Pebblebrook Hotel Trust (NYSE:PEB) Given Average Rating of “Reduce” by Brokerages

Pebblebrook Hotel Trust (NYSE:PEB) has earned a consensus recommendation of “Reduce” from the twelve analysts that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $11.7273.

PEB has been the subject of several recent analyst reports. Morgan Stanley set a $9.00 target price on Pebblebrook Hotel Trust in a research note on Wednesday, October 22nd. Wells Fargo & Company increased their price target on Pebblebrook Hotel Trust from $11.00 to $13.00 and gave the stock an “equal weight” rating in a report on Monday, December 1st. Zacks Research downgraded Pebblebrook Hotel Trust from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Cantor Fitzgerald started coverage on shares of Pebblebrook Hotel Trust in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $12.00 target price on the stock. Finally, Robert W. Baird increased their target price on shares of Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, September 18th.

Pebblebrook Hotel Trust Price Performance

Shares of PEB stock opened at $12.32 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.13 and a quick ratio of 1.13. The firm’s 50-day moving average is $11.23 and its two-hundred day moving average is $10.93. Pebblebrook Hotel Trust has a 12 month low of $7.41 and a 12 month high of $14.21. The company has a market capitalization of $1.40 billion, a PE ratio of -10.35 and a beta of 1.53.

Pebblebrook Hotel Trust (NYSE:PEB) last posted its quarterly earnings results on Wednesday, November 5th. The real estate investment trust reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. The business had revenue of $398.72 million during the quarter, compared to analysts’ expectations of $396.80 million. Pebblebrook Hotel Trust had a negative net margin of 7.45% and a negative return on equity of 4.02%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.59 EPS. Pebblebrook Hotel Trust has set its FY 2025 guidance at 1.500-1.570 EPS and its Q4 2025 guidance at 0.180-0.260 EPS. Analysts predict that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current year.

Pebblebrook Hotel Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. Pebblebrook Hotel Trust’s dividend payout ratio (DPR) is presently -3.36%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. boosted its position in shares of Pebblebrook Hotel Trust by 122.1% during the second quarter. Harbor Capital Advisors Inc. now owns 2,514 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 1,382 shares during the period. Hilltop National Bank acquired a new position in Pebblebrook Hotel Trust during the 2nd quarter worth about $44,000. PNC Financial Services Group Inc. lifted its stake in Pebblebrook Hotel Trust by 115.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,683 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 2,507 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Pebblebrook Hotel Trust during the 3rd quarter valued at about $77,000. Finally, AdvisorShares Investments LLC grew its position in Pebblebrook Hotel Trust by 52.4% in the 2nd quarter. AdvisorShares Investments LLC now owns 7,621 shares of the real estate investment trust’s stock valued at $76,000 after acquiring an additional 2,621 shares in the last quarter.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust (NYSE:PEB) is a real estate investment trust specializing in premium, high-barrier-to-entry hotel properties in gateway markets across the United States. Established in 2009, PEB focuses on lifestyle-oriented lodging assets that cater to business and leisure travelers seeking elevated experiences. The company’s investment strategy emphasizes select-service and full-service hotels with established brands and prime urban or resort locations.

PEB’s portfolio comprises more than 30 properties in major metropolitan areas including New York City, Los Angeles, Chicago, Miami and San Francisco.