Pebblebrook Hotel Trust (NYSE:PEB) Receives Average Rating of “Hold” from Brokerages

Shares of Pebblebrook Hotel Trust (NYSE:PEB) have been assigned a consensus rating of “Hold” from the seven brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $12.28.

A number of analysts have weighed in on PEB shares. Stifel Nicolaus dropped their target price on shares of Pebblebrook Hotel Trust from $16.50 to $13.25 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Evercore ISI lowered their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $11.00 and set an “in-line” rating for the company in a research report on Monday, April 28th. Raymond James Financial set a $14.00 price objective on shares of Pebblebrook Hotel Trust and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Compass Point downgraded Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and decreased their target price for the company from $17.00 to $15.00 in a research note on Monday, March 10th. Finally, Wall Street Zen lowered Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Wednesday, March 5th.

Pebblebrook Hotel Trust Stock Down 0.1%

NYSE:PEB opened at $9.48 on Thursday. 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 company has a market capitalization of $1.13 billion, a price-to-earnings ratio of -19.75 and a beta of 1.74. Pebblebrook Hotel Trust has a one year low of $7.41 and a one year high of $15.12. The stock has a 50-day simple moving average of $9.35 and a 200 day simple moving average of $11.15.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. The company had revenue of $320.27 million during the quarter, compared to analyst estimates of $311.74 million. Pebblebrook Hotel Trust had a negative return on equity of 0.32% and a negative net margin of 0.61%. The business’s revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.21 EPS. Sell-side analysts predict that Pebblebrook Hotel Trust will post 1.5 EPS for the current fiscal year.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date is Monday, June 30th. Pebblebrook Hotel Trust’s dividend payout ratio is currently -8.33%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PEB. Fisher Asset Management LLC lifted its position in Pebblebrook Hotel Trust by 5.9% in the fourth quarter. Fisher Asset Management LLC now owns 572,994 shares of the real estate investment trust’s stock worth $7,764,000 after purchasing an additional 31,677 shares during the period. Mercer Global Advisors Inc. ADV bought a new stake in shares of Pebblebrook Hotel Trust in the 4th quarter worth $166,000. Nuveen Asset Management LLC lifted its holdings in shares of Pebblebrook Hotel Trust by 82.3% in the fourth quarter. Nuveen Asset Management LLC now owns 2,345,333 shares of the real estate investment trust’s stock valued at $31,779,000 after buying an additional 1,058,664 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in Pebblebrook Hotel Trust by 8.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,713,156 shares of the real estate investment trust’s stock valued at $90,964,000 after buying an additional 525,991 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Pebblebrook Hotel Trust during the first quarter worth about $510,000.

About Pebblebrook Hotel Trust

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.