel Trust by 43.3% during the fourth quarter. Alyeska Investment Group L.P. now owns 4,167,770 shares of the real estate investment trust’s stock valued at $56,473,000 after purchasing an additional 1,260,077 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Pebblebrook Hotel Trust by 19.4% in the fourth 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 purchasing an additional 481,076 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Pebblebrook Hotel Trust by 3.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,504,751 shares of the real estate investment trust’s stock worth $33,939,000 after buying an additional 86,592 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.