Baird R W Upgrades Pebblebrook Hotel Trust (NYSE:PEB) to Strong-Buy

Pebblebrook Hotel Trust (NYSE:PEB) was upgraded by equities researchers at Baird R W from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Other analysts have also issued reports about the stock. Morgan Stanley set a $9.00 price target on shares of Pebblebrook Hotel Trust in a research report on Wednesday, October 22nd. Cantor Fitzgerald assumed coverage on shares of Pebblebrook Hotel Trust in a research report on Wednesday, October 1st. They set a “neutral” rating and a $12.00 target price for the company. Zacks Research lowered shares of Pebblebrook Hotel Trust from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Barclays started coverage on Pebblebrook Hotel Trust in a research report on Tuesday, January 6th. They set an “underweight” rating and a $10.00 price target on the stock. Finally, Evercore ISI increased their price objective on Pebblebrook Hotel Trust from $12.00 to $13.00 and gave the company an “in-line” rating in a report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, Pebblebrook Hotel Trust presently has a consensus rating of “Reduce” and an average target price of $12.00.

Pebblebrook Hotel Trust Stock Up 0.7%

Shares of NYSE PEB opened at $12.38 on Monday. Pebblebrook Hotel Trust has a 12-month low of $7.41 and a 12-month high of $14.21. The stock’s fifty day simple moving average is $11.31 and its two-hundred day simple moving average is $10.96. The stock has a market capitalization of $1.41 billion, a PE ratio of -10.40 and a beta of 1.53. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.86.

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 the consensus estimate of $0.50 by $0.01. Pebblebrook Hotel Trust had a negative return on equity of 4.02% and a negative net margin of 7.45%.The firm had revenue of $398.72 million during the quarter, compared to analyst estimates of $396.80 million. During the same period in the previous year, the company posted $0.59 EPS. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. 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. As a group, analysts expect that Pebblebrook Hotel Trust will post 1.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Nordea Investment Management AB lifted its holdings in Pebblebrook Hotel Trust by 7.6% in the second quarter. Nordea Investment Management AB now owns 802,145 shares of the real estate investment trust’s stock valued at $8,025,000 after acquiring an additional 56,815 shares during the period. GAMMA Investing LLC grew its stake in shares of Pebblebrook Hotel Trust by 438.2% during the 2nd quarter. GAMMA Investing LLC now owns 9,252 shares of the real estate investment trust’s stock worth $92,000 after purchasing an additional 7,533 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Pebblebrook Hotel Trust by 15.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 692,901 shares of the real estate investment trust’s stock valued at $6,922,000 after purchasing an additional 91,769 shares in the last quarter. Nebula Research & Development LLC boosted its stake in shares of Pebblebrook Hotel Trust by 97.4% during the 2nd quarter. Nebula Research & Development LLC now owns 195,799 shares of the real estate investment trust’s stock worth $1,956,000 after acquiring an additional 96,608 shares in the last quarter. Finally, Boston Partners grew its position in shares of Pebblebrook Hotel Trust by 22.5% during the 2nd quarter. Boston Partners now owns 88,349 shares of the real estate investment trust’s stock valued at $883,000 after acquiring an additional 16,209 shares during the period.

Pebblebrook Hotel Trust Company Profile

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.