Pebblebrook Hotel Trust (NYSE:PEB) Given New $11.00 Price Target at Wells Fargo & Company

Pebblebrook Hotel Trust (NYSE:PEB) had its price target hoisted by Wells Fargo & Company from $10.00 to $11.00 in a research note published on Wednesday,Benzinga reports. They currently have an equal weight rating on the real estate investment trust’s stock.

Other equities analysts also recently issued reports about the stock. Wedbush set a $9.00 price objective on shares of Pebblebrook Hotel Trust and gave the company an “underperform” rating in a report on Tuesday, May 6th. Morgan Stanley reiterated an “underweight” rating and set a $10.00 price objective on shares of Pebblebrook Hotel Trust in a research note on Tuesday, July 15th. Evercore ISI lifted their price target on Pebblebrook Hotel Trust from $11.00 to $12.00 and gave the stock an “in-line” rating in a research note on Monday, July 28th. 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, Stifel Nicolaus set a $13.00 target price on shares of Pebblebrook Hotel Trust and gave the stock a “buy” rating in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Pebblebrook Hotel Trust has a consensus rating of “Reduce” and a consensus target price of $11.89.

Pebblebrook Hotel Trust Price Performance

NYSE:PEB opened at $11.24 on Wednesday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.82. Pebblebrook Hotel Trust has a 52 week low of $7.41 and a 52 week high of $15.12. The stock’s 50-day moving average price is $10.24 and its 200-day moving average price is $10.12. The stock has a market capitalization of $1.33 billion, a PE ratio of -19.37 and a beta of 1.85.

Pebblebrook Hotel Trust (NYSE:PEB) last issued its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The company had revenue of $407.54 million for the quarter, compared to the consensus estimate of $398.77 million. Pebblebrook Hotel Trust had a negative return on equity of 1.17% and a negative net margin of 2.20%.Pebblebrook Hotel Trust’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior 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. As a group, equities analysts expect 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 was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, June 30th. Pebblebrook Hotel Trust’s payout ratio is currently -6.90%.

Hedge Funds Weigh In On Pebblebrook Hotel Trust

Several institutional investors and hedge funds have recently bought and sold shares of the company. GF Fund Management CO. LTD. acquired a new position in Pebblebrook Hotel Trust in the fourth quarter valued at approximately $30,000. Harbor Capital Advisors Inc. lifted its position in Pebblebrook Hotel Trust by 122.1% in the second quarter. Harbor Capital Advisors Inc. now owns 2,514 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 1,382 shares during the last quarter. CWM LLC increased its position in shares of Pebblebrook Hotel Trust by 324.2% during the first quarter. CWM LLC now owns 3,071 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 2,347 shares during the last quarter. Hilltop National Bank acquired a new position in shares of Pebblebrook Hotel Trust in the 2nd quarter worth approximately $44,000. Finally, PNC Financial Services Group Inc. increased its holdings in Pebblebrook Hotel Trust by 115.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,683 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 2,507 shares during 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.