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

Pebblebrook Hotel Trust (NYSE:PEB) has earned a consensus recommendation of “Reduce” from the eleven research firms that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $11.70.

PEB has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Pebblebrook Hotel Trust in a report on Wednesday. Robert W. Baird lifted their price target on Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, September 18th. Truist Financial boosted their price objective on Pebblebrook Hotel Trust from $9.00 to $11.00 and gave the stock a “hold” rating in a research note on Thursday, September 11th. Evercore ISI raised their target price on Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the company an “in-line” rating in a research note on Thursday, September 18th. Finally, Zacks Research upgraded shares of Pebblebrook Hotel Trust from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th.

Institutional Trading of Pebblebrook Hotel Trust

A number of large investors have recently added to or reduced their stakes in the business. Amalgamated Bank increased its holdings in shares of Pebblebrook Hotel Trust by 3.5% in the third quarter. Amalgamated Bank now owns 35,064 shares of the real estate investment trust’s stock valued at $399,000 after buying an additional 1,170 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Pebblebrook Hotel Trust by 122.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 2,514 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 1,382 shares during the last quarter. Police & Firemen s Retirement System of New Jersey raised its position in shares of Pebblebrook Hotel Trust by 5.8% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 27,187 shares of the real estate investment trust’s stock worth $272,000 after purchasing an additional 1,500 shares during the period. Aberdeen Group plc raised its position in shares of Pebblebrook Hotel Trust by 4.3% during the first quarter. Aberdeen Group plc now owns 37,230 shares of the real estate investment trust’s stock worth $377,000 after purchasing an additional 1,534 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in shares of Pebblebrook Hotel Trust by 1.0% during the second quarter. Nomura Asset Management Co. Ltd. now owns 168,200 shares of the real estate investment trust’s stock valued at $1,680,000 after purchasing an additional 1,600 shares during the last quarter.

Pebblebrook Hotel Trust Stock Performance

PEB stock opened at $11.05 on Friday. The company has a 50-day simple moving average of $11.02 and a 200 day simple moving average of $10.45. The company has a market capitalization of $1.26 billion, a P/E ratio of -19.06 and a beta of 1.85. 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 fifty-two week low of $7.41 and a fifty-two week high of $15.12.

Pebblebrook Hotel Trust (NYSE:PEB) last released its quarterly earnings results on Wednesday, November 5th. The real estate investment trust reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The company had revenue of $398.72 million for the quarter, compared to the consensus estimate of $396.80 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 was down 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.59 EPS. Pebblebrook Hotel Trust has set its FY 2025 guidance at 1.500-1.570 EPS. Q4 2025 guidance at 0.180-0.260 EPS. Sell-side analysts predict that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Tuesday, September 30th. Pebblebrook Hotel Trust’s payout ratio is presently -3.36%.

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.